【经管院每周系列讲座第338期】Prices and the Stock Market Betas of Housing: Evidence from Micro Data

2018-09-12

【经管院每周系列讲座第338期】Prices and the Stock Market Betas of Housing: Evidence from Micro Data

 

题:Prices and the Stock Market Betas of Housing: Evidence from Micro Data

主讲人彭亮,宾夕法尼亚州立大学副教授

主持人黄菊,经济与管理研究院

间:2018年9月14日(星期五)14:00-15:30

点:柳林校区颐德楼H412

主办单位经管院 科研处

 

主讲内容:

This paper empirically tests whether the stock market betas of house price appreciation rates vary across houses with different prices.  An analysis of about 6 million repeat sales in the U.S. over the 2000 to 2015 period suggests that pricier houses tend to have lower stock market betas.  This result is robust across time, holding-period duration, and MSAs with different population and GDP growth rates, and remains significant when the model includes more stock market factors.

 

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