重新评估住房市场匹配质量的季节性证据:Ngai和Tenreyro(2014)的复制

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Applied Econometrics Pub Date : 2022-08-25 DOI:10.1002/jae.2933

Dean Scrimgeour

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引用次数: 0

摘要

我重温Ngai和Tenreyro(2014)对美国住房调查(AHS)数据中季节性匹配质量的实证分析。Ngai和Tenreyro仅使用1999年的数据表明，在夏季购买的房屋占用时间更长，购买后不久进行的翻新次数更少，成本也更低，这表明在夏季市场更稠密时搬家的家庭的匹配质量更高。然而，将同样的方法应用于其他年份的AHS大大削弱了这些结果。此外，我在一个关键变量中记录堆积，即先前的移动月份，并实现多次imputation校正。Ngai和Tenreyro对持续时间的粗略衡量似乎在很大程度上克服了堆积带来的偏见。

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Reevaluating the evidence on seasonality in housing market match quality: Replication of Ngai and Tenreyro (2014)

I revisit Ngai and Tenreyro (2014)'s empirical analysis of seasonal match quality in American Housing Survey (AHS) data. Using 1999 data only, Ngai and Tenreyro show that homes purchased in the summer season are occupied longer and have fewer and less costly renovations soon after purchase, pointing to superior match quality for households who move house during the thicker summer market. However, applying the same methods to other years of the AHS substantially weakens these results. In addition, I document heaping in a key variable, the prior move month, and implement a multiple imputation correction. Ngai and Tenreyro's use of a coarsened measure of duration seems to largely overcome the biases that heaping introduces.

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来源期刊

Journal of Applied Econometrics Multiple-

CiteScore

3.70

自引率

4.80%

发文量

期刊介绍： The Journal of Applied Econometrics is an international journal published bi-monthly, plus 1 additional issue (total 7 issues). It aims to publish articles of high quality dealing with the application of existing as well as new econometric techniques to a wide variety of problems in economics and related subjects, covering topics in measurement, estimation, testing, forecasting, and policy analysis. The emphasis is on the careful and rigorous application of econometric techniques and the appropriate interpretation of the results. The economic content of the articles is stressed. A special feature of the Journal is its emphasis on the replicability of results by other researchers. To achieve this aim, authors are expected to make available a complete set of the data used as well as any specialised computer programs employed through a readily accessible medium, preferably in a machine-readable form. The use of microcomputers in applied research and transferability of data is emphasised. The Journal also features occasional sections of short papers re-evaluating previously published papers. The intention of the Journal of Applied Econometrics is to provide an outlet for innovative, quantitative research in economics which cuts across areas of specialisation, involves transferable techniques, and is easily replicable by other researchers. Contributions that introduce statistical methods that are applicable to a variety of economic problems are actively encouraged. The Journal also aims to publish review and survey articles that make recent developments in the field of theoretical and applied econometrics more readily accessible to applied economists in general.