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Household composition and housing expenditures in rental-occupied and owner-occupied markets

journal contribution
posted on 01.01.2008, 00:00 authored by Aydogan UlkerAydogan Ulker
This article examines the relationship between household compositions and housing expenditures in rental-occupied and owner-occupied markets. The author finds that renters allocate their budget proportionately between housing and nonhousing goods for an additional household member, leaving the budget share of housing expenditures unchanged. For homeowners, nevertheless, an extra member implies a reduction in housing expenditures as a share of total budget. Although age and gender compositions turn out to be significant in determining the budget share of housing expenditures for renters, they play no major role for homeowners. And although an increase in the number of working members for renters significantly reduces the share of budget spent on housing, it has no significant impact for their owner counterparts. Moreover, keeping total expenditures constant, the main income source of the head of the household does not make any difference in terms of resource allocation across housing and nonhousing goods for both renters and owners.

History

Journal

Family and consumer sciences research journal

Volume

36

Issue

3

Pagination

189 - 207

Publisher

John Wiley & Sons

Location

Hoboken, N.J.

ISSN

1077-727X

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2008, American Association of Family and Consumer Sciences

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