Imputation of Housing Rents for Owners Using Models With Heckman Correction
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Author (Corporation)
Publication date
2012
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Type
01A - Journal article
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Parent work
Survey Research Methods
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DOI of the original publication
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Series
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Volume
6
Issue / Number
2
Pages / Duration
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Publisher / Publishing institution
European Survey Research Association
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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 minimised 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.
Keywords
Selection bias, Statistics on Income and Living Conditions, imputed rents, survey data
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ISBN
ISSN
1864-3361
Language
English
Created during FHNW affiliation
Yes
Strategic action fields FHNW
Publication status
Published
Review
Peer review of the complete publication
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License
Citation
Hulliger, B., & Wiegand, G. (2012). Imputation of Housing Rents for Owners Using Models With Heckman Correction. Survey Research Methods, 6(2). https://doi.org/10.18148/srm/2012.v6i2.5028