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The Owner-Premium Adjustment in Housing Imputations

Author

Listed:
  • Bettina H. Aten
  • Alan Heston

    (Bureau of Economic Analysis)

Abstract

This paper describes and alternative to the rental equivalence and the user cost approaches for imputing consumer expenditures on owner-occupied housing services. The alternative uses the estimated value of the dwelling relative to the median value of similar homes as an adjustment to the rental equivalence method.

Suggested Citation

  • Bettina H. Aten & Alan Heston, 2020. "The Owner-Premium Adjustment in Housing Imputations," BEA Working Papers 0177, Bureau of Economic Analysis.
    • Handle: RePEc:bea:wpaper:0177
    as

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    File URL: https://www.bea.gov/system/files/papers/BEA-WP2020-7_0.pdf
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    References listed on IDEAS

    as
    1. Randal Verbrugge, 2008. "The Puzzling Divergence Of Rents And User Costs, 1980–2004," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(4), pages 671-699, December.
    2. Arnold Katz, 2017. "Imputing Rents to Owner-Occupied Housing by Directly Modelling Their Distribution," BEA Working Papers 0144, Bureau of Economic Analysis.
    3. Bettina H. Aten, 2018. "Valuing Owner-Occupied Housing: an empirical exercise using the American Community Survey (ACS) Housing files," BEA Working Papers 0149, Bureau of Economic Analysis.
    4. Bettina H. Aten, 2017. "Rental equivalence estimates of national and regional housing expenditures," BEA Working Papers 0142, Bureau of Economic Analysis.
    5. Edward Glaeser & Joseph Gyourko, 2018. "The Economic Implications of Housing Supply," Journal of Economic Perspectives, American Economic Association, vol. 32(1), pages 3-30, Winter.
    6. Gillingham, Robert, 1983. "Measuring the Cost of Shelter for Homeowners: Theoretical and Empirical Considerations," The Review of Economics and Statistics, MIT Press, vol. 65(2), pages 254-265, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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