On the user cost and homeownership

By Antonia Díaz, M. Luengo-Prado. 2006

171 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/49683ae52e72f41a472db8c418706e6529bc2e49

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Citations in the corpus

The equilibrium effect of fundamentals on house prices and rents (2013, methodology): “Following the literature on housing choice (see, for example, Díaz and Luengo-Prado, 2008; Chatterjee and Eyigungor, 2009; Kiyotaki et al., 2011), the preferences over the consumption of non-durable goods ðcÞ and housing services (s) are modeled as non-separable of the form Uðc; s;h′Þ ¼ ð1−χIh′4…”
Liquidity versus Wealth in Household Debt Obligations: Evidence from Housing Policy in the Great Recession (2020, result): “1 percent, similar to the empirical estimates in Diaz and Luengo-Prado (2008) and Poterba and Sinai (2008), who find 5.3 percent and 6 percent, respectively. We choose baseline preference values of β = 0.96 for the discount factor and γ = 4 for the coefficient of relative risk aversion. Our choice o”
Why Has Home Ownership Fallen among the Young (2009, unknown): “This effect is analogous to impact of a firm’s revenue uncertainty on partially irreversible investment studied by Dixit and Pindyck (1994), Abel and Eberly (1996), and many others.”
CONSUMPTION AND SAVING OVER THE LIFE CYCLE: HOW IMPORTANT ARE CONSUMER DURABLES? (2011, background): “Other relevant papers include Martin (2003), Ortalo-Magne and Rady (2006), Li and Yao (2007), Diaz and Luengo-Prado (2008), Kiyotaki et al. (2008), and Iacoviello and Pavan (2009).”
Implications of US Tax Policy for House Prices, Rents, and Homeownership (2018, methodology): “D´ıaz and Luengo-Prado (2008) calculate the bias resulting from valuing owner-occupied housing services using rental equivalence as opposed to user cost in a dynamic partial equilibrium model where both house prices and rents follow exogenous processes.”