Scandinavian Working Papers in Economics
Working Papers,
Copenhagen Business School, Department of Economics
No 3-2019: Intratemporal Nonseparability Between Housing and Nondurable Consumption:Evidence from Reinvestment in Housing Stock
Natalia Khorunzhina (nk.eco@cbs.dk)
Additional contact information
Natalia Khorunzhina: Department of Economics, Copenhagen Business School, Postal: Copenhagen Business School, Department of Economics, Porcelaenshaven 16 A. 1. floor, DK-2000 Frederiksberg, Denmark
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 consumption 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.
Keywords: Intratemporal Nonseparability; Housing; Nondurable Consumption
JEL-codes: C51; D12; D13; E21; R21
36 pages, May 14, 2019
Full text files
9729Full text
- Copenhagen Business School, Department of Economics
- Ordering Working Papers
- Home page for this series
Questions (including download problems) about the papers in this series should be directed to CBS Library Research Registration Team (research.lib@cbs.dk)
Report other problems with accessing this service to Sune Karlsson (sune.karlsson@oru.se).
RePEc:hhs:cbsnow:2019_003This page generated on 2024-09-13 22:14:19.