{"id":"https://openalex.org/W78423685","doi":"https://doi.org/10.13140/2.1.4908.8008","title":"Housing Market Activity and Consumption: Macro and Micro Evidence","display_name":"Housing Market Activity and Consumption: Macro and Micro Evidence","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W78423685","doi":"https://doi.org/10.13140/2.1.4908.8008","mag":"78423685"},"language":"en","primary_location":{"id":"doi:10.13140/2.1.4908.8008","doi":"https://doi.org/10.13140/2.1.4908.8008","is_oa":false,"landing_page_url":"https://doi.org/10.13140/2.1.4908.8008","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Other"},"volume":null,"type":"other","is_traditional":false,"indexed_in":["datacite"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5024351088","display_name":"Daragh Clancy","orcid":"https://orcid.org/0000-0002-6730-2228","observed_orcids":["https://orcid.org/0000-0002-6730-2228"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Clancy, Daragh","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5010217507","display_name":"Mary Cussen","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Cussen, Mary","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5074557349","display_name":"Reamonn P Lydon","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Lydon, Reamonn","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9672999978065491,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9672999978065491,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.00989999994635582,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.00989999994635582,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/housing-wealth-effect","display_name":"housing wealth effect","score":0.9120000004768372},{"id":"https://openalex.org/keywords/housing-prices","display_name":"housing prices","score":0.8320000171661377},{"id":"https://openalex.org/keywords/consumer-spending","display_name":"consumer spending","score":0.8370000123977661},{"id":"https://openalex.org/keywords/housing-market","display_name":"housing market","score":0.5429999828338623},{"id":"https://openalex.org/keywords/durable-goods-consumption","display_name":"durable goods consumption","score":0.8399999737739563},{"id":"https://openalex.org/keywords/permanent-income","display_name":"permanent income","score":0.6539999842643738},{"id":"https://openalex.org/keywords/renter-households","display_name":"renter households","score":0.656000018119812},{"id":"https://openalex.org/keywords/age-cohorts","display_name":"age cohorts","score":0.6039999723434448},{"id":"https://openalex.org/keywords/household-survey-data","display_name":"household survey data","score":0.7009999752044678},{"id":"https://openalex.org/keywords/income-expectations","display_name":"income expectations","score":0.9300000071525574}],"concepts":[{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.763421893119812},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7447640299797058},{"id":"https://openalex.org/C177033891","wikidata":"https://www.wikidata.org/wiki/Q5164722","display_name":"Consumer spending","level":3,"score":0.7161104679107666},{"id":"https://openalex.org/C202269582","wikidata":"https://www.wikidata.org/wiki/Q2644277","display_name":"Complementarity (molecular biology)","level":2,"score":0.6614264845848083},{"id":"https://openalex.org/C2780148112","wikidata":"https://www.wikidata.org/wiki/Q1432581","display_name":"Proxy (statistics)","level":2,"score":0.563912034034729},{"id":"https://openalex.org/C200890946","wikidata":"https://www.wikidata.org/wiki/Q788096","display_name":"Autonomous consumption","level":3,"score":0.5517513155937195},{"id":"https://openalex.org/C2776149234","wikidata":"https://www.wikidata.org/wiki/Q3140641","display_name":"Wealth effect","level":3,"score":0.5235309600830078},{"id":"https://openalex.org/C61933577","wikidata":"https://www.wikidata.org/wiki/Q2184715","display_name":"Durable good","level":2,"score":0.5234995484352112},{"id":"https://openalex.org/C2778058735","wikidata":"https://www.wikidata.org/wiki/Q4692253","display_name":"Aggregate data","level":2,"score":0.5176020860671997},{"id":"https://openalex.org/C198477413","wikidata":"https://www.wikidata.org/wiki/Q7647069","display_name":"Survey data collection","level":2,"score":0.47213107347488403},{"id":"https://openalex.org/C3017399102","wikidata":"https://www.wikidata.org/wiki/Q397254","display_name":"Macro level","level":2,"score":0.46229904890060425},{"id":"https://openalex.org/C2777256093","wikidata":"https://www.wikidata.org/wiki/Q5164657","display_name":"Consumer Expenditure Survey","level":3,"score":0.4380042552947998},{"id":"https://openalex.org/C4679612","wikidata":"https://www.wikidata.org/wiki/Q866298","display_name":"Aggregate (composite)","level":2,"score":0.4300730228424072},{"id":"https://openalex.org/C3018162585","wikidata":"https://www.wikidata.org/wiki/Q254624","display_name":"Micro