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題名 Saving and Housing of Taiwanese Households: New Evidence from Quantile Regression Analysis
作者 Lin,Chu-Chia ;Chen,Chien-Liang
貢獻者 政大經濟系
關鍵詞 housing;saving;quantile regression
日期 2007-06
上傳時間 24-Sep-2013 14:17:47 (UTC+8)
摘要 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.
關聯 Journal of Housing Economics, 16(2), 102-126
資料類型 article
DOI http://dx.doi.org/10.1016/j.jhe.2007.01.001
dc.contributor 政大經濟系en_US
dc.creator (作者) Lin,Chu-Chia ;Chen,Chien-Liangen_US
dc.date (日期) 2007-06en_US
dc.date.accessioned 24-Sep-2013 14:17:47 (UTC+8)-
dc.date.available 24-Sep-2013 14:17:47 (UTC+8)-
dc.date.issued (上傳時間) 24-Sep-2013 14:17:47 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/61085-
dc.description.abstract (摘要) 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.en_US
dc.format.extent 468010 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Journal of Housing Economics, 16(2), 102-126en_US
dc.subject (關鍵詞) housing;saving;quantile regressionen_US
dc.title (題名) Saving and Housing of Taiwanese Households: New Evidence from Quantile Regression Analysisen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1016/j.jhe.2007.01.001en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1016/j.jhe.2007.01.001en_US