Ratcliffe, A. (2015) Wealth effects, local area attributes, and economic prospects: On the relationship between house prices and mental wellbeing. Review of Income and Wealth, 61 (1). 75 - 92. ISSN 0034-6586
Abstract
This research exploits large variations in local house prices to investigate whether house prices correlate with mental wellbeing, and uses contrasting implications for the effect of house prices on the mental wellbeing of homeowners and renters to shed light on why this correlation might arise. I document a positive correlation between house prices and the mental wellbeing of both homeowners and non-homeowners, which is inconsistent with a pure wealth effect. Instead this finding suggests that local house prices provide a reflection of available amenities and economic opportunities in the area.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2013 The Author. Review of Income and Wealth published by John Wiley & Sons Ltd on behalf of International Association for Research in Income and Wealth. This is an open access article under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/3.0/), which permits use, distribution and reproduction in any medium, provided the original work is properly cited. |
Keywords: | house prices;mental wellbeing;wealth |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 14 Jan 2016 16:54 |
Last Modified: | 14 Jan 2016 16:54 |
Published Version: | http://dx.doi.org/10.1111/roiw.12075 |
Status: | Published |
Publisher: | Wiley |
Refereed: | Yes |
Identification Number: | 10.1111/roiw.12075 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:93581 |