An analysis of housing expenditure using semiparametric cross-section models

Bertrand Melenberg (), Arthur van Soest () and Erwin Charlier

Empirical Economics, 2000, vol. 25, issue 3, 437-462

Abstract: In this paper we model expenditure on housing for owners and renters by means of endogenous switching regression models using cross-section data. We explain the share of housing in total expenditure from family characteristics and total expenditure, where the latter is allowed to be endogenous. We apply various existing parametric and semiparametric techniques for cross-section data. Exogeneity of total expenditure is rejected for the parametric models but not for most semiparametric models. The results are compared on the basis of budget elasticities and graphs of the estimated relationship between the budget share spent on housing and the logarithm of total expenditure.

Keywords: sample; selection; ·; Engel; curves; ·; semiparametric; cross-section; models (search for similar items in EconPapers)
JEL-codes: C14 R21 (search for similar items in EconPapers)
Date: 2000-08-10
Note: received: November 1997 / Final version received: January 2000
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Citations: View citations in EconPapers (9)

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