沒有家庭收入的不確定性如何影響房屋的決定呢？從收入動態(tài)和消費支出調(diào)查小組研究中使用的數(shù)據(jù)，對自置居所比率顯著的負面影響了收入的不確定性，對家庭資產(chǎn)收入的比例，對房子的價值總財富的比例，住房的比例nonhousing消費。此外，負面影響是一個家庭的投資組合選擇模型，其特點大的住房交易成本和溫和的房價和收入之間呈正相關(guān)一致。

　　朱國鐘博士，光華管理學院應用經(jīng)濟學系助理教授。他本科畢業(yè)于復旦大學經(jīng)濟學系，后在德州農(nóng)機大學獲得金融和數(shù)學的碩士學位。2009年，他于德州大學奧斯丁校區(qū)獲得經(jīng)濟學博士學位。他現(xiàn)在的學術(shù)興趣主要在于宏觀經(jīng)濟、房地產(chǎn)經(jīng)濟、勞動經(jīng)濟、消費理論和投資理論。

　　How does households' income uncertainty affect housing decisions? Using data from the Panel Study of Income Dynamics and Consumer Expenditure Survey, this paper documents a significant negative effect of income uncertainty on the rate of home ownership, on the ratio of home equity to income, on the ratio of house value to total wealth, and on the ratio of housing to nonhousing consumption. In addition, this paper shows that the negative effect is consistent with a household portfolio choice model which features large housing transaction costs and moderate positive correlation between house price and income.在職研究生網(wǎng)