Labor Supply and Housing Demand for One- and Two-Earner Households
在消费者需求框架中建模劳动力与住房决策的联合性,利用微观数据估计七类人口群体的行为,发现工作时长与住房消费相互依赖,且不同群体对市场信号的反应差异显著。
The jointness of labor and housing decisions is explicitly modelled in a consumer demand framework. Behavior of seven demographic groups differentiated by marital status, employment status and the presence of children is estimated from a micro data set. Results indicate that (1) decisions regarding work hours and housing consumption are interdependent choices and (2) responses to market signals differ significantly by demographic group. Results are likely to be superior to single equation studies or studies based on aggregate data.