An Empirical Analysis of the Housing Decisions of Older Homeowners

Peter VanderHart

Real Estate Economics, 1994, vol. 22, issue 2, 205-233

Abstract: This paper examines the effects of finanacial, demographic and housing variables on older homeowners' propensity to make a variety of housing changes. Pooled cross‐sectional data from the Panel Study of Income Dynamics is used in a multinomial logit framework. The results indicate that demographic factors are much more important than financial factors in explaining housing changes by older homeowners.

Date: 1994
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