Owner occupancy: investment vs consumption demand

Article Abstract:

Consumption and asset demand of building owner-occupiers is examined through the characteristics of owner-occupiers and the role of capital market imperfections in the process of accumulating wealth. For each family of owner-occupiers, measures of lifetime wealth and idiosyncratic tilts for the time path of income are calculated; age and education are the controlled factors. Measures of different sources of wealth that have different liquidity and availability as collateral are also obtained. The different strata of the sample of owner-occupiers are examined according to the probability of facing capital restraints, and the impact of wealth composition, level, and income tilt on tenure choice.

Economic aspects, Homeowners

---

Dynamic aspects of consumer decisions in housing markets

Article Abstract:

A model analyzing the choices families make in the housing market related to joint tenure, length of stay and consumption level is presented using data from the Panel Study of Income Dynamics. Research results suggest that better educated families and families with more money were more mobile. Results also indicate that owners and renters were found to have parallel demand function relationships in terms of housing consumption related to socioeconomic variables. This finding substantiates the belief that owners and renters are not differentiated by housing choice when deciding whether to rent or buy a house. Instead, the decision is affected by life-cycle circumstances.

Analysis, Housing research, Consumer behavior, Family

---

Separating Tiebout equilibria

Article Abstract:

The division of a given residential population into communities where, within each community, a local public service is commonly consumed is called the Tiebout problem. Although expanding a community's population enhances the scale economies in the provision of local public services, it also raises the heterogeneity of the voting population and spreads out demand for services and dissatisfaction of some voters. An analysis of the two main approaches in the literature are combined to include scale effects, internal heterogeneity of communities, and endogenous community numbers is presented.

Services, Cities and towns, Municipal services

Similar abstracts:

• Abstracts: Intergenerational transfers, borrowing constraints, and saving behavior: evidence from the housing market. Residential construction: using the urban growth model to estimate housing supply
• Abstracts: Theory and application of linear supply function equilibrium in electricity markets. Household response to optional peak-load pricing of electricity
• Abstracts: A primer for writing an effective management's discussion and analysis. Performance auditing OJT: reducing costs to developing countries
• Abstracts: Avoiding the downfall of windfalls. Inter-country public sector comparisons and harmonization of international accounting, auditing and regulation
• Abstracts: Income class, modal choice, and urban spatial structure. Transportation system change and urban structure in two-transport mode setting

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.