Consumption, household portfolios and the housing market in France
Bibliographic Data
| ID | 11977366 |
|---|---|
| Authors | Valérie Chauvin (0000-0001-6413-9405, corresponding author), John Muellbauer |
| Year | 2018 |
| Issue | 500t |
| Pages | 157-178 |
| Publication date | 2018-10-29 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economie et Statistique / Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0336-1454 • E-ISSN: 1777-5574 |
| Publisher | Institut National de la Statistique et des Etudes Economiques (INSEE) (PUBLISHER) |
| DOI | 10.24187/ecostat.2018.500t.1950 |
| OpenAlex | W2898695218 |
| Language | EN |
| Citations received | 5 |
| References cited | 88 |
Consumption and wealth may co-move because of shifts in credit conditions, interest rates, income expectations or demographics whose impact should be identified to disentangle wealth effects. The findings for France from a 6‐equation model for consumption and the main elements of household portfolios are that marginal propensities to consume financial wealth are comparable to those in the US or the UK, but housing wealth effects are far weaker, and aggregate consumption falls with higher house prices relative to income. This is interpreted as the need for households in France then to save more if they wish to become homeowners or can expect rents to increase in the future. The estimates suggest that during the French house price boom between 1996 and 2008, offsets from the negative effect of higher house prices and higher debt neutralized the positive effects of higher housing wealth and easier credit on consumption, evading the amplifying feedbacks, via consumption, of the US boom
Business · Consumption (sociology · Economics · Sociology · Housing Market and Economics · Housing, Finance, and Neoliberalism
Migration Dynamics
Quasi-experiments and hedonic property value methods
Housing transitions through the life course
Residential Relocations in the Life Course
Specification and estimation of spatial autoregressive models with autoregressive and heteroskedastic disturbances
The price and quantity of residential land in the United States
Latent lifestyle preferences and household location decisions
Changes in implicit flood risk premiums
Fuzzy Differences-in-Differences
Does Homeownership Affect Child Outcomes?
Residential Mobility, Quality of Neighbourhood and Life Course Events
Measuring the benefits of air quality improvement
Asymptotic Distributions of Quasi-Maximum Likelihood Estimators for Spatial Autoregressive Models
Saving and Liquidity Constraints
Spatial-difference-in-differences models for impact of new mass rapid transit line on private housing values
The Buffer-Stock Theory of Saving
Linear versus logistic regression when the dependent variable is a dichotomy
Equilibrium Land Use Patterns in a Nonmonocentric City
Causes of Sprawl
Identification and Estimation of Treatment Effects with a Regression-Discontinuity Design
No Price Like Home
Estimating the value of a new transit option
Examining the impacts of residential self-selection on travel behavior
The great mortgaging
Male-Female Wage Differentials in Urban Labor Markets
Interaction terms in logit and probit models
An Analysis of Transformations
The Blinder–Oaxaca Decomposition for Linear Regression Models
Wage Discrimination
Urban Economic Theory
Housing and Social Theory
L’importance de la localisation dans la valorisation des quartiers marseillais
La politique du logement locatif
Inference with Difference-in-Differences and Other Panel Data
On the Choice of Funtional Form for Hedonic Price Functions
The Determinants of Residential Property Values with Special Reference to Air Pollution
Fixed-Effects and Related Estimators for Correlated Random-Coefficient and Treatment-Effect Panel Data Models
Demographic Cycle, Migration and Housing Investment
On the Long-Run Evolution of Inheritance
Capital is Back
The Costs of Agglomeration
Incertitude en économie de l'environnement
Western European housing systems and the impact of the international financial crisis
It is not Just the Economy
The effects of land transfer taxes on real estate markets
Determination of neighbourhood housing amenities
Impact of high speed rail on housing values
The impact of air pollution and noise on the real estate market. The case of the 2013 European Green Capital
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The Timing of Household Events and Housing Events in the Netherlands
Understanding New Zealand’s decline in homeownership
Housing Prices and Multiple Employment Nodes
The changing effect of home ownership on residential mobility in the Netherlands, 1980–98
Self‐promoted housing and capitalist suppliers
The price of residential land in large US cities
The behavioral response to housing transfer taxes
Intergenerational Transfers, Borrowing Constraints, and Saving Behavior
Identifying the Impacts of Rail Transit Stations on Residential Property Values
The effects of zoning on structure and land markets
The choice of functional forms for hedonic price equations
The Impacts of LRT, Neighbourhood Characteristics, and Self-selection on Auto Ownership
Life Cycle and Housing Adjustment as Explanations of Residential Mobility
Housing Careers in the United States, 1968-93
First-time Home-ownership in the Family Life Course
Migration and Home Ownership
L’impact des prix de l’immobilier sur les inégalités et leur mesure
La capitalisation immobilière des espaces verts dans la ville d'Angers
The Production Function for Housing
Hedonic Prices and Implicit Markets
On the Share of Inheritance in Aggregate Wealth
House Prices and Credit Constraints
The Spatial and Temporal Variability of Residential Real Estate Values in Response to Flooding
Corporatism and Housing Regimes
Availability
Alcohol mortality
The Impact of Objective and Subjective Measures of Air Quality and Noise on House Prices
Finance and Business Cycles
The Economic Implications of Housing Supply
A Theory of the Consumption Function, With and Without Liquidity Constraints
Stock Market Wealth and Consumption
Les inégalités d'accès à la propriété et leurs déterminants institutionnels
Parental wealth and resource transfers
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,71 |
| Citation span | 2019 - 2024 (6) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |