An Analysis of Housing Expenditure Using Semiparametric Cross-Section Models

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Abstract

In this paper we model expenditure on housing for owners and renters by means of endogenous switching regression models using cross-section data. We explain the share of housing in total expenditure from family characteristics and total expenditure, where the latter is allowed to be endogenous. We apply various existing parametric and semiparametric techniques for cross-section data. Exogeneity of total expenditure is rejected for the parametric models but not for most semiparametric models. The results are compared on the basis of graphs of the estimated relationship between the budget share spent on housing and the logarithm of total expenditure and on the baisi of budget elasticities.
Original languageEnglish
Place of PublicationTilburg
PublisherEconometrics
Number of pages26
Volume1997-15
Publication statusPublished - 1997

Publication series

NameCentER Discussion Paper
Volume1997-15

Fingerprint

Cross section
Expenditure
Elasticity
Parametric model
Exogeneity
Switching regression models
Semiparametric model
Owners
Graph

Keywords

  • sample selection
  • Engel curves
  • semiparametric cross-section models

Cite this

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title = "An Analysis of Housing Expenditure Using Semiparametric Cross-Section Models",
abstract = "In this paper we model expenditure on housing for owners and renters by means of endogenous switching regression models using cross-section data. We explain the share of housing in total expenditure from family characteristics and total expenditure, where the latter is allowed to be endogenous. We apply various existing parametric and semiparametric techniques for cross-section data. Exogeneity of total expenditure is rejected for the parametric models but not for most semiparametric models. The results are compared on the basis of graphs of the estimated relationship between the budget share spent on housing and the logarithm of total expenditure and on the baisi of budget elasticities.",
keywords = "sample selection, Engel curves, semiparametric cross-section models",
author = "E. Charlier and B. Melenberg and {van Soest}, A.H.O.",
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year = "1997",
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An Analysis of Housing Expenditure Using Semiparametric Cross-Section Models. / Charlier, E.; Melenberg, B.; van Soest, A.H.O.

Tilburg : Econometrics, 1997. (CentER Discussion Paper; Vol. 1997-15).

Research output: Working paperDiscussion paperOther research output

TY - UNPB

T1 - An Analysis of Housing Expenditure Using Semiparametric Cross-Section Models

AU - Charlier, E.

AU - Melenberg, B.

AU - van Soest, A.H.O.

N1 - Pagination: 26

PY - 1997

Y1 - 1997

N2 - In this paper we model expenditure on housing for owners and renters by means of endogenous switching regression models using cross-section data. We explain the share of housing in total expenditure from family characteristics and total expenditure, where the latter is allowed to be endogenous. We apply various existing parametric and semiparametric techniques for cross-section data. Exogeneity of total expenditure is rejected for the parametric models but not for most semiparametric models. The results are compared on the basis of graphs of the estimated relationship between the budget share spent on housing and the logarithm of total expenditure and on the baisi of budget elasticities.

AB - In this paper we model expenditure on housing for owners and renters by means of endogenous switching regression models using cross-section data. We explain the share of housing in total expenditure from family characteristics and total expenditure, where the latter is allowed to be endogenous. We apply various existing parametric and semiparametric techniques for cross-section data. Exogeneity of total expenditure is rejected for the parametric models but not for most semiparametric models. The results are compared on the basis of graphs of the estimated relationship between the budget share spent on housing and the logarithm of total expenditure and on the baisi of budget elasticities.

KW - sample selection

KW - Engel curves

KW - semiparametric cross-section models

M3 - Discussion paper

VL - 1997-15

T3 - CentER Discussion Paper

BT - An Analysis of Housing Expenditure Using Semiparametric Cross-Section Models

PB - Econometrics

CY - Tilburg

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