The Tenure Transition Decision For Elderly Homeowners
Identifieur interne : 000858 ( Main/Exploration ); précédent : 000857; suivant : 000859The Tenure Transition Decision For Elderly Homeowners
Auteurs : Lawrence D. Jones [Canada]Source :
- Journal of Urban Economics [ 0094-1190 ] ; 1997.
English descriptors
- Teeft :
- Academic press, Annual income, Annuitized wealth, Bequeathable, Bequeathable nonhousing wealth, Bequeathable wealth, Bequest motive, Bequest motives, British columbia, Canadian households, Capital gains, Capital gains taxes, Change tenure, Chicago press, Consumer finances, Consumption paths, Current home, Elderly, Elderly homeowners, Elderly household, Elderly households, Elderly tenure transition, Elderly tenure transition table, Empirical analysis, Empirical results, Estimation, Estimation results, Explanatory value, Hequity, High transactions costs, Home equity, Homeowner, Homeownership, Homeownership positions, Household, Household attributes, Household head, Household members, Household size, Housing choices, Housing demand, Housing equity, Housing service consumption, Housing services, Housing wealth, Hurd, Jones table, Labor force, Labor force status, Life cycle, Life cycle hypothesis, Life cycle theory, Life insurance, Lumpy future expenses, Market value, Maximum number, Maxyrs, Mcfadden, Medical expenses, Negative wealth shocks, Nhbeqnw, Nonhousing, Nonhousing bequeathable wealth, Nonhousing wealth, Nursing home, Older households, Optimal consumption path, Other hand, Other studies, Panel characteristics, Pension plan, Pension wealth, Poor health, Poterba, Precautionary, Precautionary motive, Precautionary savings, Precautionary savings hypothesis, Principal residence, Principal residences, Psychic costs, Rental status, Report evidence, Retirement history survey, Retirement wealth, Save1, Save2, Sheiner, Significance levels, Sociodemographic attributes, Survey respondent, Tenure, Tenure decision, Tenure transition, Tenure transition decision, Tenure transition likelihood function, Tenure transitions, Total bequeathable wealth, User cost, Venti, Wealth, Weil.
Abstract
Abstract: There exists evidence of a sizable shift of elderly households away from homeownership. The paper explores two sets of potential determinants of this decision. One set derives from the Life Cycle Hypothesis. A second set is intended to apply to households that do not conform to the predictions of life cycle theory. The results from estimating a tenure transition likelihood function provide some support for each set of explanations. In particular, they suggest that it is premature to dismiss the role of Life Cycle Hypothesis behavior in explaining the decision of elderly households to terminate homeownership.
Url:
DOI: 10.1006/juec.1996.1099
Affiliations:
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Jones</name></author></titleStmt><publicationStmt><idno type="wicri:source">ISTEX</idno><idno type="RBID">ISTEX:A02CC682AF22BE322BF5687AD2B631A6BD15DEEA</idno><date when="1997" year="1997">1997</date><idno type="doi">10.1006/juec.1996.1099</idno><idno type="url">https://api.istex.fr/document/A02CC682AF22BE322BF5687AD2B631A6BD15DEEA/fulltext/pdf</idno><idno type="wicri:Area/Istex/Corpus">000526</idno><idno type="wicri:explorRef" wicri:stream="Istex" wicri:step="Corpus" wicri:corpus="ISTEX">000526</idno><idno type="wicri:Area/Istex/Curation">000525</idno><idno type="wicri:Area/Istex/Checkpoint">000568</idno><idno type="wicri:explorRef" wicri:stream="Istex" wicri:step="Checkpoint">000568</idno><idno type="wicri:doubleKey">0094-1190:1997:Jones L:the:tenure:transition</idno><idno type="wicri:Area/Main/Merge">000866</idno><idno type="wicri:Area/Main/Curation">000858</idno><idno type="wicri:Area/Main/Exploration">000858</idno></publicationStmt><sourceDesc><biblStruct><analytic><title level="a" type="main" xml:lang="en">The Tenure Transition Decision For Elderly Homeowners</title><author><name sortKey="Jones, Lawrence D" sort="Jones, Lawrence D" uniqKey="Jones L" first="Lawrence D." last="Jones">Lawrence D. 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The paper explores two sets of potential determinants of this decision. One set derives from the Life Cycle Hypothesis. A second set is intended to apply to households that do not conform to the predictions of life cycle theory. The results from estimating a tenure transition likelihood function provide some support for each set of explanations. In particular, they suggest that it is premature to dismiss the role of Life Cycle Hypothesis behavior in explaining the decision of elderly households to terminate homeownership.</div></front></TEI><affiliations><list><country><li>Canada</li></country></list><tree><country name="Canada"><noRegion><name sortKey="Jones, Lawrence D" sort="Jones, Lawrence D" uniqKey="Jones L" first="Lawrence D." last="Jones">Lawrence D. Jones</name></noRegion></country></tree></affiliations></record>Pour manipuler ce document sous Unix (Dilib)
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