Mahlon R. Straszheim

English

Research Papers in Economics

This PDF is a selection from an out-of-print volume from the National
Bureau of Economic Research
Volume Title: An Econometric Analysis of the Urban Housing Market
Volume Author/Editor: Mahlon R. Straszheim
Volume Publisher: NBER
Volume ISBN: 0-870-14512-6
Volume URL: http://www.nber.org/books/stra75-1
Publication Date: 1975
Chapter Title: Appendix A: Demand Estimates for White Households
by Life Cycle
Chapter Author: Mahlon R. Straszheim
Chapter URL: http://www.nber.org/chapters/c0984
Chapter pages in book: (p. 174 - 186)APPENDIX A:DEMAND ESTIMATES FOR WHITE
HOUSEHOLDS BY LIFE CYCLE
Thefollowing tables present estimates of the demand equations
developed in Chapter 4 for each of sixteen life-cycle classes. Definitions
of independent and dependent variables are given in the text on pages
97 and 98.
TABLE A.l
PROBABILITY OF OWNERSHIP
Q1 =+F3 in Y+ I2 in (P0 WN/PRENT)
Incremental
Life-Cycle Class
Income
r31
Price of
Owning
2
Single, alone .762a —
Single, with others .582 — .889a
Separated, no children .175k .72la
Separated, children •545a —
Married, head <30, no children 1. l89 —1 .257 a
Married, head <30, 1 child .848 a — .606a
Married, head <30, 2+ children .701 a —
Married, head 30—39, no children .487a — .517a
Married, head 30-39, 1 child .396 a — .428
Married, head 30-39, 2+ children .232 a — .209a
Married, head 40-49, no children .l58 103
Married, head 40-49, 1 child .1 17 — . l09
Married, head 40-49, 2+ children . l14 — .082
Married, head 50+, no children .147a
Married, head 50+, 1 child .060 — . iosa
Married, head 50+, 2+ children .132a —.055
a Significant at .05 level.
btratio greater than one.
174DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE 175
TABLE A.2
DWELLING-UNIT SIZE, OWNERS (ROOMS)
Q2 =Y PR2
Life-Cycle Class
Income
13
Price
2
Single, alone .0425 —.1204
Single, with others .0761a —.2404
Separated, no children •0864 — •0878b
Separated, children .0423a —.1104
Married, head <30, no children .1026a —. 1292
Married, head <30, 1 child .0761 a — .13051)
Married, head <30, 2+ children .1001 a —.
Married, head 30-39, no children .0628a 1192b
Married, head 30-39, 1 child .1l93a .lo84 •
Married, head 40-39, 2+ children .1653a
Married, head 40-49, no children .1436a Th1405b
Married, head 40-49, 1 child .1365a .1332
Married, head 40-49, 2+ children .1838a
Married, head 50+, no children .1682a 1502
Married, head 50+, 1 child .1567k —. 1002a
Married, head 50+, 2+ children .2571a •0905
a5jjfjfl at .05 level.
bt-ratiogreater than one.176 DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE
TABLE A.3
STRUCTURE AGE, OWNERS (YEARS)
Q= I30Y'PI32(PA)3(PI)B4
' IncrementalIncremental
. Price of Price of Price of
Standard Newer Larger
Income Bundle Unit Lot
Life-Cycle Class 13 132 133 134
Single, alone —.3519k .4816a 1.1301 —.7532
Single,with others _.3460a .3912" .8224 2.1288a
Separated, no
children —.l306 2475k 7588b .0207
Separated, children —.0507 .6981 .6689 2.3505a
Married, head <30,
no children —.0594 .0521 .6423 .2663
Married, head <30,
1child —.0704 .2182" 2.4750a .6887
Married, head <30,
2+children _.2828a 2387b .1499 1.9788k
Married, head 30-39,
nochildren —.3062a .4914a —.2137 .0340
Married, head 30-39,
1child —.1720k .270P 1.4390B .8792a
Married,head 30-39,
2+ children _.2200a .4168a .7198a 3250b
Married,head 40-49,
nochildren —.1668k .2319a 1.4154a 5655b
Married,head 40-49,
1 child _.1734a 0998b •45a 8758b
Married,head 40-49,
2+children _.18428 .2804a 1.5451a 1.2378a
Married,head 50+,
nochildren _.2039a .2516a l.0868a
Married, head 50+,
Ichild —.1899k .2369b .5508 8358b
Married,head 50+,
2+children —.0549 •4746a .2616 —.6985
aSjgjcafltat.05 level.
