An Empirical Analysis of the Housing Decisions of Older Homeowners |
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Authors: | Peter G. VanderHart |
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Affiliation: | Bowling Green State University, Bowling Green, Ohio 43403 |
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Abstract: | This paper examines the effects of finanacial, demographic and housing variables on older homeowners' propensity to make a variety of housing changes. Pooled cross-sectional data from the Panel Study of Income Dynamics is used in a multinomial logit framework. The results indicate that demographic factors are much more important than financial factors in explaining housing changes by older homeowners. |
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