TY - JOUR
T1 - Inferring the distribution of households’ duration of residence from data on current residence time
AU - Anily, Shoshana
AU - Hornik, Jacob
AU - Israeli, Miron
PY - 1999/7
Y1 - 1999/7
N2 - Estimates of households' expected duration of residence are important to private and public decision makers. The common methods of estimation have been shown to be unreliable. This article presents a measurement framework for estimating total time of residence using five large sets of published government census data on the housing market. By developing a moving-behavior model, the distribution of total residence duration can be estimated from the census data on the age of current residency (i.e., time since moving into current residence). Among other results, we found that the average total residence duration for all U.S. households, 5.5 years, is about half the average age residence time, 10.7 years. This extended intertemporal model provides more reliable estimates for the age and expected duration of occupancy. Therefore, the model better explains and predicts housing-market behavior and also the demand for the many housing-related products and services.
AB - Estimates of households' expected duration of residence are important to private and public decision makers. The common methods of estimation have been shown to be unreliable. This article presents a measurement framework for estimating total time of residence using five large sets of published government census data on the housing market. By developing a moving-behavior model, the distribution of total residence duration can be estimated from the census data on the age of current residency (i.e., time since moving into current residence). Among other results, we found that the average total residence duration for all U.S. households, 5.5 years, is about half the average age residence time, 10.7 years. This extended intertemporal model provides more reliable estimates for the age and expected duration of occupancy. Therefore, the model better explains and predicts housing-market behavior and also the demand for the many housing-related products and services.
KW - Age/interarrival time of a renewal process
KW - Renewal theory
KW - Residential mobility
UR - http://www.scopus.com/inward/record.url?scp=0033415928&partnerID=8YFLogxK
U2 - 10.1080/07350015.1999.10524826
DO - 10.1080/07350015.1999.10524826
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AN - SCOPUS:0033415928
SN - 0735-0015
VL - 17
SP - 373
EP - 381
JO - Journal of Business and Economic Statistics
JF - Journal of Business and Economic Statistics
IS - 3
ER -