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TitleLife Cycle Mortgage Payment and Forced Saving
Creator林祖嘉
Lin,Chu-Chia ;Chen,Chien-Liang; Lin,Sue-Jing
Contributor政大經濟系
政大經濟系
Key WordsLife Cycle;Mortgage Payment;Forced Savings
Date2000-06
Date Issued9-Oct-2009 21:24:27 (UTC+8)
SummaryA common puzzling phenomenon over the household survey of Taiwan is
     that the renters` saving rate is higher than that of the owners`, while the latter
     has a higher average income than the former. One reason for this feature is
     that certain housing owners have to pay a greater amount of mortgage
     payment that is not included in saving. And on the other hand, the saving
     decision is correlated with the tenure decision, while the tenure decision is
     also correlated with the household`s life cycle, in addition to income. And
     therefore, when one tries to estimate the correct saving rate, he or she has
     to consider the household`s life cycle as well.
     In this study, we apply a data set of the household survey of Taiwan to
     investigate the correlation of life cycle, mortgage payment, and forced
     savings. First of all, we estimate the saving rate in a traditional way, and
     then estimate the saving rate after the adjustment of mortgage payment. To
     figure out the correct saving rate with the tenure decision, we evaluate
     different households` saving behaviors according to different cohorts, and
     consequently, we could check how life cycle plays its role in this model. And
     our finding is, that for every cohort, the forced savings is significant for
     owners with mortgage and for renters as well.
RelationInternational Real Estate Review,3(1),151-182
Typearticle
dc.contributor 政大經濟系-
dc.contributor 政大經濟系-
dc.creator (作者) 林祖嘉zh_TW
dc.creator (作者) Lin,Chu-Chia ;Chen,Chien-Liang; Lin,Sue-Jing-
dc.date (日期) 2000-06-
dc.date.accessioned 9-Oct-2009 21:24:27 (UTC+8)-
dc.date.available 9-Oct-2009 21:24:27 (UTC+8)-
dc.date.issued (上傳時間) 9-Oct-2009 21:24:27 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/37744-
dc.description.abstract (摘要) A common puzzling phenomenon over the household survey of Taiwan is
     that the renters` saving rate is higher than that of the owners`, while the latter
     has a higher average income than the former. One reason for this feature is
     that certain housing owners have to pay a greater amount of mortgage
     payment that is not included in saving. And on the other hand, the saving
     decision is correlated with the tenure decision, while the tenure decision is
     also correlated with the household`s life cycle, in addition to income. And
     therefore, when one tries to estimate the correct saving rate, he or she has
     to consider the household`s life cycle as well.
     In this study, we apply a data set of the household survey of Taiwan to
     investigate the correlation of life cycle, mortgage payment, and forced
     savings. First of all, we estimate the saving rate in a traditional way, and
     then estimate the saving rate after the adjustment of mortgage payment. To
     figure out the correct saving rate with the tenure decision, we evaluate
     different households` saving behaviors according to different cohorts, and
     consequently, we could check how life cycle plays its role in this model. And
     our finding is, that for every cohort, the forced savings is significant for
     owners with mortgage and for renters as well.
-
dc.format.extent 142763 bytes-
dc.format.mimetype application/pdf-
dc.language en_USen
dc.language.iso en_US-
dc.relation (關聯) International Real Estate Review,3(1),151-182en
dc.subject (關鍵詞) Life Cycle;Mortgage Payment;Forced Savings-
dc.title (題名) Life Cycle Mortgage Payment and Forced Savingen
dc.type (資料類型) articleen