| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8606 |
| 来源ID | Working Paper 8606 |
| Comparing Wealth Effects: The Stock Market Versus the Housing Market | |
| Karl E. Case; Robert J. Shiller; John M. Quigley | |
| 发表日期 | 2001-11-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years and a panel of U.S. states observed quarterly during the 1980s and 1990s. We impute the aggregate value of owner-occupied housing, the value of financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regressions relating consumption to income and wealth measures, finding a statistically significant and rather large effect of housing wealth upon household consumption. |
| 主题 | Macroeconomics ; Consumption and Investment ; Financial Economics ; Financial Markets |
| URL | https://www.nber.org/papers/w8606 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566212 |
| 推荐引用方式 GB/T 7714 | Karl E. Case,Robert J. Shiller,John M. Quigley. Comparing Wealth Effects: The Stock Market Versus the Housing Market. 2001. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8606.pdf（193KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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