btratio greater than one.DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE 177
TABLE A.4
PROBABILITY STRUCTURE AGE POST-1940, OWNERS
Q4 =130 +13InY+ 132 in P+ 133in(PA2)+ 3 in(PL1)
IncrementalIncremental
Price of Price of Price of
Standard Newer Larger
Income Bundle Unit Lot
Life-Cycle Class [3 132 13 13
Single, alone .2487a ._.2828a _1.4831a —.2223
Single, with others .i187" _.2394b ..6624" .98l5"
Separated,no
children 0516b _.i927a _3846b .1732
Separated, children —.0048 _.4038a —.79i6" _l.6446a
Married, head <30,
no children —.0249 —.2315a .2022 —.1476
Married, head <30,
I child .0227 —.1107 —.3442"
Married, head <30,
2+-children .0i46 —0369" 3820b _M8la
Married, head 30-39,
no children —.0007 —.1302" —3505b — .0854
Married, head 30-39,
1 child _0300b _.i422a 4745b
Married,head 30-39,
2+ children —.0002 —.l559 l868" —.2696a
Married,head 40-49,
no children 0306" _.15338 _.3285a_22b
Married,head 40-49,
1child 0332" ....0712b _.61l4a _2809b
Married,head 40-49,
2+children .0122 _.1268a _.34l2a —.1069
Married,head 50+,
no children .0746a —. 1667 —5O97 —2717b
Married,head 50+,
1child 0510b —. 5553b _.7322a
Married, head 50+,
2+ children —.0063 —. 1979 .0405 —.4463"
a Significant at .05 level.
bt-ratiogreater than one.178 DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE
TABLE A.5
PROBABILITY STRUCTURE AGE POST-1960, OWNERS
Q5 = 13 + 13 InY+ 132 in P+ j33in(PA1) +1341n(PL1)
IncrementalIncremental
Price of Price of Price of
Standard Newer Larger
Income Bundle Unit Lot
Life-Cycle Class 13 132 13 13
Single, alone .090O —.1265b _3589b .4254b
Single,with others .08871) —.0774 _•7425b — •5953b
Separated,no
children .0447a .0018 —.1632 .1213
Separated, children .0078 —.i779 —.2394 —.2689
Married, head <30,
no children —.0348 .1180 —.2846 .0560
Married, head <30,
1child —.0208 _•1058b _l.3403a —.2913
Married, head <30,
2+ children .1648a _y98b —.0051 _.78l0a
Married,head 30-39,
nochildren .1566a .0699 .3139
Married,head 30-39,
1 child •Ø544a 0808b 4144b _3992b
Married,head 30-39,
2+ children .1376a _.1520a _2650b —.0606
Married, head 40-49,
no children .0486a —.0322 —.5069a —.2228
Married, head 40-49,
1 child .0630a —.0005 —.7l75a —3706b
Married,head 40-49,
2+children Ø997 —.lO46 _.5461a —.6757a
Married, head 50+,
no children .059P .06o1 _.3090a .0345
Married, head 50+,
1 child .0580" —.0693 —.2096 .0994
Married,head 50+,
2+ children .0299 —.1674 .0207 .8253"
at .05 level.
bt-ratiogreater than one.DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE 179
TABLE A.6
LOT SIZE, OWNERS (ACRES)
Q6= 13YB1 pB2(PA1)B,(PL1)B4
IncrementalIncremental
Price of Price of Price of
. Standard Newer Larger
Income Bundle Unit Lot
Life-Cycle Class 2 13 14
Single, alone .2015° _.2M2b —1.1544" _10201b
Single,with others .3092° .8147° _11602b _1•3822b
Separated,no
children .1330° _3759a —1.4323" _1.8074a
Separated, children .0522 .2619a —.5140 2.1977°
Married, head <30,
no children .2640° —.3782 11189b —2.9636°
Married, head <30,
1 child —.0149 —.1905" .1432 —.5538"
Married,head <30,
2+ children .1387° _1178b —.2650 1.2323°
Married,head 30-39,
no children _2117b .6107 —.5282
Married, head 30-39,
1 child .3448° _.1820a 4574b —1.072"
Married,head 30-39,
2+ children .2939° —.1002° 2134b —.5316°
Married,head 40-49,
nochildren .3070° —.2255° 3810b
Married, head 40-49,
1child .3541° —.1789° —.0004 —1.0684°
Married,head 40-49,
2+children .4022° —.0702" .5196" —1.4017°
Married,head 50+,
nochildren .3162a _.2149a _.7225a —1.236P
Married, head 50+,
ichild .4511° —.3507° .1464 —1.3716°
Married,head 50+,
2+ children .4643° —.4717° —.5492" .7035
asig,icantat .05 level.
bt-ratiogreater than one.180 DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE
Income
Life-Cycle Class 13,
Single, alone
Single, with others
Separated, no
children
Separated, children
Married, head <30,
no children
Married, head <30,
I child
Married, head <30,
2+ children
Married, head 30-39,
no children
Married, head 30-39,
1child
Married, head 30-39,
2+ children
Married, head 40-49,
no children
Married, head 40-49,
I child
Married, head 40-49,
2 + children
Married, head 50+,
nochildren
Married, head 50+,
1 child
Married, head 50+,
2+ children
aSigicant at .05 level.
bt-ratiogreater than one.
