Housing wealth effect on consumption: Evidence from household level data

Sungwon Cho

Economics Letters, 2011, vol. 113, issue 2, 192-194

Abstract: This paper investigates the effect of house price changes on household consumption. Regression results indicate a positive and significant housing wealth effect for the high income households being offset by a negative wealth effect of the low income household group.

Keywords: Wealth effect; House price; Household consumption (search for similar items in EconPapers)
JEL-codes: E21 G1 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:113:y:2011:i:2:p:192-194

DOI: 10.1016/j.econlet.2011.07.011

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