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The Relationship between Housing Price, Tenure Choice and Saving Behavior in Taiwan Authors: Li-Min Hsueh Start Page: 11 Abstract: The
purpose of this research is to empirically test whether house price
increases are an important factor in a household’s savings decisions and
whether housing tenure choice and savings behavior are inter-correlated in
Taiwan. Heckman's
two-stage procedure for correcting sample selection bias is used in the
estimation of savings function for homeowners and renters. Household
survey data from 1985, 1989 and 1993 are used to compare households'
saving behavior at different times.
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