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Appendix A: Demand Estimates for White Households by Life Cycle

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Appendix A: Demand Estimates for White Households by Life Cycle This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: An Econometric Analysis of the Urban Housing Market Volume Author/Editor: Mahlon R. Straszheim Volume Publisher: NBER Volume ISBN: 0-870-14512-6 Volume URL: http://www.nber.org/books/stra75-1 Publication Date: 1975 Chapter Title: Appendix A: Demand Estimates for White Households by Life Cycle Chapter Author: Mahlon R. Straszheim Chapter URL: http://www.nber.org/chapters/c0984 Chapter pages in book: (p. 174 - 186) APPENDIX A: DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE The following tables present estimates of the demand equations developed in Chapter 4 for each of sixteen life-cycle classes. Definitions of independent and dependent variables are given in the text on pages 97 and 98. TABLE A.l PROBABILITY OF OWNERSHIP Q1 = + F3 in Y+ I2 in (P0 WN/PRENT) Incremental Life-Cycle Class Income r31 Price of Owning 2 Single, alone .762a — Single, with others .582 — .889a Separated, no children .175k .72la Separated, children •545a — Married, head <30, no children 1. l89 —1 .257 a Married, head <30, 1 child .848 a — .606 a Married, head <30, 2+ children .701 a — Married, head 30—39, no children .487a — .517a Married, head 30-39, 1 child .396 a — .428 Married, head 30-39, 2+ children .232 a — .209a Married, head 40-49, no children .l58 103 Married, head 40-49, 1 child .1 17 — . l09 Married, head 40-49, 2+ children . l14 — .082 Married, head 50+, no children .147a Married, head 50+, 1 child .060 — . iosa Married, head 50+, 2+ children .132a —.055 a Significant at .05 level. btratio greater than one. 174 DEMAND ESTIMATES FOR WHITE HOUSEHOLDS BY LIFE CYCLE 175 TABLE A.2 DWELLING-UNIT SIZE, OWNERS (ROOMS) Q2 = Y PR2 Life-Cycle Class Income 13 Price 2 Single, alone .0425 —.1204 Single, with others .0761a —.2404 Separated, no children •0864 — •0878b Separated, child

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