英文摘要 |
The effect of the male birth cohort on housing tenure choice and housing consumption in Taiwan is examined in this research, using census data for 1980, 1990 and 2000. We find that the earlier a man is born, the higher the probability that he is a home-owner, all other things being equal. The result for housing consumption is similar in the sense that the earlier birth cohort will have occupied a larger floor space. This finding reflects the fact that the highly scarce land resources have resulted in the rapid growth of real estate prices in Taiwan. The earlier cohorts have hence enjoyed the advantages of the preemption of land. This finding reflects an intergenerational inequity issue that merits careful consideration. We also find that it is important to estimate the tenure choice model and living space model simultaneously, as it gives rise to important differences in the results. |