IDEAS home Printed from https://ideas.repec.org/a/pal/easeco/v42y2016i3p415-427.html
   My bibliography  Save this article

House Prices and Bequests

Author

Listed:
  • Edward C Hoang

    (Department of Economics, University of Colorado Colorado Springs, 1420 Austin Bluffs Parkway, Colorado Springs, CO 80918, USA)

Abstract

House price growth has been documented to have real effects on economic behavior through the availability of wealth gains. This paper examines the response of a specific source of bequests — life insurance death benefits — to changes in house prices for 50 US states and over the period 1977–2011. Our panel data analysis reveals that house price appreciation is associated with increases in life insurance death benefits. This result is consistent with wealth gains generated by house price appreciation being partially passed on in the form of bequests.

Suggested Citation

  • Edward C Hoang, 2016. "House Prices and Bequests," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 42(3), pages 415-427, June.
    • Handle: RePEc:pal:easeco:v:42:y:2016:i:3:p:415-427
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/eej/journal/v42/n3/pdf/eej201459a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/eej/journal/v42/n3/full/eej201459a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Begley, Jaclene, 2017. "Legacies of homeownership: Housing wealth and bequests," Journal of Housing Economics, Elsevier, vol. 35(C), pages 37-50.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:easeco:v:42:y:2016:i:3:p:415-427. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.