Please use this identifier to cite or link to this item:
Title: Inequality, demographics and the housing wealth effect: Panel quantile regression evidence for the US
Authors: Bampinas, Georgios
Konstantinou, Panagiotis
Panagiotidis, Theodore
Type: Article
Subjects: FRASCATI::Social sciences::Economics and Business
Keywords: Housing wealth
Wealth effect
Panel quantile
Issue Date: Nov-2017
Publisher: Elsevier
Source: Finance Research Letters
Volume: 23
First Page: 19
Last Page: 22
Abstract: We extend the long-run Case, Quigley and Shiller (2013) type of specification on wealth effects by considering the role of inequality and demographics. Using a panel quantile framework for 48 US states, we find that higher levels of consumption lead to a larger (smaller) marginal effect of housing (financial) wealth. Both inequality and demographics affect consumption in a negative and significant way. Demographics are significant only for relative high levels of consumption.
Other Identifiers: 10.1016/
Appears in Collections:Department of Economics

Files in This Item:
File Description SizeFormat 
Finance Research Letters Bampinas et al 2017.pdf386,39 kBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.