摘要
在生命周期假说的基础上,构造一个城镇居民资产与城镇居民人均消费关系的模型,并利用2000～2006年的季度数据,实证研究我国城镇居民住宅资产对城镇居民人均消费的影响。研究发现,我国城镇房地产市场不具有财富效应。房地产供给结构不合理和房地产市场的信息不对称是造成我国城镇住宅市场不具有财富效应的重要原因。
Based on the life cycle suppose, this paper constructs a model of the relationship between urban inhabitants＇ assets of China and consumption. It researches the impact of urban inhabitants＇ housing assets of China on consumption with data from 1978 to 2006. It finds that unreasonable housing supplies structure and asymmetrical information is the important reason that urban inhabitants＇ assets of China has not wealth effect.
出处
《首都经济贸易大学学报》
2007年第4期108-112,共5页
Journal of Capital University of Economics and Business
关键词
住宅资产
消费函数
生命周期假定
财富效应
housing assets
the consumption function
the life cycle suppose
wealth effect