TABLE A.7
PROBABILITY LOT SIZE LESS THAN .2 ACRE, OWNERS
Q7 = I3 +I3lnY+12 InP+133 In
Price of
Standard
Bundle
132
.2090"
.3248
a
(PL1) +134In(PA1)
_______
IncrementalIncremental
Price of Price of
Larger Newer
Lot Unit
133
_________
(34
1.5755" .4902
2.1414a —.6605
5793 .3832a
.1850 .1568
— .0321
—.0324"
.0639"
.0401
—.0352"
.0083
—o6lla
—0482
—0576
—Ø49Q
—o575a
—.os8sa
-.looi,a
—.0840a
.3242a
.2 162 a
.1590 —.1884
.2189a .2379 —.1257
.0811a .4030a .0443
.0143 .7402a —.1019
.1525a 2383b
.1208a .0764 .2409a
.1846a —.1110 .1643
.0617" .1877 .1009
.0988 .29l2a
.1804a .4l24a .2881a
.2937a 4175b — .2422
.2647a .2217DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE 181
TABLEA.8
PROBABILITY LOT SIZE GREATER THAN .3 ACRE, OWNERS
Q8=P+ p11nY+1321nP+ 133ln(PL2)+ 1341n(PA1)
IncrementalIncremental
Price of Price of Price of
Standard Larger Newer
Income Bundle Lot Unit
Life-Cycle Class 13 2 P3 P4
Single, alone .1012 —.0861 —.2221 —.4841
Single, with others •Ø739b — .0820 —.4434 —.1617
Separated;no
children —.0010 —.0384 —.3644" —.2642
Separated, children .2137 —.0080 _.7892a _1.1214a
Married, head <30,
no children .206& —.3863 a .1188 1.1345
Married, head <30,
1 child .0853" _1337b .0481 .1672
Married, head <30,
2+ children .0126 _.6192a —.0223
Married, head
30-39, no children .1292a —.1380b —.1809 .4478
Married, head
30-39, 1 child .0648a —.1371" —.2942"
Married, head
30-39, 2+ children .1118 —.0548" .2055" .0270
Married, head
40-49, no children .0458a .0086 .0391 — .3695"
Married, head
40-49, 1 child .0760a —.0504
—.4918" —.1532
Married, head
40-49, 2+ children .1155a _0492b _.6134a .0418
Married,head 50+,
no children Ø943 —.0745a — 3049k —3433
Married,head 50+,
1 child .1456a _1165b _1.1062a 044)3
Married, head 50+,
2+ children .1239a _1082b .0468 .3949
aSjg.:Jicaflt at .05 level.
bt-ratiogreater than one.182 DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE
TABLEA.9
PROBABILITY LOT SIZE GREATER THAN .5 ACRE, OWNERS
Q9=130+1311nY+132lnP+1331n (PL3)+1341n (PA1)
IncrementalIncremental
Price of Price of Price of
Standard Larger Newer
Income Bundle Lot Unit
Life-Cycle Class (3 132 133 134
Single, alone .0860a —.0187 .1229 .0791
Single, with others .ll70 _.2379a .0580 —.4851"
Separated,no
children .0594a —.0207 —.1407b — .4541
Separated, children .0223 —.0503 —.0558 —.0974
Married,head <30,
no children .0830" —.0030 —.0164 —.1153
Married, head <30,
1 child .0289 —.0169 —.0377 —.0017
Married,head <30,
2+ children .0582a —.0071 .0115 .0211
Married, head
30-39, no children .0448" —.0624" —.0097 •4415b
Married,head
30-39, 1 child .1720a —.0507 .1967
Married,head
30—39, 2+ children .12288 .0021 —.0725" —.1086
Married,head
40-49, no children .13318 .0467" —.0207 —.1063
Married, head
40-49, 1 child .1613a 0533b .0478 —.0423
Married, head
40-49,2+ children .1656a 0481" —.0907 _.3175a
Married,head 50+,
nochildren .11878 —.0122 —.0764"
Married,head 50+,
1 child .17048 —.0371 .0987 —.0405
Married, head 50+,
2+ children .1521 a —.0281 .0960
—6266b
aSignificant at .05level.
