@article {7858, title = {The impact of house price movements on non-durable goods consumption of older households}, journal = {Annals of Economics and Finance}, volume = {14}, year = {2013}, note = {Export Date: 24 September 2013 Source: Scopus}, pages = {491-510}, publisher = {14}, abstract = {Using Health and Retirement Study (HRS) data, we create a new, up-to-date panel dataset to investigate the impact of house price movements on the non-durable goods consumption of older households. We find that older homeowners respond asymmetrically when experiencing house price gains and house price losses. More specifically, they increase total non-durable goods expenditure when house prices appreciate, but fail to reduce consumption when house prices fall.}, keywords = {Net Worth and Assets}, url = {http://www.scopus.com/inward/record.url?eid=2-s2.0-84874026500andpartnerID=40andmd5=9b24de128cf6ceeaf4346ecc7151389a}, author = {Shenyi Jiang and Wei Sun and Anthony Webb} }