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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| Format: | Journal Article |
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Routledge
2014
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| Online Access: | http://hdl.handle.net/20.500.11937/2874 |
| _version_ | 1848744073098166272 |
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| author | Smales, Lee |
| author_facet | Smales, Lee |
| author_sort | Smales, Lee |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T05:55:40Z |
| format | Journal Article |
| id | curtin-20.500.11937-2874 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T05:55:40Z |
| publishDate | 2014 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-28742017-09-13T14:32:15Z The relationship between financial asset returns and the well-being of US households Smales, Lee S&P 500 well-being R2 asset returns G10 C20 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. 2014 Journal Article http://hdl.handle.net/20.500.11937/2874 10.1080/13504851.2014.916380 Routledge fulltext |
| spellingShingle | S&P 500 well-being R2 asset returns G10 C20 Smales, Lee The relationship between financial asset returns and the well-being of US households |
| title | The relationship between financial asset returns and the well-being of US households |
| title_full | The relationship between financial asset returns and the well-being of US households |
| title_fullStr | The relationship between financial asset returns and the well-being of US households |
| title_full_unstemmed | The relationship between financial asset returns and the well-being of US households |
| title_short | The relationship between financial asset returns and the well-being of US households |
| title_sort | relationship between financial asset returns and the well-being of us households |
| topic | S&P 500 well-being R2 asset returns G10 C20 |
| url | http://hdl.handle.net/20.500.11937/2874 |