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|Longitudinal Study:||HILDA||Title:||Housing Wealth Effects: Evidence from an Australian Panel||Authors:||Windsor, Callan
|Issue Date:||Jul-2015||Pages:||552–577||Keywords:||household spending
|Abstract:||We explore the positive relationship between house prices and household spending by following a panel of Australian households. No evidence for ‘traditional housing wealth effects' is found, with young homeowners exhibiting the largest wealth effects. Young renters also exhibit a positive consumption response to house prices, although less so than young homeowners. This suggests that increasing house prices raise spending via easing credit constraints and a common association between house prices and a third factor. Results from a cohort-level panel are similar to those using household-level data, suggesting that ‘pseudo-panels' may be used as a partial substitute for actual panels.||URL:||http://onlinelibrary.wiley.com/doi/10.1111/ecca.12137/abstract||Keywords:||Income & Finance -- Financial Management (inc Budgeting); Families -- Households; Income & Finance -- Wealth||Research collection:||Journal Articles|
|Appears in Collections:||Journal Articles|
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