Housing Tenure Choice Implications of Social Networks: A Structural Model Approach
The influence of social networks on housing tenure choice remains conspicuously unexplored despite the fact that soci al networks are crucial in information dissemination. Social networks can enco urage the attainment and retention of homeownership by channeling important knowledge and information regarding household finance, wealth management, hom e maintenance, etc. Social networks also provide greater connection to the loc ation thereby potentially encouraging locational stability and homeownership. The analysis of the relationship between social net works and housing tenure decisions, however, is complicated because of the issue of mobility. Because social networks in large part are tied to the physical location, this relationship cannot be studied in isolation from the mobility decision. This paper presents a dynamic model of joint mobility-housing tenure decision and social network accumulation. Parameters of the dynamic program are estimated using a simulated method of moments (SMM) procedure. The data source is the Indonesian Family Life Survey (IFLS), a large scale survey of Indonesian households, which contains rich information on community participation by households allowing the construct of a comprehensive measure of social networks.
|Date of creation:||2009|
|Contact details of provider:|| Web page: http://spears.okstate.edu/ecls-working-papers/|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:okl:wpaper:0905. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Harounan Kazianga)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.