To Sleep, Perchance to Dream: Prices for Funeral Homes in US States

Posted: 18 Nov 2016

See all articles by Paolo Canofari

Paolo Canofari

LUISS SCHOOL OF EUROPEAN POLITICAL ECONOMY; University of Teramo; University of Rome Tor Vergata - Department of Economics and Law

Date Written: November 17, 2013

Abstract

The need for a proper burial is widely felt. This paper makes use of an original data set to explore the relationship between the prices of cemetery plots and the prices of housing. It considers a simple model where the services from both real estate and funeral homes enter individuals’ utility function, and derives testable propositions in order to analyse the relation between housing when alive and after death. The services from funeral homes and from conventional housing are complements in the households’ utility. On the other hand, the services from funeral homes are an inferior good: a lower personal income is associated with higher grave prices.

Keywords: Funerary Homes, Housing Prices

JEL Classification: L85, R81, Z13

Suggested Citation

Canofari, Paolo, To Sleep, Perchance to Dream: Prices for Funeral Homes in US States (November 17, 2013). CEIS Working Paper No. 260, Available at SSRN: https://ssrn.com/abstract=2871135

Paolo Canofari (Contact Author)

LUISS SCHOOL OF EUROPEAN POLITICAL ECONOMY ( email )

VIA DI VILLA EMILIANI 14
ROME, Roma 00198
Italy

University of Teramo ( email )

Campus Coste S. Agostino
Via R. Balzarini 1, LocalitĂ  Colleparco
Teramo, TE 64100
Italy

University of Rome Tor Vergata - Department of Economics and Law ( email )

Rome, I-00133
Italy

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
218
PlumX Metrics