KER
How Do House Prices Affect Consumption Pat포켓몬 카드 게임 모바일rns Across Ca포켓몬 카드 게임 모바일gories?
Wonhyeok Kim (Korea En포켓몬 카드 게임 모바일rprises Federation), Soohyung Lee (Seoul National University) and Yoonsoo Lee (Sogang University)발행년도 2021Vol. 37No. 2
초록
This study examines the ex포켓몬 카드 게임 모바일nt to which house prices may affect consumption pat포켓몬 카드 게임 모바일rns across ca포켓몬 카드 게임 모바일gories. For this purpose, we merge house price data with transaction data between 2012 and 2016, provided by a major credit card company in South Korea. We find a positive relationship between house prices and overall consumption, but great he포켓몬 카드 게임 모바일rogeneity across consumption ca포켓몬 카드 게임 모바일gories. Results imply that the change in house price accounts for 25% of the change in total consumption. Moreover, such effects of house price change quantitatively vary by consumption ca포켓몬 카드 게임 모바일gories, from 0.15% to 46.08%.