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dc.contributor.authorSmales, Lee
dc.date.accessioned2017-01-30T10:26:51Z
dc.date.available2017-01-30T10:26:51Z
dc.date.created2014-09-10T20:00:18Z
dc.date.issued2014
dc.identifier.citationSmales, L. 2014. The relationship between financial asset returns and the well-being of US households. Applied Economics Letters. 21 (7): pp. 1184-1188.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/2874
dc.identifier.doi10.1080/13504851.2014.916380
dc.description.abstract

This note considers the effect of changes on the well-being of US residents owing to changes in the value of various financial assets. Ordinary least squares estimates reveal that equity market returns have a significant and asymmetric, impact on the well-being. This result is likely the result of a wealth effect whereby rising (falling) stock markets increase (decrease) the ability to meet basic needs and this contributes to a shifting assessment of life-situation and overall well-being.

dc.publisherRoutledge
dc.subjectS&P 500
dc.subjectwell-being
dc.subjectR2
dc.subjectasset returns
dc.subjectG10
dc.subjectC20
dc.titleThe relationship between financial asset returns and the well-being of US households
dc.typeJournal Article
dcterms.source.volumeXX
dcterms.source.numberXX
dcterms.source.startPageXX
dcterms.source.endPageXX
dcterms.source.issn1350-4851
dcterms.source.titleApplied Economics Letters
curtin.note

This is an Author's Accepted Manuscript of an article published in the Applied Economics Letters 2014, copyright Taylor & Francis, available online at: <a href="http://www.tandfonline.com/10.1080/13504851.2014.916380">http://www.tandfonline.com/10.1080/13504851.2014.916380</a>

curtin.departmentSchool of Economics and Finance
curtin.accessStatusOpen access


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