How Housing Affects Stock Investment—An SEM Analysis
AbstractThe extant literature regarding the effects of housing on stock investment shows inconsistent findings, either positive or negative effects have been reported. This paper investigates the mechanisms by which housing affects household stock investment through a structure equation model (SEM). Applying the data from the China Household Finance Survey (CHFS), we confirm and quantify the magnitudes of contemporaneous “wealth effects” and “crowd-out effects” of housing on household equity investment. Overall, the combined effect of housing on stock investment is positive in the context of urban China. View Full-Text
Share & Cite This Article
Li, J.; Zhao, J. How Housing Affects Stock Investment—An SEM Analysis. Economies 2019, 7, 26.
Li J, Zhao J. How Housing Affects Stock Investment—An SEM Analysis. Economies. 2019; 7(1):26.Chicago/Turabian Style
Li, Jiandong; Zhao, Jianmei. 2019. "How Housing Affects Stock Investment—An SEM Analysis." Economies 7, no. 1: 26.
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.