level","level":3,"score":0.41103655099868774},{"id":"https://openalex.org/C192250389","wikidata":"https://www.wikidata.org/wiki/Q4692254","display_name":"Aggregate expenditure","level":2,"score":0.408356249332428},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.4010505676269531},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.328453928232193},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.29686760902404785},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.22409525513648987},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.16292515397071838},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.11661773920059204},{"id":"https://openalex.org/C188897","wikidata":"https://www.wikidata.org/wiki/Q5333508","display_name":"Economic impact analysis","level":2,"score":0.1063469648361206},{"id":"https://openalex.org/C195742910","wikidata":"https://www.wikidata.org/wiki/Q176494","display_name":"Recession","level":2,"score":0.07375586032867432},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C54355233","wikidata":"https://www.wikidata.org/wiki/Q7162","display_name":"Genetics","level":1,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C142724271","wikidata":"https://www.wikidata.org/wiki/Q7208","display_name":"Pathology","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C159985019","wikidata":"https://www.wikidata.org/wiki/Q181790","display_name":"Composite material","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.13140/2.1.4908.8008","doi":"https://doi.org/10.13140/2.1.4908.8008","is_oa":false,"landing_page_url":"https://doi.org/10.13140/2.1.4908.8008","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Other"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":19,"referenced_works":["https://openalex.org/W585357048","https://openalex.org/W1526088312","https://openalex.org/W1544181801","https://openalex.org/W1547068196","https://openalex.org/W1988937092","https://openalex.org/W2022921956","https://openalex.org/W2025168225","https://openalex.org/W2035505185","https://openalex.org/W2056810981","https://openalex.org/W2066990638","https://openalex.org/W2136259696","https://openalex.org/W2139160679","https://openalex.org/W2147423090","https://openalex.org/W2891190930","https://openalex.org/W3001472365","https://openalex.org/W3121217586","https://openalex.org/W3121234933","https://openalex.org/W3122673378","https://openalex.org/W3124923994"],"related_works":["https://openalex.org/W7099105635","https://openalex.org/W7019558561","https://openalex.org/W2120041562","https://openalex.org/W2095445015","https://openalex.org/W3142799749","https://openalex.org/W2337296078","https://openalex.org/W7100000793","https://openalex.org/W2765574243","https://openalex.org/W3123325360","https://openalex.org/W2108768610"],"abstract_inverted_index":{"This":[0],"paper":[1],"analyses":[2],"how":[3],"developments":[4],"in":[5,95,111,112,169],"the":[6,28,58,67,141,155],"housing":[7,18,36,122,166],"market":[8],"affect":[9],"consumer":[10],"spending.":[11],"Using":[12],"aggregate":[13,29,68,147],"data,":[14],"we":[15],"show":[16],"that":[17,102,120],"wealth":[19,37,123,167],"exerts":[20],"a":[21,72,107],"positive":[22],"influence":[23],"on":[24,133],"consumption.":[25],"Whilst":[26],"informative,":[27],"results":[30],"not":[31,139],"allow":[32],"us":[33],"to":[34,53,131],"identify":[35],"effects":[38,91,124,168],"separately":[39],"from":[40],"credit":[41],"effects,":[42],"income":[43],"expectations":[44],"and":[45,79,84,146],"complementarity":[46],"effects.":[47],"Survey":[48],"data":[49,149],"is":[50],"therefore":[51],"used":[52],"assess":[54],"whether":[55],"behaviour":[56],"at":[57,66],"household":[59,145],"level":[60,148],"can":[61],"further":[62],"explain":[63],"consumption":[64,80,159],"trends":[65],"level.":[69],"We":[70],"observe":[71],"strong":[73,88],"correlation":[74],"between":[75],"house":[76,89,103],"price":[77,90],"levels":[78],"for":[81,92,109,150,164],"young,":[82],"middle-":[83],"older-aged":[85],"cohorts.":[86],"The":[87],"younger":[93],"cohorts":[94],"particular,":[96],"who":[97],"are":[98,105,125],"predominantly":[99],"renters,":[100],"suggests":[101,119],"prices":[104],"also":[106,118,154],"proxy":[108],"changes":[110],"permanent":[113],"income.":[114],"However,":[115],"our":[116],"analysis":[117],"significant":[121],"present,":[126],"particularly":[127],"when":[128],"it":[129],"comes":[130],"spending":[132],"durable":[134],"goods.":[135],"Our":[136],"research":[137],"highlights":[138],"only":[140],"benefits":[142],"of":[143,157],"combining":[144],"understanding":[151,165],"consumption,":[152],"but":[153],"importance":[156],"decomposing":[158],"into":[160],"its":[161],"constituent":[162],"parts":[163],"particular.":[170]},"counts_by_year":[{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2016-06-24T00:00:00"}