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New Evidence on Housing Wealth and Consumption Channels |
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| Authors: | Zhu Bing Li Lingxiao Downs David H Sebastian Steffen |
| Institution: | 1.Real Estate and Planning, Henley Business School, University of Reading, Whiteknights, Reading, RG6 6UD, UK ;2.Department of Finance, Mihaylo College of Business and Economics, California State University, Fullerton, 800 N State College Blvd, Fullerton, CA, 92834, USA ;3.The Kornblau Institute & FIRE Department, Virginia Commonwealth University, 301 W. Main Street, Richmond, VA, 23284, USA ;4.IREBS International Real Estate Business School, University of Regensburg, Universit?tsstra?e 31, 93053, Regensburg, Germany ; |
| Abstract: | The Journal of Real Estate Finance and Economics - This paper provides new evidence on the effect of housing wealth on consumption by focusing on the impact of home-equity extraction. We develop a... |
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