A Re-evaluation of Housing Wealth Effect in Korea
This paper attempts to re-evaluate the size of housing wealth effect in Korea. Our focus is on the size of ‘genuine’ housing wealth effect, i.e., the response of consumption spending by home-owners to the changes in housing wealth. Two issues show up while we estimate the ‘genuine’ wealth effects us...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Korea Development Institute
2008-12-01
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| Series: | KDI Journal of Economic Policy |
| Subjects: | |
| Online Access: | https://doi.org/10.23895/kdijep.2008.30.2.1 |