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An Empirical Analysis of the Housing Decisions of Older Homeowners
Author(s) -
VanderHart Peter G.
Publication year - 1994
Publication title -
real estate economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.064
H-Index - 61
eISSN - 1540-6229
pISSN - 1080-8620
DOI - 10.1111/1540-6229.00633
Subject(s) - multinomial logistic regression , economics , variety (cybernetics) , demographic economics , panel study of income dynamics , logit , panel data , logistic regression , public economics , econometrics , medicine , artificial intelligence , machine learning , computer science
This paper examines the effects of finanacial, demographic and housing variables on older homeowners' propensity to make a variety of housing changes. Pooled cross‐sectional data from the Panel Study of Income Dynamics is used in a multinomial logit framework. The results indicate that demographic factors are much more important than financial factors in explaining housing changes by older homeowners.