Housing wealth in Norway, 1993–2015

Andreas Fagereng, Martin B. Holm & Kjersti Næss Torstensen

Journal of Economic and Social Measurement 

Cover of Journal of Economic and Social Measurement

Published in:

Journal of Economic and Social Measurement , vol. 45, no. 1, pp. 65-81, 2020

DOI: 10.3233/JEM-200471 

Abstract

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.

Published June 30, 2021 12:57 PM - Last modified June 30, 2021 12:57 PM