Research Discussion Paper – RDP 2015-08 Housing Wealth Effects: Cross-sectional Evidence from New Vehicle Registrations

Contents

• Introduction
• Data
• Bivariate Analysis
• Regression Analysis
• Elasticity of New Vehicle Registrations to House Prices
• Marginal Propensity to Consume
• Aggregate Implications and Relation to the Literature
• Conclusion
• Appendix A: Additional Results
• References
• Copyright and Disclaimer Notices

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We would like to thank Laura Berger-Thomson, Greg Kaplan, Christopher Kent, Marion Kohler, Gianni La Cava and John Simon for helpful comments.