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The housing market in the United Kingdom: effects of house price volatility on households
journal contribution
posted on 2023-06-08, 18:08 authored by Richard Disney, Daniel ChandlerThis paper describes the economics of the housing market and explains why house prices are likely to be more volatile than prices in other markets. It illustrates the volatility of house prices relative to some other key economic variables in the UK. The paper then considers the implications of variability in house prices for household behaviour, surveying a number of studies for the UK and elsewhere on the effects of house price volatility on consumption spending, indebtedness, labour supply, and entry to and exit from the homeownership market.
History
Publication status
- Published
Journal
Fiscal StudiesISSN
1475-5890Publisher
WileyExternal DOI
Issue
3Volume
35Page range
371-394Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2014-08-27Usage metrics
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