Does Household Mortgage Really Restrain Consumption? an Analysis Based on the Data of China Family Panel Studies in 2018
Study on household mortgage has profound significance to better understand the economics. This paper finds that the household mortgage plays a positive role on consumption by examining the data of CFPS in 2018. Using the model that introduces interaction term, we argue that the mortgage has an incom...
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| Published in | Journal of applied finance and banking Vol. 10; no. 6; pp. 1 - 14 |
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| Main Author | |
| Format | Journal Article |
| Language | English |
| Published |
Athens
Scientific Press International Limited
01.11.2020
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| Subjects | |
| Online Access | Get full text |
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| Abstract | Study on household mortgage has profound significance to better understand the economics. This paper finds that the household mortgage plays a positive role on consumption by examining the data of CFPS in 2018. Using the model that introduces interaction term, we argue that the mortgage has an income-effect for the comparatively low interest rate. The empirical result also shows the income-effect is greater in the "initiative mortgage households". |
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| AbstractList | Study on household mortgage has profound significance to better understand the economics. This paper finds that the household mortgage plays a positive role on consumption by examining the data of CFPS in 2018. Using the model that introduces interaction term, we argue that the mortgage has an income-effect for the comparatively low interest rate. The empirical result also shows the income-effect is greater in the "initiative mortgage households". |
| Author | Wang, Huaming |
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| SubjectTerms | Consumer goods Consumption Economic growth Expenditures Family income Households Hypotheses Independent variables Loans Market prices Mortgages Variables |
| Title | Does Household Mortgage Really Restrain Consumption? an Analysis Based on the Data of China Family Panel Studies in 2018 |
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