The Effects of Housing Push Factors and Rent Expectations on Household Formation of Young Adults

Zhu Xiao Di () and Xiaodong Liu ()
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Zhu Xiao Di: Harvard University, Joint Center for Housing Studies, 1033 Massachusetts Avenue, 5th Floor, Cambridge, MA 02138
Xiaodong Liu: Ohio State University, 315C Ramseyer Hall, 29 W. Woodruff Ave., Columbus, OH 43210

Journal of Real Estate Research, 2006, vol. 28, issue 2, pages 149-166

Abstract: Following a group of young adults aged 25–34 living with their parents in the American Housing Survey (AHS) data from 1985 through 1995, this paper investigates the effect of overcrowding and neighborhood satisfaction on household formation after controlling for local rental levels and their changes over time. Most of these except for local rent levels have not been tested before in models and hence this study enriches the knowledge on household formation and its consequent potential demand for rental and ownership housing units.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2006
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