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Khanam, B R (2000) Contributions of highway capital to output, cost, and productivity growth: Evidence from the Canadian goods-producing sector, Unpublished PhD Thesis, , York University (Canada).
Ostrovsky, Y (2003) Four studies of lifecycle patterns of housing arrangements in Canada, Unpublished PhD Thesis, , York University (Canada).
- Type: Thesis
- Keywords: residential; careers; estimating; lifecycle; Canada; time series; econometric; estimator
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/305286630
- Abstract:
This is an empirical study of different aspects of lifecycle housing choices of Canadians including the lifecycle dynamics of housing demand and residential mobility. The study consists of four essays. The first two essays explore trends in housing arrangements in Canada over the last 30 years and report estimates of lifecycle profiles of housing arrangements. Both employ a time-series of cross-sections and quasipanel methods to track cohorts through time. An important feature of quasipanel analysis is that it allows age profiles to be disentangled from cohort effects that represent intergenerational growth. The analysis is based on combined micro-data from multiple years of three different Canadian surveys (FAMEX, HIFE and SHS). Chapter 1 provides a basic exploration of Canadian housing careers. Chapter 2 focuses specifically on the path of the quantity of housing consumed and on the effect of changing household demographic characteristics on this age profile. The flow of housing consumption is modeled as a function of the housing stock (as measured by the number of rooms in a dwelling unit) and the size and composition of the household. The key result in this chapter is that demographically adjusted consumption of housing services, measured in several ways, seems to rise smoothly and continuously over the lifecycle. This contrasts with findings for non-durable consumption and has several interesting implications. For example, it may change our view of the literature that reports a “puzzle” of falling non-durable consumption with retirement. Chapters 3 and 4 focus on housing choices in later life and exploit true panel data that is newly available from Statistics Canada. Chapter 3 briefly reviews the debate in the literature about the role of housing wealth in the lifecycle consumption and savings plans of households, and in particular, whether older households use housing wealth to support general consumption during retirement. This chapter provides a detailed account of the patterns of the residential mobility, tenure and dwelling type transitions, as well as providing estimation results for a relatively simple panel data model that accounts for individual heterogeneity. Key findings are that the patterns of residential mobility of older adults in Canada are similar to the those of older adults in the US, UK and other developed countries and do not appear to be motivated by the desire to consume out of housing wealth. Finally, Chapter 4 considers a more sophisticated econometric approach and reports the results from estimating a dynamic discrete choice dependent variable panel data which allows unobserved individual effects to be correlated with explanatory variables. The chapter also offers a Monte-Carlo based assessment of the performance of Bover-Arellano [1997] random effects probit estimators employed in this chapter.