Modelling the Demand for Housing over the Lifecycle

This paper models individual demand for housing over the life-cycle, and shows the implications of this behaviour for aggregate demand. Individuals delay purchasing their first home when incomes are low or uncertain. This delay is exacerbated by downpayment constraints. Higher house prices lead hous...

Full description

Saved in:
Bibliographic details
Volume: 15
Main Author: Wakefield, Matthew
Low, Hamish
Attanasio, Orazio
Bottazzi, Renata
Nesheim, Lars Patrick
Format: Journal Article
Language: English
Place of publication: Elsevier for the Society for Economic Dynamics 2012
published in: Review of Economic Dynamics Vol. 15; no. 1; pp. 1 - 18
Data of publication: 2012
Series: Review of Economic Dynamics
Subjects:
Online Access: available in Bonn?
Database: RePEc
RePEc IDEAS
Database information Databases - DBIS