The relationship between financial asset returns and the well-being of US households

The relationship between financial asset returns and the well-being of US households

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...

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Bibliographic Details
Main Author: Smales, Lee
Format: Journal Article
Published: Routledge 2014
Subjects:
S&P 500
well-being
R2
asset returns
G10
C20
Online Access:http://hdl.handle.net/20.500.11937/2874

Internet

http://hdl.handle.net/20.500.11937/2874

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