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Tenure Choice with Sample Selection: A Note on the Differences among Alternative Samples

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  • Gary Painter

Abstract

Most tenure choice models using cross sectional data have used either a sample ofrecent movers or a sample comprising all households. There are problems withestimating both types of models in cross sectional data. A sample of recent movers oversamples renters, and a sample of all households will yield estimates based on householddecisions made in the past. This research designs a method to correct for sampleselection in a sample of recent movers. There are large differences in the importance ofage and immigrant status and duration as a predictor of homeownership. At the sametime, income effects are similar across models.

Suggested Citation

  • Gary Painter, 2000. "Tenure Choice with Sample Selection: A Note on the Differences among Alternative Samples," Working Paper 8647, USC Lusk Center for Real Estate.
    • Handle: RePEc:luk:wpaper:8647
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    File URL: http://lusk.usc.edu/sites/default/files/working_papers/wp_2000_1006.pdf
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    8. Coulson, N. Edward, 1999. "Why Are Hispanic- and Asian-American Homeownership Rates So Low?: Immigration and Other Factors," Journal of Urban Economics, Elsevier, vol. 45(2), pages 209-227, March.
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    12. Painter, Gary & Gabriel, Stuart & Myers, Dowell, 2001. "Race, Immigrant Status, and Housing Tenure Choice," Journal of Urban Economics, Elsevier, vol. 49(1), pages 150-167, January.
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    Cited by:

    1. Josep Raya & Jaume Garcia, 2012. "Which Are the Real Determinants of Tenure? A Comparative Analysis of Different Models of the Tenure Choice of a House," Urban Studies, Urban Studies Journal Limited, vol. 49(16), pages 3645-3662, December.
    2. Haan, Michael, 2005. "Are Immigrants Buying to Get In?: The Role of Ethnic Clustering on the Homeownership Propensities of 12 Toronto Immigrant Groups, 1996-2001," Analytical Studies Branch Research Paper Series 2005252e, Statistics Canada, Analytical Studies Branch.
    3. Lawrence W C Lai & Winky K O Ho, 2001. "Zone Separation: A Probit Analysis of Hong Kong Planning Application Statistics," Environment and Planning B, , vol. 28(6), pages 923-932, December.
    4. Painter, Gary & Gabriel, Stuart & Myers, Dowell, 2001. "Race, Immigrant Status, and Housing Tenure Choice," Journal of Urban Economics, Elsevier, vol. 49(1), pages 150-167, January.
    5. repec:kap:iaecre:v:17:y:2011:i:2:p:211-223 is not listed on IDEAS
    6. Gary Painter & Lihong Yand & Zhou Yu, 2003. "Why are Chinese Homeownership Rates so high?," Working Paper 8620, USC Lusk Center for Real Estate.
    7. Gary Painter & Zhou Yu, 2008. "Leaving Gateway Metropolitan Areas in the United States: Immigrants and the Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 45(5-6), pages 1163-1191, May.
    8. Maude Toussaint‐Comeau & Sherrie L. W. Rhine, 2004. "Tenure Choice with Location Selection: The Case of Hispanic Neighborhoods in Chicago," Contemporary Economic Policy, Western Economic Association International, vol. 22(1), pages 95-110, January.
    9. Gary Painter & Zhou Yu, 2012. "Caught in the Housing Bubble: Immigrants' Housing Outcomes in Traditional Gateways and Newly Emerging Destinations," Working Paper 8953, USC Lusk Center for Real Estate.
    10. Gary Painter & Christian L. Redfearn, 2001. "The Role of Interest Rates in Influencing Long-Run Homeownership Rates," Working Paper 8629, USC Lusk Center for Real Estate.
    11. Gary Painter & Zhou Yu, 2004. "Leaving Gateway Metropolitan Areas: Immigrants and the Housing Market," Working Paper 8597, USC Lusk Center for Real Estate.
    12. Leonora Risse, 2006. "Does Maternity Leave Encourage Higher birth Rates? An Analysis of the Australian Labour Market," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 9(4), pages 343-370, December.
    13. Mark van Zijll de Jong & Grant M. Scobie, 2006. "Housing: An Analysis of Ownership and Investment Based on the Household Savings Survey," Treasury Working Paper Series 06/07, New Zealand Treasury.
    14. Stuart A. Gabriel & Gary Painter, 2001. "Pathways to Homeownership: An Analysis of the Residential and Homeownership Choices of Black Households in Los Angeles," Working Paper 8633, USC Lusk Center for Real Estate.
    15. Gary Painter & Lihong Yang & Zhou Yu, 2003. "Heterogeneity in Asian American Home-ownership: The Impact of Household Endowments and Immigrant Status," Urban Studies, Urban Studies Journal Limited, vol. 40(3), pages 505-530, March.
    16. Vaalavuo, Maria & van Ham, Maarten & Kauppinen, Timo M., 2017. "Income Increase and Moving to a Better Neighbourhood: An Enquiry into Ethnic Differences in Finland," IZA Discussion Papers 11076, Institute of Labor Economics (IZA).
    17. James Alm & Mikhail I. Melnik, 2005. "Sales Taxes and the Decision to Purchase Online," Public Finance Review, , vol. 33(2), pages 184-212, March.
    18. Stuart A. Gabriel & Gary Painter, 2003. "Intra-Metropolitan Mobility, Residential Location and Homeownership Choice Among Minority and White Households: Estimates of a Nested Multinomial Logit Model," Working Paper 8618, USC Lusk Center for Real Estate.
    19. Gary Painter & Lihong Yang & Zhou Yu, 2001. "Heterogeneity in Asian American Homeownership: The Impact of Household Endowments and Immigrant Status," Working Paper 8630, USC Lusk Center for Real Estate.
    20. Zhou Yu, 2003. "Immigration and Sprawl: Race/Ethnicity, Immigrant Status, and Residential Mobility in Household Location Choice," Working Paper 8612, USC Lusk Center for Real Estate.
    21. Lee, Kwan Ok & Painter, Gary, 2013. "What happens to household formation in a recession?," Journal of Urban Economics, Elsevier, vol. 76(C), pages 93-109.
    22. Gary Painter & Zhou Yu, 2014. "Caught in the Housing Bubble: Immigrants’ Housing Outcomes in Traditional Gateways and Newly Emerging Destinations," Urban Studies, Urban Studies Journal Limited, vol. 51(4), pages 781-809, March.
    23. Stuart A. Gabriel & Gary Painter, 2008. "Mobility, Residential Location and the American Dream: The Intrametropolitan Geography of Minority Homeownership," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 36(3), pages 499-531, September.
    24. Swarnankur Chatterjee & Velma Zahirovic-Herbert, 2011. "Homeownership and Housing Equity: An Examination of Native- Immigrant Differences in Housing Wealth," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(2), pages 211-223, May.
    25. Boehm, Thomas P. & Schlottmann, Alan M., 2014. "The dynamics of housing tenure choice: Lessons from Germany and the United States," Journal of Housing Economics, Elsevier, vol. 25(C), pages 1-19.

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    tenure choice; housing demand;

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