btratio greater than one.DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE 183
TABLE A.10
STRUCTURE SIZE, RENTERS (ROOMS)
Q2 = P (Y)B1 (RR)B2(RA2) B,
IncrementalIncremental
Price of Price of
Adding Newer
Income Room Unit
Life-Cycle Class 13 P2 P3
Single, alone .1859a •3822b
Single, withothers .093P .2332
Separated, no children .0602a ThlO4Sb —.2118
Separated, children .0756a .0969 — .2265
Married, head <30,no children •Ø949a — .2206a — .2374
Married, head <30,1 child •0693a .0821 — .0813
Married, head <30,2+ children .1016a m1091" .1343
Married, head 30-39, no children .0926a —.0016 — 6535b
Married, head 30-39, 1 child •0627" .0925 .2149
Married, head 30—39, 2+ children .1133a —.0370 •3211b
Married, head 40-49, no children .0612" .0313 .0795
Married, head 40-49, 1 child .2220a — .0555 .5946"
Married, head 40-49, 2+ children .1497a .1722 —.1433
Married, head 50+, no children . 1439k — .0842" — .2664
Married, head 50+, 1 child .1796a —.0853 .9192
Married, head 50+, 2+ children .0881 .4013
aSjgfjcaflt at .05 level.
btratio greater than one.184 DEMANDESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE
TABLE A.11
STRUCTURE AGE, RENTERS (YEARS)
Q313Y' Ra2(RA2)3
Incremental
Price of Price of
Standard Newer
Income Bundle Unit
Life-Cycle Class 13, 132 133
Single, alone 1.3155a 3.6048a
Single, with others 1.6290a 3.2968a
Separated, no children — .4136a .0027 6.2973 a
Separated, children .2555a 7652b 2.7709a
Married, head <30, no children —.1710 2.7143a
Married, head <30, 1 child .3396a .9022a 2.3530a
Married, head <30, 2+ children —.1754" .1443 2.86I7a
Married, head 30-39, no children —.2470" .8113" 2.0560a
Married, head 30-39, 1 child —. 1939 .8284a l.2645a
Married, head 30-39, 2+ children — .3767a 6404b 1.9142"
Married, head 40-49, no children.5l00 l.6080a —1.7798
Married, head 40-49, 1 child —1.7267 6.5962a
Married, head 40-49, 2+ children — .5530a .9894" .9788
Married, head 50+, no children .8442a 2.5582a
Married, head 50+, 1 child —.1448 • —.2325 4.2427"
Married, head 50+, 2+ children —.1033 — .6696 10.1680a
aSjgnifjcaflt at .05 level.
bt-ratiogreater than one.DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE 185
TABLE A.12
PROBABILITY STRUCTURE AGE POST-1940, RENTERS
Q4 =+inY+f321n R +331n(RA2)
Incremental
Price of Price of
Standard Newer
Income Bundle Unit
Life-Cycle Class 13 132 13
Single, alone .1633a
Single, with others .1315a —l.l085
Separated, no children .1571a
Separated, children •0743" .0900
Married, head <30, no children .1475a .3940
Married, head <30, 1 child .l5l9a
Married, head <30, 2+ children .1175a .5840"
Married, head 30-39, no children .0564 — .7247a — .2202
Married, head 30-39, 1 child .1608" — •3869b — .2808
Married, head 30-39, 2+ children .l809a .1244 —.4120"
Married, head 40-49, no children .1202" — .2287" .0866
Married, head 40-49, 1 child .2061 a — .0756 .5630
Married, head 40-49, 2+ children
.•3o77a — .3590" .3917
Married, head 50+, no children .1259a .8451a
Married, head 50+, 1 child .0950 2.5545a
Married, head 50+, 2+ children .5367a 5840b
aSigicaflt at .05 level.
bt-ratiogreater than one.186 DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE
TABLE A.13
PROBABILITY STRUCTURE AGE POST-1960, RENTERS
Q5 =I3 +in Y+ 132 In R +33 ln(RA1)
Incremental
Price of Price of
. Standard Newer
Income Bundle Unit
Life-Cycle Class 13 t2 133
Single, alone .08858
Single, with others .1173a
Separated, no children .14768 —.0279
Separated, children . 1025k — .2591b — 9234b
Married, head <30, no children .19638 .0307 — .6041
b
Married, head <30, 1 child .13668 — 2378b — •7255b
Married, head <30, 2+ children .0200 .0066
Married, head 30—39, no children •1151b —.1602
Married, head 30—39, 1 child .12478
Married, head 30-39, 2+ children .10958 —.2578
Married, head 40-49; no children .2478a 12141b
Married, head40-49, ichild 1322b .68148
Married, head 40-49, 2+ children .1888a .5559
Married, head 50+, no children .10988 — •45398 — .3069
Married, head 50+, 1 child .0417 .0506 — .8925
Married, head 50+, 2+ children — .0463 — .1742
a5jgicant at .05 level.
bt-ratiogreater than one.

An Econometric Analysis of the Urban Housing Market

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