Ageing population in Australia is exerting unprecedented changes in housing demand, location of housing and appropriate dwelling types. Availability of suitable, comfortable, affordable and accessible housing is important for older people, and will be a priority as the population in Australia ages. Current planning policy settings and reliance on market forces for housing provision is unlikely ...

Hedonic property value models have been frequently used to value environmental amenities (or dis-amenities) since markets for these goods (bads) do not usually exist. Typically, researchers cite Rosen’s (1974) seminal work that allows one to interpret functions of the hedonic regression coefficients as the marginal willingness to pay (MWTP) for the environmental good. This allows the results fr...

Recent dramatic declines in U.S. stock and housing markets have led to widespread speculation that shrinking retirement accounts and falling home equity will lead workers to delay retirement. Yet the weakness in the labor market and its impact on retirement are often overlooked. If older job seekers have difficulty finding work, they may retire earlier than expected. The net effect of the curre...

Previous microeconomic analyses of consumer choice in the housing market have either assumed the independence of irrelevant alternatives or have represented housing heterogeneity by some arbitrary aggregation of dwellings. This paper presents an empirical analysis of housing choice based upon individual households and dwellings which also estimates the degree of independence of neighborhood and...