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An analysis of housing expenditure using semiparametric cross-section models

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Author Info
Charlier, E.
Melenberg, B.
Soest, A. van (Tilburg University, Center for Economic Research)

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Abstract

In this paper we model expenditure on housing for owners and renters by means of endogenous switching regression models using cross-section data. We explain the share of housing in total expenditure from family characteristics and total expenditure, where the latter is allowed to be endogenous. We apply various existing parametric and semiparametric techniques for cross-section data. Exogeneity of total expenditure is rejected for the parametric models but not for most semiparametric models. The results are compared on the basis of graphs of the estimated relationship between the budget share spent on housing and the logarithm of total expenditure and on the baisi of budget elasticities.

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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 15.

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Date of creation: 1997
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Handle: RePEc:dgr:kubcen:199715

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Related research
Keywords: Engel curve

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Find related papers by JEL classification:
C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Semiparametric and Nonparametric Methods
R21 - Urban, Rural, and Regional Economics - - Household Analysis - - - Housing Demand

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Lee, Lung-Fei & Trost, Robert P., 1978. "Estimation of some limited dependent variable models with application to housing demand," Journal of Econometrics, Elsevier, vol. 8(3), pages 357-382, December. [Downloadable!] (restricted)
  2. Zorn, Peter M., 1993. "The Impact of Mortgage Qualification Criteria on Households' Housing Decisions: An Empirical Analysis Using Microeconomic Data," Journal of Housing Economics, Elsevier, vol. 3(1), pages 51-75, December. [Downloadable!] (restricted)
  3. Donald W.K. Andrews & Marcia A. Schafgans, 1996. "Semiparametric Estimation of a Sample Selection Model," Cowles Foundation Discussion Papers 1119, Cowles Foundation, Yale University. [Downloadable!]
  4. Chesher, Andrew & Irish, Margaret, 1987. "Residual analysis in the grouped and censored normal linear model," Journal of Econometrics, Elsevier, vol. 34(1-2), pages 33-61. [Downloadable!] (restricted)
  5. Amemiya, Takeshi, 1984. "Tobit models: A survey," Journal of Econometrics, Elsevier, vol. 24(1-2), pages 3-61. [Downloadable!] (restricted)
  6. Charlier, E. & Melenberg, B. & Soest, A. van, 1997. "An analysis of housing expenditure using semiparametric models and panel data," Discussion Paper 14, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  7. Ioannides, Yannis M & Rosenthal, Stuart S, 1994. "Estimating the Consumption and Investment Demands for Housing and Their Effect on Housing Tenure Status," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 127-41, February. [Downloadable!] (restricted)
  8. repec:cup:etheor:v:12:y:1996:i:2:p:305-30 is not listed on IDEAS
  9. Newey, Whitney K, 1985. "Maximum Likelihood Specification Testing and Conditional Moment Tests," Econometrica, Econometric Society, vol. 53(5), pages 1047-70, September. [Downloadable!] (restricted)
  10. Ahn, Hyungtaik & Powell, James L., 1993. "Semiparametric estimation of censored selection models with a nonparametric selection mechanism," Journal of Econometrics, Elsevier, vol. 58(1-2), pages 3-29, July. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Farrell, Lisa & Shields, Michael A., 2001. "Child Expenditure: The Role of Working Mothers, Lone Parents, Sibling Composition and Household Provision," IZA Discussion Papers 388, Institute for the Study of Labor (IZA). [Downloadable!]
  2. Jos van Ommeren & Michiel van Leuvensteijn, 2002. "New Evidence of the Effect of Transaction Costs on Residential Mobility," Tinbergen Institute Discussion Papers 02-117/3, Tinbergen Institute. [Downloadable!]
    Other versions:
  3. Edwin Van Gameren & Michiel Ras & Evelien Eggink & Ingrid Ooms, 2005. "The demand for housing services in the Netherlands," ERSA conference papers ersa05p327, European Regional Science Association. [Downloadable!]
  4. Charlier, E. & Melenberg, B. & Soest, A. van, 1997. "An analysis of housing expenditure using semiparametric models and panel data," Discussion Paper 14, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
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