Housing Tenure Choice and Housing Expenditures in the Czech Republic
Dagmar Špalková () and
Jiří Špalek
MUNI ECON Working Papers from Masaryk University
Abstract:
Choosing between rented housing and homeownership, the so called housing tenure choice, is a key decision made by each household. Therefore housing economists often seek an answer to the question which factors have an impact on this decision. The paper investigates potential tenure choice determinants using an econometric model based on the sample data. Results of the analysis, making use of the investigation of EU-SILC in the CR, have testified to the fact that tenure choice is affected by the factors similar to those in other countries – household income, marital status of the household head and household size (persons per household). By contrast, the influence of other demographic characteristics of the household head (gender or age) has not been confirmed. The econometric model has also made it possible to evaluate potential impact of these factors on housing related expenses of households. In addition to the logical influence of household income, tenure choice decisions are significantly influenced by household size and residence in Prague, particularly in the rented housing sector.
Keywords: Housing; tenure; choice; expenditures; determinants (search for similar items in EconPapers)
JEL-codes: D12 P36 R21 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2013-08, Revised 2013-08
New Economics Papers: this item is included in nep-dcm, nep-eur, nep-tra and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
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Persistent link: https://EconPapers.repec.org/RePEc:mub:wpaper:11
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