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 … wealth have distributional consequences between those planning to sell their house and those planning to buy a house. Further …

The study primarily explores the linkage between wealth effects, arising from stock and housing market channels, and … household final consumption for 11 advanced countries over the period from 1970 Q1 to 2015 Q4. As a modelling strategy, we …–Hausman cointegration and Dumitrescu and Hurlin (2012) causality tests. The study provides various pieces of evidence through whole-panel …

consumption decisions. Despite the fact that measuring housing wealth is crucial for understanding households' economic behavior … data requirements while still meeting international guidelines. Our results suggest housing wealth in Mexico has followed … enables the calculation of other popular indicators concerning households, such as housing equity and household total net …

variables that is independent of confounding factors (such as economic conditions or household characteristics), it is difficult … financing scenarios. We vary down payment constraints, mortgage rates, and non-housing wealth. We find that a relaxation of down … payment constraints, or an exogenous increase in non-housing wealth, has large effects on WTP, especially for relatively …