Modelling the demand for housing over the life cycle

We model individual demand for housing over the life cycle, and show the aggregate implications of this behaviour. Individuals delay purchasing their first home when incomes are low or uncertain. Higher house prices lead households to downsize, rather than to stop being owners. Fixed costs (property...

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Veröffentlicht in:	Review of economic dynamics 2012, Vol.15 (1), p.1-18
Hauptverfasser:	Attanasio, Orazio P., Bottazzi, Renata, Low, Hamish W., Nesheim, Lars, Wakefield, Matthew
Format:	Artikel
Sprache:	eng
Schlagworte:	Consumption Credit constraints Demand Economic dynamics Economic models Housing Housing prices Income Life cycles Studies Uncertainty
Online-Zugang:	Volltext
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