Intratemporal Nonseparability Between Housing and Nondurable Consumption

Evidence from Reinvestment in Housing Stock

Research output: Working paperResearch

Abstract

Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households’ preferences. I find evidence in favor of intratemporal dependence between total nondurable consumption and housing. I reach a similar conclusion for some separate consumption categories, such as food and utility services. My findings also indicate households are more willing to substitute housing and nondurable consumption within a period than to substitute composite consumption bundles over different time periods.
Original languageEnglish
Place of PublicationFrederiksberg
PublisherCopenhagen Business School [wp]
Number of pages35
Publication statusPublished - 2019
SeriesWorking Paper / Department of Economics. Copenhagen Business School
Number03-2019

Cite this

Khorunzhina, N. (2019). Intratemporal Nonseparability Between Housing and Nondurable Consumption: Evidence from Reinvestment in Housing Stock. Frederiksberg: Copenhagen Business School [wp]. Working Paper / Department of Economics. Copenhagen Business School, No. 03-2019
Khorunzhina, Natalia. / Intratemporal Nonseparability Between Housing and Nondurable Consumption : Evidence from Reinvestment in Housing Stock. Frederiksberg : Copenhagen Business School [wp], 2019. (Working Paper / Department of Economics. Copenhagen Business School; No. 03-2019).
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Intratemporal Nonseparability Between Housing and Nondurable Consumption : Evidence from Reinvestment in Housing Stock. / Khorunzhina, Natalia.

Frederiksberg : Copenhagen Business School [wp], 2019.

Research output: Working paperResearch

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