Housing wealth in Norway, 1993–2015
Journal article, Peer reviewed
Accepted version
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Date
2020Metadata
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Original version
Journal of Economic and Social Measurement, 2020, vol. 45, no. 1, pp. 65-81, 10.3233/JEM-200471Abstract
We provide a new estimate of household-level housing wealth in Norway between 1993 and 2015 using an ensemble machine learning method on housing transaction data. The new housing wealth measure is an improvement over existing data sources for two reasons. First, the model outperforms previously applied regression models in out-of-sample prediction precision. Second, we extend the sample of estimated housing wealth by including cooperative units, non-id apartments, and cabins.
Description
Note: [1] The article should not be reported as representing the views of Statistics Norway or Norges Bank. The views expressed are those of the authors and do not necessarily reflect those of Statistics Norway or Norges Bank.