Intratemporal Nonseparability Between Housing and Nondurable Consumption

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Intratemporal Nonseparability Between Housing and Nondurable Consumption

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Title: Intratemporal Nonseparability Between Housing and Nondurable Consumption
Evidence from Reinvestment in Housing Stock
Author: Khorunzhina, Natalia
Abstract: Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households’ preferences. I find evidence in favor of intratemporal dependence between total nondurable consumption and housing. I reach a similar conclusion for some separate con-sumption categories, such as food and utility services. My findings also indicate households are more willing to substitute housing and nondurable consumption within a period than to substitute composite consumption bundles over different time periods.
URI: http://hdl.handle.net/10398/9729
Date: 2019-05-29

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