Nonparametric Estimation of Households’ Duration of Residence from Panel Data

Nonparametric Estimation of Households’ Duration of Residence from Panel Data In this paper we present a method that estimates the total duration of permanency for residential households starting from the lengths of stay declared by families in a micro panel survey. Throughout this study Spanish data are taken from the European Household Panel established between 1994 and 2001. The inference is based on those households surveyed in 1994 and onwards, including those who moved into their 1994-current residence after 1979. The follow-up of the household is conducted until the house is vacated or the sample observed in (year 2001) is finalized. We distinguish amongst owners, renters, and rent-free occupants or squatters (others), since these groups of households are known to exhibit a different pattern regarding residence time. Our approach for estimation is purely non parametric. This is an interesting feature, since we show that the renewal processes which represent the households’ mobility have a non-constant rate over the period 1980–1994 for owners and rent-free occupants. This fact invalidates the method of inference based on the equilibrium equation proposed by Anily et al. J Bus Econ Stat 17:373–381, 1999) in order to estimate the lengths of stay in each household. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Journal of Real Estate Finance and Economics Springer Journals

Nonparametric Estimation of Households’ Duration of Residence from Panel Data

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Publisher
Springer Journals
Copyright
Copyright © 2007 by Springer Science+Business Media, LLC
Subject
Economics; Regional/Spatial Science; Financial Services
ISSN
0895-5638
eISSN
1573-045X
D.O.I.
10.1007/s11146-007-9102-2
Publisher site
See Article on Publisher Site

Abstract

In this paper we present a method that estimates the total duration of permanency for residential households starting from the lengths of stay declared by families in a micro panel survey. Throughout this study Spanish data are taken from the European Household Panel established between 1994 and 2001. The inference is based on those households surveyed in 1994 and onwards, including those who moved into their 1994-current residence after 1979. The follow-up of the household is conducted until the house is vacated or the sample observed in (year 2001) is finalized. We distinguish amongst owners, renters, and rent-free occupants or squatters (others), since these groups of households are known to exhibit a different pattern regarding residence time. Our approach for estimation is purely non parametric. This is an interesting feature, since we show that the renewal processes which represent the households’ mobility have a non-constant rate over the period 1980–1994 for owners and rent-free occupants. This fact invalidates the method of inference based on the equilibrium equation proposed by Anily et al. J Bus Econ Stat 17:373–381, 1999) in order to estimate the lengths of stay in each household.

Journal

The Journal of Real Estate Finance and EconomicsSpringer Journals

Published: Jan 24, 2008

References

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