Full Citation

Title: Who cares about relative status? A quantile approach to consumption of relative house size

Citation Type: Journal Article

Publication Year: 2016

ISBN:

ISSN:

DOI: 10.1080/13504851.2015.1066485

NSFID:

PMCID:

PMID:

Abstract: I estimate the willingness to pay (WTP) to live in a house near neighbours with relatively smaller (or larger) houses using housing transaction data. I find that consumers in the 50th and 75th percentile are willing to pay the most for an increase in relative housing consumption while consumers in the lower percentiles and the highest percentile yield a smaller, and statistically insignificant, WTP. This gives evidence to popular media reports that the middle class values relative status the most.

Url: http://www.tandfonline.com/doi/full/10.1080/13504851.2015.1066485

User Submitted?: No

Authors: Leguizamon, Susane

Periodical (Full): Applied Economics Letters

Issue: 5

Volume: 23

Pages: 307-312

Data Collections: IPUMS USA

Topics: Housing and Segregation, Other

Countries: