We are happy to invite you to a BICEPS/SSE Riga research seminar, which will take place on Thursday, February 16, at 17:00 at SSE Riga, room 411.
We are delighted to welcome Ellam Kulati as the speaker. Ellam is a PhD Scholar at the Centre for Economic Analysis (CenEA, Poland) and a Quantitative Psychology and Economics PhD candidate at the University of Warsaw.
Speaker: Ellam Kulati (Centre for Economic Analysis (CenEA), University of Warsaw, Quantitative Psychology and Economics (QPE))
Title: Ageing and Urban Demand for Existing Homes
Time: Thursday, February 16, 17:00
Venue: SSE Riga, room 411
How does demographic ageing translate into the housing market? Despite the popularity of hedonic models in housing demand studies, situations where quantity changes better reflect demand adjustments have previously been identified. Using uniquely compiled data on 65 Polish city districts, spanning from 2010 to 2020, this paper interrogates price and turnover as measures of demand while empirically determining the demand adjustment patterns rendered by an ageing population. Results from the implemented spatial panel models reveal an inverse relationship of ageing to the demand for homeownership, predominantly reflected in price relative to quantity responses. The findings are robust to non-spatial model specifications.