The authors develop a life-cycle model to study the effects of house price changes on household consumption and welfare. The model explicitly incorporates the ddoi:10.2139/ssrn.748304Li, WenliYao, RuiSocial Science Electronic PublishingLi,Wenyi,Rui Yao."The Life-Cycle Effects of House Price ...
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 that the consumption and welfare consequences of house price changes on individual households vary significantly. In particular, the nonhousi...
The 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 analysis ind... LI Wenli,R Yao - 《Journal of Money Credit & Banking》 被引量: 457发表: 2007年 The...
The introduction of house price uncertainty into the model adds an important distinction between ownership and renting which will enhance the desire to accumulate housing wealth and thus the need to become an owner earlier in the life cycle—house price risk generates an incentive to accumulate housi...
HOUSE PRICES, PERSONAL SECTOR WEALTH AND CONSUMPTION: SOME CONCEPTUAL AND EMPIRICAL ISSUES This paper analyzes the impact of changes in the real price of houses upon the level of wealth and the rate of consumption of the personal sector. A theore... D Miles - 《Manchester School》 被引量:...
While house price indices aim to measure the change in price of an identical dwelling over time, many are unable to sufficiently control for changes in the... P Reusens,F Vastmans,S Damen - 《Economic Modelling》 被引量: 0发表: 2023年 Effects of ethnic changes on house prices: Sydney ca...
C.How can we live a life without boundaries? D.How do we become victims of boundaries? 阅读理解【福建省泉州市2022届普通高中毕业班1月质量监测(二)】 From sleep machines to Al-controlled house cleaning robots, a wide variety of advanced technologies and products are being exhibited at the 4th...
Life course theory is also suitable for the analysis of societies that have undergone major changes and has been widely applied to the study of the impact of drastic change of national policy on individuals’ life opportunities (Zhou and Hon, 1999; Elder 2003:1-15). Life course, as an ...
We compare these findings to the implications of a standard life-cycle model with borrowing constraints, uninsurable income risk, illiquid housing, and long-term mortgages. The model explains our empirical findings about the insensitivity of the housing wealth effects to changes in the loan-to-...
B) Make a lot of friends. C) Set a long-term goal. D) Behave like adults. 7. A) Those who share her academic interests. B) Those who respect her student commitments. C) Those who can help her when she is in need. D) Those who go to the same clubs as she does. ...