I characterize how house price shocks affect consumption inequality using a life-cycle model of housing and non-housing …

We exploit a quasi-experiment to provide new evidence on the magnitude of the housing wealth effect. We estimate an … unexpectedly continued as a result of political bargaining. This source of price variation is ideal to identify housing wealth …

housing wealth e.ect. Stockholm's smaller city airport was expected to close in 2011 but its operating contract was …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive … changes in consumption. However, this might be a fallacy of composition. Such models ignore that changes in housing wealth …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing …

The common-factor hypothesis is one possible explanation for the housing wealth effect. Under this hypothesis, house … price appreciation is related to changes in consumption as long as the available proxies for the common driver of housing … and non-housing demand are noisy and housing supply is not perfectly elastic. We simulate a model in which a common factor …

assess the impact of financial deregulation on global wealth and on its different components (financial, housing and others) ... …

borrow for current consumption on the basis of their housing wealth, and the easing of borrowing constraints has often been … accompanied by sizeable withdrawal of housing equity. The analysis presented in the paper and a review of existing empirical work …

their global exposure to risk. Recent developments examine the role of housing on stockholding as another background risk …. This paper analyses the empirical link between stockholding and housing wealth within this framework. We use the French … find that an increase in the housing to net wealth ratio crowds out stock market investment for a given total financial …

This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets …-2017. Overall, wealth effects are found to be relatively large and significant for housing wealth, but less so for other types of …