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Tenure Choice with Sample Selection: A Note on the Differences among Alternative Samples

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  • Gary Painter

Abstract

Most tenure choice models using cross sectional data have used either a sample ofrecent movers or a sample comprising all households. There are problems withestimating both types of models in cross sectional data. A sample of recent movers oversamples renters, and a sample of all households will yield estimates based on householddecisions made in the past. This research designs a method to correct for sampleselection in a sample of recent movers. There are large differences in the importance ofage and immigrant status and duration as a predictor of homeownership. At the sametime, income effects are similar across models.

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  • Gary Painter, 2000. "Tenure Choice with Sample Selection: A Note on the Differences among Alternative Samples," Working Paper 8647, USC Lusk Center for Real Estate.
    • Handle: RePEc:luk:wpaper:8647
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    File URL: http://lusk.usc.edu/sites/default/files/working_papers/wp_2000_1006.pdf
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    References listed on IDEAS

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    7. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
    8. Coulson, N. Edward, 1999. "Why Are Hispanic- and Asian-American Homeownership Rates So Low?: Immigration and Other Factors," Journal of Urban Economics, Elsevier, vol. 45(2), pages 209-227, March.
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    12. Painter, Gary & Gabriel, Stuart & Myers, Dowell, 2001. "Race, Immigrant Status, and Housing Tenure Choice," Journal of Urban Economics, Elsevier, vol. 49(1), pages 150-167, January.
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    Keywords

    tenure choice; housing demand;

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