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Imputation of housing rents for owners using models with Heckman correction

Die Anrechnung von Hauserträgen für Eigentümer unter Verwendung des Korrektur-Modells von Heckman
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Hulliger, Beat; Wiegand, Gordon

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Abstract "The direct income of owners and tenants of dwellings is not comparable since the owners have a hidden income from the investment in their dwelling. This hidden income is considered a part of the disposable income of owners. It may be predicted with the help of a linear model of the rent. Since such a model must be developed and estimated for tenants with observed market rents a selection bias may occur. The selection bias can be minimized through a Heckman correction. The paper applies the Heckman correction to data from the Swiss Statistics on Income and Living Conditions. The Heckman method is adapted to the survey context, the modeling process including the choice of covariates is explained and the effect of the prediction using the model is discussed." (author's abstract)
Keywords quantitative method; method; methodological research; homeowner; income; model; mathematical modeling
Classification Methods and Techniques of Data Collection and Data Analysis, Statistical Methods, Computer Methods
Document language English
Publication Year 2012
Page/Pages p. 95-103
Journal Survey Research Methods, 6 (2012) 2
ISSN 1864-3361
Status Published Version; peer reviewed
Licence Deposit Licence - No Redistribution, No Modifications