Housing Wealth and Consumption
نویسندگان
چکیده
منابع مشابه
Housing Wealth and Consumption: A Micro Panel Study
There is strong evidence that house prices and consumption are closely synchronized. There is, however, disagreement over the causes of this link. This paper examines if there is a wealth effect of house prices on consumption. We use a rich household level panel data set with information about house ownership, income, wealth, and demographics for a large sample of the Danish population in the p...
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This paper addresses the question of how changes in stock market wealth and housing wealth affect consumption expenditure in Australia. We approach the problem using a panel of Australian states, for which we construct data on housing and stock market wealth. We estimate the link between consumption and the components of wealth using panel-data estimation techniques, including fixed-effects ins...
متن کاملHousing and Wealth Accumulation:
It has long been argued that promoting homeownership among low-income households is worthwhile because owned housing may be an important source of savings for these families, and that children raised in owned housing are likely to be more successful well-adjusted members of society. This paper employs the Panel Study of Income Dynamics and a dynamic estimating technique to examine the effect of...
متن کاملHousing and Wealth Portfolios
The household's decision to invest in a home is complicated by the fact that owner-occupied housing plays a dual role as both a physical good generating housing services, and as a component of the wealth portfolio. For many homeowners, housing represents both the largest single element of the monthly expenditure, and the most important asset in the wealth portfolio. Given the availability of re...
متن کاملHousing Wealth and Consumption in the Chinese Urban Economy: Evidence from Micro-data
Being able to understand how housing wealth affects consumption behavior is very important to a developing economy. Particularly, the Chinese residential real estate market is especially hard to manage given the country’s large population base and rapid urbanization rate. Some previous researches have been done in this area using macro-data of China and found a small but positive housing wealth...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1912953