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frequency variation in technology. News shocks are positively correlated with consumption, stock price, and consumer confidence …
Persistent link: https://www.econbiz.de/10013156463
in which households face housing collateral constraints. An increase in the ratio of housing to human wealth loosens … equity decreases as a result. Feeding the historical time series of US housing collateral into the model replicates four … equity holders, especially in the 1990s. (3) The risk-free rate and the housing collateral ratio are strongly positively …
Persistent link: https://www.econbiz.de/10012778119
ranging from government quality to economic growth. Popular authors suggest that housing and architecture are important … determinants of social connection. This paper examines the connection between housing structure and social connection. We find that …
Persistent link: https://www.econbiz.de/10013223565
disease by promoting housing stability. Housing precarity, which includes both the risk of eviction and utility disconnections … infections rates could have been reduced by 8.7% and deaths by 14.8%. Housing precarity policies that prevent eviction and …
Persistent link: https://www.econbiz.de/10013249248
Recent empirical work in public finance uses the housing price response to public investments to assess the efficiency …
Persistent link: https://www.econbiz.de/10013036008
housing speculation during the U.S. housing boom in the 2000s. We find that housing speculation, anchored, in part, on … extrapolation of past housing price changes, led not only to greater price appreciation, economic expansions, and housing …
Persistent link: https://www.econbiz.de/10013324046
-cycle savings. In this paper we examine the role of housing prices in affecting the living arrangements of adult family members and … government rules determining the supply of land for residential housing, we find that increases in housing prices significantly … income, in part due to the subsidies to the young from sharing housing with parents. Based on our estimates of the effects of …
Persistent link: https://www.econbiz.de/10012863690
generally believed to be a dominant driving force. Motivated by a recent finding of a high housing vacancy rate in urban China …, particularly in their ownership of housing. Furthermore, we provide evidence that at the prefecture level, the size of redefined … migrants is significantly related to residential land supply, and to the proportion of households holding vacant housing units …
Persistent link: https://www.econbiz.de/10014102562
wealth. We find a statistically significant and rather large effect of housing wealth upon household consumption. This effect … recent volatility in asset markets - that the effects of declines in housing wealth in reducing consumption are at least as … large as the effects of increases in housing wealth in increasing the course of household consumption …
Persistent link: https://www.econbiz.de/10013128900
The last 15 years has brought forth an explosion of research on consumption-based asset pricing as a leading contender … for explaining aggregate stock market behavior. This research has propelled further interest in consumption-based asset … consumption-based asset pricing theories using formal estimation, hypothesis testing, and model comparison. In addition to …
Persistent link: https://www.econbiz.de/10013129191