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Wealth Effects, Local Area Attributes, and Economic Prospects: On the Relationship between House Prices and Mental Wellbeing

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  • Anita Ratcliffe

Abstract

type="main"> This research exploits large variations in local house prices to investigate whether house prices correlate with mental wellbeing, and uses contrasting implications for the effect of house prices on the mental wellbeing of homeowners and renters to shed light on why this correlation might arise. I document a positive correlation between house prices and the mental wellbeing of both homeowners and non-homeowners, which is inconsistent with a pure wealth effect. Instead this finding suggests that local house prices provide a reflection of available amenities and economic opportunities in the area.

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  • Anita Ratcliffe, 2015. "Wealth Effects, Local Area Attributes, and Economic Prospects: On the Relationship between House Prices and Mental Wellbeing," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 61(1), pages 75-92, March.
  • Handle: RePEc:bla:revinw:v:61:y:2015:i:1:p:75-92
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    File URL: http://hdl.handle.net/10.1111/roiw.12075
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    Cited by:

    1. Nayan Krishna Joshi, 2016. "Local house prices and mental health," International Journal of Health Economics and Management, Springer, vol. 16(1), pages 89-102, March.
    2. repec:eee:socmed:v:192:y:2017:i:c:p:36-48 is not listed on IDEAS

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