THE SHIFTING DEMAND FOR HOUSING BY AMERICAN RENTERS AND ITS IMPACT ON HOUSEHOLD BUDGETS: 1940–2010*
研究了1940-2010年美国20个大城市租房者的住房消费变化，发现1970年后尽管租金上涨、收入下降，租房者的实际住房消费却意外增加，原因在于他们减少了食品、衣物和交通等其他必需品的支出。
ABSTRACT From 1940 to 1960 across 20 large U.S. cities, rental housing's price fell, renters’ incomes rose, rent's share in household budgets fell, and, as expected, renters’ real housing consumption increased. From 1970 to 2010, rental housing's price increased, renters’ incomes decreased, but, unexpectedly, renters’ real housing consumption increased. We find neither demographics nor housing supply factors account for the anomalous post‐1970 increase in renters’ housing consumption. We conclude that after 1970 there was a nationwide increase in renters’ preferences for housing consumption. With incomes falling, renters increased housing consumption by decreasing consumption of other necessities including food, clothing, and transportation.