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- W2362958063 abstract "Under the framework of Calcagno,Fornero,and Rossi(2009)[1] and Skinner(1996)[2],this paper introduces a simple cycle-life consumption model,encompassing housing consumption.Then an econometric model is built according to LC-PIH model.Based on micro data from the ChengDiao corps of Statistics National Bureau and the investigation on urban residents living conditions of the 2002 by Research Institute of Chinese Academy for Social Sciences,we empirically analyze financial assets household wealth effect,real estate wealth effect and the wealth effect of the individual characteristics of different residents on real estates.Compared with the foreign countries,there is a weak wealth effect of financial assets in China.We find that many individual characteristics of residents have significant influences on real estate wealth effect." @default.
- W2362958063 created "2016-06-24" @default.
- W2362958063 creator A5038826822 @default.
- W2362958063 date "2013-01-01" @default.
- W2362958063 modified "2023-09-26" @default.
- W2362958063 title "Urban Housing Prices,Rational Consumption and Wealth Effects: Theory and Evidence" @default.
- W2362958063 hasPublicationYear "2013" @default.
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