House prices and home owner saving behavior
Article Abstract:
An empirical analysis between house price appreciation and the savings behavior of householders is conducted using household asset and debt data from the Panel Study of Income Dynamics during the time period of 1984-1989. The representative sample consists of homeowners below 65 years of age. The results do not correspond with the savings reaction to total and unexpected real housing capital profits. Homeowners who suffered from real housing capital losses show saving tendencies to compensate for the losses whereas homeowners who profited do not cut their savings.
Publication Name: Regional Science & Urban Economics
Subject: Social sciences
ISSN: 0166-0462
Year: 1996
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The market for housing in Israel
Article Abstract:
A study estimates an econometric model of Israel's housing market. Policy and demographic factors affecting the housing market are examined through simulation analysis. Three levels of simulations are performed corresponding to demand shocks, supply shocks and shocks to both supply and demand. It is shown that the increase in house prices and building are driven by population growth. Studies also show lower price elasticity of demand for housing inducing large responses in prices.
Publication Name: Regional Science & Urban Economics
Subject: Social sciences
ISSN: 0166-0462
Year: 1998
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Income variability, uncertainty and housing tenure choice
Article Abstract:
Several measures of uncertainty were used to investigate the empirical relationship between uncertainty and housing tenure choice. Analysis of data from the University of Michigan's Panel Study of Income Dynamics revealed that uncertainty plays a significant role in the purchase versus rent decision, with uncertainty decreasing the probability of owning. It was also shown that income uncertainty reduces the likelihood of individuals owning homes at a point in time.
Publication Name: Regional Science & Urban Economics
Subject: Social sciences
ISSN: 0166-0462
Year: 1999
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