Optimal home purchase age and its determinants : a quantitative analysis

In view of the significant impacts of housing on both the individual utility and the macroeconomy, we formulate a dynamic life-cycle model that prescribes housing as a discrete choice variable to study the optimal age for individuals to purchase their first home and the various factors that influenc...

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Bibliographic Details
Main Authors: Lau, Chzee An, Ng, Kai Weng, Tan, Terence Kiat Hao
Other Authors: Tang Yang
Format: Final Year Project
Language:English
Published: 2017
Subjects:
Online Access:http://hdl.handle.net/10356/70033
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Institution: Nanyang Technological University
Language: English