Housing Consumption
The Engel curve of owner-occupied housing consumption
... role housing plays in the macroeconomy (Leamer 2007) to the link between house prices and debt (Mian and Sufi ...occupied housing seem particularly well worth investigating since they map the relationship ...
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Governance and sustainability in Glasgow : connecting symbolic capital and housing consumption to regeneration
... social housing and describe ideal types ...in housing terms is the modernisation of social housing via community ...of consumption by reconstructing tenants as active, empowered citizens who – ...
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Housing, Consumption, and Asset Pricing
... over housing services and other ...aggregates housing and other ...because housing consumption affects the marginal utility of numeraire (non-housing) ...between housing and other ...
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Does Home Owning Smooth the Variability of Future Housing Consumption?
... the consumption smoothing litera- ture by providing an important example of what Cochrane (1991) calls an “informal institution” that provides consumption ...insurance. Consumption smoothing has been ...
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The General Equilibrium Effects of Inflation on Housing Consumption and Investment
... In the 50 percent marginal rate bracket, when inflation reduces all real net returns except that of owner housing, households reduce bond holdings dramatically. They would[r] ...
14
The impact of housing consumption value on the spatial distribution of welfare
... When measuring net imputed rent, it is important to consider the underlying structures that exist in a country (Frick and Grabka, 2003; Norris and Winston, 2012). This requires detailed spatial micro data (Meen, 2012). ...
13
Housing, consumption and monetary policy: how different are the US and the euro area?
... private consumption is sluggish and muted in both economies, but is generally stronger in the US; this di¤erence is statistically signi…cant (see Table 5) and is quite consistent with the literature on the ...
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Intratemporal Nonseparability between Housing and Nondurable Consumption: Evidence from Reinvestment in Housing Stock
... from consumption and housing, a household’s optimization problem can be supplemented by one more restriction, namely, the one describing the optimal choice of reinvestment in housing ...for ...
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Intratemporal Substitution between Housing and Nondurable Consumption: Evidence from Reinvestment in Housing Stock
... on consumption expenditures expanded significantly in 1999 to include spending on healthcare, education and childcare, transportation, and ...these consumption categories, namely, spending on food, ...
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Consumption along the life cycle: how different is housing?
... and housing consumption in the case of no bequest motives and in the benchmark ...of housing and non-housing consumption have the similar shape, but the consumption of ...
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Consumption Over Life Cycle: How Different is Housing?
... 0). Consumption at age 50 relative to age 75 is ...postponing consumption is smaller. The profile of housing consumption, however, have a similar shape as in the benchmark ...of housing ...
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Housing growth: impacts on density, space consumption and urban morphology
... urban housing, either low- or high-rise, has over the last centuries been a typical response to recurring housing shortages in cities around the ...urban housing and ...of housing’ (Frampton ...
24
Housing Price and Upgrading of Consumption Structure of Urban Residents in China
... measure consumption structure in the future. The upgrading of consumption structure refers to the process in which residents’ consumption structure evolves and advances from a lower standard of ...
19
Housing Collateral, Consumption Insurance and Risk Premia: An Empirical Perpective
... the housing collateral ratio is low. This implies that the housing collateral ratio predicts aggregate stock returns over ...aggregate consumption growth shocks when collateral is scarce trade at a ...
56
Consumption, housing and financial wealth, asset returns, and monetary policy
... in consumption, aggregate wealth and labor income, cay, is a strong predictor of asset returns, as long as the expected re tu rn to hum an capital and consum ption growth are not too ...the housing m arket ...
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Consumption and Housing Wealth: A Malaysian Case that Demonstrates a Negative Relationship
... Indeed, this finding is somewhat similar to Phang (2004), where government intervention in the housing market leads to positive, but insignificant result. Different financial regulations may lead to a different ...
19
Housing Collateral, Consumption Insurance and Risk Premia: an Empirical Perspective
... of consumption growth across households and aggregate stock returns in their model to generate large risk premia, drawing on earlier work by Mankiw ...the consumption growth distribution and stock returns, ...
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Consumption, Wealth, Stock and Housing Returns: Evidence from Emerging Markets
... private consumption is Haver Analytics, with the exception of China, Hong Kong, Indonesia, and Singapore for which the data come from ...aggregate consumption and hence one cannot distinguish between ...
19
What Drives Personal Consumption?: The Role of Housing and Financial Wealth
... the housing wealth effect recently grew stronger in continental ...that housing wealth has become more liquid in that it is now easier and less costly to borrow against ...with housing wealth and ...
37
Credit, housing collateral and consumption: evidence from the UK, Japan and the US
... In Table 1, column 1 shows the text-book REPIH model with habits, equation (2.9) but omitting income uncertainty and the real interest rate, with highly significant estimates of net worth and income growth expectations ...
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