Did the housing boom increase household spending?

Jiang, Shenyi, Wei Sun, and Anthony Webb. “Did the housing boom increase household spending?”. Issue in Brief 11-10, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, July 2011. http://hdl.handle.net/2345/bc-ir:104191.
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Abstract

The brief's key findings are: (1) Regional variations in U.S. house prices provided a natural experiment to test how price changes influence household spending. (2) Households age 51 and over who saw rapid growth in house prices increased their spending on non-durables (e.g., meals out, vacations, and entertainment). (3) The annual increase was modest but, if sustained over time, could be substantial. (4) Interestingly, when house prices fell, households did not appear to tighten their belts.

Title
Did the housing boom increase household spending?
Author
Jiang, Shenyi
Sun, Wei
Webb, Anthony
Center
Center for Retirement Research
Genre
report
Date Issued
July 2011
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
11-10
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104191
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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