Competing survival analysis for housing relocation behaviour and risk aversion in a resilient housing market (Record no. 11598)

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Personal name Rashidi, Taha H
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Title Competing survival analysis for housing relocation behaviour and risk aversion in a resilient housing market
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Pages Vol 46, Issue 1, 2019,(122-142 p.)
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Summary, etc Residential relocation decision making is a complicated process, and modelling this complex course of actions requires careful scrutinisation of different aspects. The relocation decision comprises several different decisions, including the reason for the relocation, relocation timing, and attributes of the desired residence. Among these decisions needing to be taken, the reason for relocation and its timing are decided earlier than others. Depending on the variant reasons and motivations for relocating, its timing may be accelerated or decelerated. Relocation usually occurs because of a multiplicity of reasons, which necessitates using a multivariate model for relocation decision making that is jointly modelled with the timing decision. A competing accelerated failure model to jointly formulate these decisions. The housing search literature emphasizes on the importance of considering financial risk acceptance level of decision makers in residential relocation decision models. Therefore, a binary logit model is used to model whether the decision maker is financially risk averse or not. This paper used longitudinal data collected in Australia from the Household, Income, and Labour Dynamics in Australia Survey. Further, the impact of group decision making on residential relocation is captured in this paper through the information provided in Household, Income, and Labour Dynamics in Australia Survey regarding the manner in which decisions are made within households.
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Subject Competing hazard model,
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Subject financial risk aversion,
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Subject land use,
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Subject residential relocation
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Added Entry Personal Name Ghasri, Milad
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Host Biblionumber 11590
Host Itemnumber 15512
Place, publisher, and date of publication Sage 2019.
Title Environment and Planning B: Urban Analytics and City Science
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Uniform Resource Identifier https://doi.org/10.1177/2399808317703381
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Koha item type Articles
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