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Rising house prices do not tend to fuel greater consumption by households

Browning, Martin, Gørtz, Mette and Leth-Peterson, Soren (2013) Rising house prices do not tend to fuel greater consumption by households. LSE European Politics and Policy (EUROPP) Blog (01 Jul 2013). Blog Entry.

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Abstract

Do house prices influence consumption patterns? The economic crisis has led to a slump in both the price of houses and in consumption, meaning that any link between the two is of great interest to policy-makers who wish to kick-start consumption in order to reinvigorate growth in Western economies. New research from Martin Browning, Mette Gørtz and Soren Leth-Peterson attempts to find the links between consumption and house prices. However, they find that any increase in house prices has no effect on consumption by the old and only a very small effect on consumption for the young.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2013 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 05 Apr 2017 10:43
Last Modified: 17 Sep 2019 23:17
URI: http://eprints.lse.ac.uk/id/eprint/72551

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