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https://doi.org/10.18148/srm/2012.v6i2.5028

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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
[journal article]

Hulliger, Beat
Wiegand, Gordon

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... view more

"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)... view less

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


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
Based on DSpace, Copyright (c) 2002-2022, DuraSpace. All rights reserved.