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How do housing wealth effects vary with age?


  • Elwin Tobing


This article investigates whether the housing wealth effect is constant across age. The data are drawn from the Panel Study of Income Dynamics (PSID) for the waves of 2001, 2003 and 2005. Using threshold estimation to endogenously split the sample by age group, we find three threshold age groups of 49, 55 and 65. Housing wealth has a significant and positive effect on the consumption for individuals aged 49 and 55 years, but a negative effect for individuals aged 65 years and older. If age is below 49 or between 55 and 65 years, the housing wealth effect is insignificant.

Suggested Citation

  • Elwin Tobing, 2012. "How do housing wealth effects vary with age?," Applied Economics Letters, Taylor & Francis Journals, vol. 19(7), pages 649-652, May.
  • Handle: RePEc:taf:apeclt:v:19:y:2012:i:7:p:649-652 DOI: 10.1080/13504851.2011.593491

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    1. Paldam, Martin, 2000. " Social Capital: One or Many? Definition and Measurement," Journal of Economic Surveys, Wiley Blackwell, vol. 14(5), pages 629-653, December.
    2. repec:ebl:ecbull:v:26:y:2008:i:1:p:1-9 is not listed on IDEAS
    3. Papagapitos, Agapitos & Riley, Robert, 2009. "Social trust and human capital formation," Economics Letters, Elsevier, vol. 102(3), pages 158-160, March.
    4. Anderson, Joan B., 2008. "Social capital and student learning: Empirical results from Latin American primary schools," Economics of Education Review, Elsevier, vol. 27(4), pages 439-449, August.
    5. Eiji Yamamura, 2008. "Determinants of trust in a racially homogeneous society," Economics Bulletin, AccessEcon, vol. 26(1), pages 1-9.
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