A small macro econometric model for Kazakhstan: a retrospective of alternative economic policies undertaken during the transition process

Gilles Dufrénot (), Adelya Ospanova and Alain Sand-Zantman ()
Additional contact information
Adelya Ospanova: DEFI, Château Lafarge, Route des Milles, F-13290, Aix-en-Provence, Les Milles, France
Alain Sand-Zantman: Université de Lyon, Lyon, F-69007, France ; CNRS, GATE Lyon St Etienne,F-69130 Ecully, France

No 1344, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: The public housing sector provides housing units at below-market rents, potentially allowing its tenants to save for a downpayment more quickly than they would have otherwise. In this paper, we analyze the e-ffect of a spell in public housing on age at first-time homeownership using the French Housing Survey. We use a pseudo-panel approach that takes into account the speci-cities of the local housing market, to derive individual tenure transitions from multiple cross-sections data. Using an IV strategy to control for a potential selection into public housing, we jointly estimate public housing tenancy and duration before -first-time homeownership, and take into account unobserved heterogeneity. Our results indicate that a spell in public housing increases the hazard to homeownership, supporting the idea that, in France, the public housing policy provides an important pathway to homeownership.

Keywords: Transition economies; Kazakhstan; Macroeconomic stabilization; Central Asian CIS countries (search for similar items in EconPapers)
JEL-codes: O11 P20 P51 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-ure
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ftp://ftp.gate.cnrs.fr/RePEc/2013/1344.pdf (application/pdf)

Related works:
Journal Article: A small macro econometric model for Kazakhstan: a retrospective of alternative economic policies undertaken during the transition process (2014)
Working Paper: A small macro econometric model for Kazakhstan: a retrospective of alternative economic policies undertaken during the transition process (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:1344

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