House Prices, Wealth Effects and Labour Supply

House prices, household debt and labour supply in Australia

What impact do house prices have on household debt and labour supply in Australia?

This bulletin is based on research conducted by Professor Garry Barrett, Dr Kadir Atalay and Dr Rebecca Edwards at the AHURI Research Centre—The University of Sydney. The research explored the nature and magnitude of the relationship between house prices, household debt and the labour market decisions of Australian households. What impact do house prices have on household debt and labour supply...

House prices, mortgage debt and labour supply: evidence from Australian households

Stock prices and house prices in California: new evidence of a wealth effect?

A crucial macroeconomic question facing the US economy is whether the value of the stock market has implications for consumption. If it does, it means that any severe downturn in the market could lead to a contraction of consumption, and therefore a contraction in the overall economy. The issue is one on which academics and the financial community seem to disagree. Rigorous academic works (Fama...

Stock prices and house prices: Which one affects the other?

Stocks and houses as two major assets which play important role in the balance sheet of Iranian households. Changes in two markets have a large influence on wealth and the general economy. The purpose of this study is to examine the relationship between stock and house prices over a thirty-year period using vector auto-regression (VAR). Using yearly data for the period from 1985 to 2013, we con...