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...
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| 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 |