Research Discussion Paper – RDP 2003-09 Housing Leverage in Australia

Contents

• Introduction
• The HILDA Dataset
• Preliminary Analysis
• Econometric Model and Results
• Conclusions
• Appendix A: Income Imputation and Results
• References

The authors thank Gianni La Cava for providing invaluable assistance with the imputation of household income for some respondents in the Household, Income and Labour Dynamics in Australia (HILDA) Survey, and Steven Stillman of the New Zealand Department of Labour for providing Stata code implementing our main estimation technique. We have benefited from helpful conversations with Alex Heath and other colleagues at the Reserve Bank, and from participants at the 2003 HILDA Conference. This paper would not have been possible without the hard work of the developers and sponsors of the survey. The views expressed in this paper are those of the authors and should not be attributed to the Reserve Bank.