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本文在以往研究房地产财富与消费关系文献的基础上,对近年来房地产财富对消费的影响效应、主要传导渠道、理论框架和计量方法进行了梳理,对房地产财富与消费关系研究的新进展给出了一个合理的概括框架,表明抵押效应和金融市场自由化等共同因素对消费支出的影响十分显著,为今后我们对财富与消费关系的研究提供了新的思路。
Based on the previous literature on the relationship between real estate wealth and consumption, this paper reviews the effect of real estate wealth on consumption, the main transmission channels, theoretical framework and measurement methods in recent years, and gives some new progress on the study of the relationship between real estate wealth and consumption A reasonable summary framework shows that the common factors such as mortgage effect and financial market liberalization have a significant impact on consumer spending and provide us a new idea for the study of the relationship between wealth and consumption in the future.