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The Influence of Housing Price Developments on Household Consumption: Empirical Analysis for the Czech Republic

Dvoráková, Sylvie; Seidler, Jakub - Institut ekonomických studií, Univerzita Karlova v Praze - 2012

This paper studies how the change of wealth of households represented by housing prices and stock market prices influences households’ consumption. We provide empirical analysis based on the Czech aggregate data from 1998–2009. We analyse the effect of change in households’ wealth on the...

Persistent link: https://www.econbiz.de/10010575654

The Influence of Housing Price Development on the Household Consumption: Empirical Analysis for the Czech Republic

Dvořáková, Sylvie; Seidler, Jakub - In: Bulletin of the Czech Econometric Society 20 (2013)

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Persistent link: https://www.econbiz.de/10011152549

The influence of housing price developments on household consumption: Empirical analysis for the Czech Republic

Dvořáková, Sylvie; Seidler, Jakub - 2012

This paper studies how the change of wealth of households represented by housing prices and stock market prices influences households' consumption. We provide empirical analysis based on the Czech aggregate data from 1998-2009. We analyse the effect of change in households' wealth on the...

Persistent link: https://www.econbiz.de/10010322317

Publication Bias in Measuring Intertemporal Substitution

Havranek, Tomas - Institut ekonomických studií, Univerzita Karlova v Praze - 2013

I examine 2,735 estimates of the elasticity of intertemporal substitution in consumption (EIS) reported in 169 published studies. The literature shows strong publication bias: researchers report negative and insignificant estimates less often than they should, which pulls the mean estimate up by...

Persistent link: https://www.econbiz.de/10010827800

The Estimation of Complete Almost Ideal Demand System from Czech Household Budget Survey Data

Janda, Karel; Mikolášek, Jakub; Netuka, Martin - Institut ekonomických studií, Univerzita Karlova v Praze - 2009

The aim of this paper is to provide a reliable set of income, own-price, and cross-price elasticities of demand for the consumer goods, foods and alcohol beverages based on Almost Ideal Demand System model applied to the most relevant Czech data set of Household Budget Statistics. While we...

Persistent link: https://www.econbiz.de/10008549963

Convergence of Consumption Structure

Cahlík, Tomáš; Honzák, Tomáš; Honzáková, Jana; … - Institut ekonomických studií, Univerzita Karlova v Praze - 2005

Purpose of this paper is to analyze the convergence of the consumption structure, both at the empirical and the theoretical levels. The basic empirical result is that the consumption structure converges quite quickly. We feel that the income effect is not sufficient to explain this high speed....

Persistent link: https://www.econbiz.de/10005698724

Cross-Country Heterogeneity in Intertemporal Substitution

Havranek, Tomas; Horvath, Roman; Irsova, Zuzana; … - Institut ekonomických studií, Univerzita Karlova v Praze - 2013

We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies that cover 104 countries during different time periods. The estimates vary substantially from country to country, even after controlling for 30 aspects of study design. Our...

Persistent link: https://www.econbiz.de/10010691099