TY  - UNPD
A1  - Disney, Richard
A1  - Gathergood, John
T1  - House prices, wealth effects and labour supply
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 556
N2  - We examine the impact of house prices on labour supply decisions using UK micro data. We combine household survey data with local level house price measures and controls for local labour demand. Our micro data also allows us to control for individual level income expectations. We find significant house price effects on labour supply, consistent with leisure being a normal good. Labour supply responses to house prices are concentrated among young married female owners and older owners. This finding suggests house prices affect the decisions of marginal workers in the economy. Our estimates imply house prices are economically important for the participation decisions for these workers.
T3  - CFS working paper series - 556 
KW  - Labour supply
KW  - Wealth effects
KW  - House prices
Y1  - 2016
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/42074
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-420748
UR  - https://ssrn.com/abstract=2869144
IS  - October 2016
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -