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Your house just doubled in value? Don't uncork the champagne just yet!

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Author Info
Wenli Li
Rui Yao
Abstract

Wenli Li and Rui Yao present their recent research, which tries to quantify the effects of house-price changes on both consumption and the well-being of American households. Their study looks at the economy as a whole, as well as different demographic groups.

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File URL: http://www.philadelphiafed.org/research-and-data/publications/business-review/2006/q1/Q1_06_Housevalue.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Philadelphia in its journal Business Review.

Volume (Year): (2006)
Issue (Month): Q1 ()
Pages: 25-34
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Handle: RePEc:fip:fedpbr:y:2006:i:q1:p:25-34

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Related research
Keywords: Housing - Prices ; Consumption (Economics);

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Joshua Gallin, 2004. "The long-run relationship between house prices and rents," Finance and Economics Discussion Series 2004-50, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  2. Joao F. Cocco, 2005. "Portfolio Choice in the Presence of Housing," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 18(2), pages 535-567. [Downloadable!] (restricted)
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This page was last updated on 2009-12-12.

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