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Record W4323794371 · doi:10.21447/jusre.2022.13.4.91

Estimation of the Housing Wealth Effect

2022· article· en· W4323794371 on OpenAlexaboutno aff
HyoenJin Jeon, Minjae Kim

Bibliographic record

VenueThe Korean Association of Urban Policies · 2022
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing Market and Economics
Canadian institutionsnot available
Fundersnot available
KeywordsConsumption (sociology)Quarter (Canadian coin)EconomicsEstimationDurable goodWealth effectValue (mathematics)Capital (architecture)Labour economicsMonetary economicsMicroeconomics

Abstract

fetched live from OpenAlex

This study estimates housing wealth effects on consumption in Korea using Fully Modifided OLS. The data used for analysis are times series data from the first quarter of 1991 to the first quarter of 2022. According to the analysis results, an increase in the housing price only increases consumption expenditures for durable goods such as automobiles, home appliances, and furniture, and other households' consumption expenditures and final consumption expenditures decrease. Due to the relatively high housing price compared to the past, it is difficult for households with houses to increase their mortgage value due to the increase in housing prices, and the effect of capital gains from housing disposal is also insignificant. On the other hand, in the case of households without housing, an increase in housing prices leads to an increase in housing costs, resulting in a contraction in consumption. Thus, in terms of macroeconomics, a device for stabilizing the housing market is required.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.072
Threshold uncertainty score0.248

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.012
GPT teacher head0.209
Teacher spread0.197 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2022
Admission routes1
Has abstractyes

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