SpletIn this paper, we develop a stochastic life-cycle model to investigate the efiects of house price changes on consumption and consumer welfare. In the model, a household faces … SpletBibTeX @MISC{Li06thelife-cycle, author = {Wenli Li and Rui Yao}, title = {The Life-Cycle Effects of House Price Changes }, year = {2006}}

The Life-Cycle Effects of House Price Changes - SSRN

Splet"The Life‐Cycle Effects of House Price Changes," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(6), pages 1375-1409, September. Aydilek, Asiye, 2016. "The allocation of time and puzzling profiles of the elderly," Economic Modelling, Elsevier, vol. 53(C), pages 515-526. SpletThe Life-Cycle Effects of House Price Changes We develop a life-cycle model that explicitly incorporates the dual feature of housing as both a consumption good and an investment asset. Our analy-sis indicates that the consumption and welfare consequences of house … lady platform sandals exporter

The Life-Cycle Effects of House Price Changes - Wiley Online Library

Splet01. jan. 2007 · The Life Cycle Effects of House Price Changes. Article. Jan 2007; Wenli Li; Rui Yao; We develop a life-cycle model to study the effects of house price shocks on household consumption and welfare ... Splet01. feb. 2007 · We develop a life-cycle model that explicitly incorporates the dual feature of housing as both a consumption good and an investment asset. Our analysis indicates … SpletIt is tempting to attribute the correlation between house prices and consumption to a direct housing wealth effect: increasing house prices increase homeowners' wealth, which in turn increases consumption. There are, however, several reasons not to make this attribution without further analysis. lady platform sandals supplier