Article
The Relationship between Housing Price, Tenure Choice and Saving Behavior in Taiwan
Author
Start Page / End Page
Volume
Issue Number
Year
Publication
Li-Min Hsueh
11 / 33
3
1
2000
International Real Estate Review
Abstract
The purpose of this research is to empirically test whether house price increases are an important factor in a household’s savings decisions and whether housing tenure choice and savings behavior are inter-correlated in Taiwan.
Heckman’s two-stage procedure for correcting sample selection bias is used in the estimation of savings function for homeowners and renters. Household survey data from 1985, 1989 and 1993 are used to compare households’ saving behavior at different times.
