中国城镇住宅财富效应的微观检验  

Micro-inspection of Wealth Effect of China Urban Inhabitants' Housing Assets

作　　者：刘旦[1] 姚玲珍[1] 

机构地区：[1]上海财经大学公共经济与管理学院,上海200433

出　　处：《北京科技大学学报（社会科学版）》2008年第1期33-39,共7页Journal of University of Science and Technology Beijing(Social Sciences Edition)

摘　　要：在生命周期假说的基础上,文章构造了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1978-2006年的数据,分阶段实证研究了我国城镇居民住宅资产对城镇居民人均消费的影响。实证研究发现,我国城镇房地产市场不具有财富效应。住宅供给结构不合理和住宅市场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. We empirically research the impact of urban inhabitants＇ housing assets of China on consumption with data from 1978 to 2006. We find that unreasonable housing supplies structure and asymmetrical information is the important reasons that urban inhabitants＇ assets of China has not wealth effect.

关 键 词：住宅资产 消费函数 生命周期假定 财富效应 

分 类 号：F014.5[经济管理—政治经济学]