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Title: Saving and Housing of Taiwanese Households: New Evidence from Quantile Regression Analysis
Authors: Lin,Chu-Chia;Chen,Chien-Liang
Contributors: 政大經濟系
Keywords: housing;saving;quantile regression
Date: 2007-06
Issue Date: 2013-09-24 14:17:47 (UTC+8)
Abstract: The main purpose of this paper is to examine the relationship between housing and saving of the household with quantile regression. By employing household survey data of Taiwan, this study focuses on the saving behavior across different levels of annual savings. It is not surprise to see that saving propensity various across the whole range of savings level. The results show that marginal effects of permanent income on savings is increasing as savings increase. Since income and saving is positively correlated, it is explicit that higher incomes results in higher savings and obviously the estimates of OLS model can’t provide complete picture of saving behavior. For low savers (savings below the first quartile) permanent income plays no role in explaining saving propensity. Besides, owners and renters tend to save less than the household with borrowed or issued housing while their saving propensity are convex across saving levels.
Relation: Journal of Housing Economics, 16(2), 102-126
Data Type: article
DOI 連結:
Appears in Collections:[經濟學系] 期刊論文

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