| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17127 |
| DP17127 Winners and Losers of House Price Booms and Busts | |
| Virginia Sánchez-Marcos; Hamish Low | |
| 发表日期 | 2022-03-22 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Fluctuations in house price generate substantial heterogeneity in the price of purchase of similar dwellings depending on the time of purchase. These differences in the price of purchase have large effects on life-time consumption and on income-net-of- housing-costs. We document these effects using the large house price fluctuations during the recent housing boom-bust in Spain. Households can mitigate these impacts through changing labor supply which we estimate using an IV strategy. Men work more in response to higher house prices, whereas the correlation of house prices and labor supply for women is driven by selection: households where women work more, buy more expensive houses. |
| 主题 | Macroeconomics and Growth |
| 关键词 | House price fluctuations Labor supply Mortgage costs |
| URL | https://cepr.org/publications/dp17127 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546107 |
| 推荐引用方式 GB/T 7714 | Virginia Sánchez-Marcos,Hamish Low. DP17127 Winners and Losers of House Price Booms and Busts. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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