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Life Cycle Consumption, Labor Supply and Housing

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  • Yannis M. Ioannides

Abstract

We use pooled panel data for 1970-1981 from the Panel Study of Income Dynamics to estimate preference parameters and study the interaction between housing and labor supply. We treat housing as quasi-fixed during residence spells. The data pertaining to households with positive net worth give a much better fit than those with negative, for a system in first-differences of non housing expenditure and the share of leisure. Good results are obtained for single-equation estimations for the share of leisure.

Suggested Citation

  • Yannis M. Ioannides, 1988. "Life Cycle Consumption, Labor Supply and Housing," Annals of Economics and Statistics, GENES, issue 9, pages 93-110.
    • Handle: RePEc:adr:anecst:y:1988:i:9:p:93-110
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    File URL: http://www.jstor.org/stable/20075683
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    Cited by:

    1. Jan Rouwendal, 2009. "Housing Wealth and Household Portfolios in an Ageing Society," De Economist, Springer, vol. 157(1), pages 1-48, March.
    2. Laurent Gobillon & David Le Blanc, 2002. "L’impact des contraintes d’emprunt sur la mobilité résidentielle et les choix de statut d’occupation des ménages : un modèle simple de demande," Working Papers 2002-27, Center for Research in Economics and Statistics.

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