Please use this identifier to cite or link to this item: https://doi.org/10.1177/0042098010380956
DC FieldValue
dc.titleLifetime income and housing affordability in Singapore
dc.contributor.authorAbeysinghe, T.
dc.contributor.authorGu, J.
dc.date.accessioned2014-05-05T10:25:45Z
dc.date.available2014-05-05T10:25:45Z
dc.date.issued2011-07
dc.identifier.citationAbeysinghe, T., Gu, J. (2011-07). Lifetime income and housing affordability in Singapore. Urban Studies 48 (9) : 1875-1891. ScholarBank@NUS Repository. https://doi.org/10.1177/0042098010380956
dc.identifier.issn00420980
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/52130
dc.description.abstractMost commonly used measures of housing affordability are essentially short-run indicators that compare current income with house prices or housing costs. Despite the emphasis in the literature on the importance of long-term affordability, researchers have not developed measures of lifetime income because of data constraints. Many developed countries publish annually household income by age of household heads. Using these data for Singapore, the paper presents a methodology to compute lifetime income from predicted annual household earnings over the working life for each birth cohort in the dataset. The lifetime income of Singapore households by three income quantiles sheds new light on widening income gaps. The affordability index, defined as the ratio of lifetime income to house price, reveals informative trends and cycles in housing affordability in both the public and the private sectors. The paper argues that residential property price escalations need to be avoided. © 2010 Urban Studies Journal Limited.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1177/0042098010380956
dc.sourceScopus
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1177/0042098010380956
dc.description.sourcetitleUrban Studies
dc.description.volume48
dc.description.issue9
dc.description.page1875-1891
dc.identifier.isiut000291427300006
Appears in Collections:Staff Publications

Show simple item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

23
checked on Jan 26, 2022

WEB OF SCIENCETM
Citations

19
checked on Jan 18, 2022

Page view(s)

198
checked on Jan 20, 2022

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.