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Title: | WILL A HOUSING BUST LEAD TO A BABY BUST? THE EFFECT OF HOME PRICES ON FERTILITY. | Authors: | LAU SHI MIN PRISCILLA | Keywords: | Real Estate RE Qin Yu 2016/2017 RE Childbearing Consumption Patterns Developed Economies Fertility Gender Wage Gap Global Housing Price Index Housing Wealth Effect |
Issue Date: | 17-May-2017 | Citation: | LAU SHI MIN PRISCILLA (2017-05-17). WILL A HOUSING BUST LEAD TO A BABY BUST? THE EFFECT OF HOME PRICES ON FERTILITY.. ScholarBank@NUS Repository. | Abstract: | Will a housing bust lead to a baby bust? Housing is a significant component of wealth but is also one major expenditure of a general household, commonly at the point of family formation. In many countries, it is not surprising to find that many would desire to have a house to settle in before starting a family hence it is common to associate owning a home and starting a family. The economics and determinants of fertility studies have been abundant since a long while back but it is only until recent years where the spotlight is placed on the relationship between fertility and housing market conditions again, especially after seeing how the latter played a central role in the recent economic bust. This study investigates how changes in house prices across countries affect fertility on the global scale using macro data for 57 countries across the globe during the period from 1990 to 2014. Instead of a mere causal relationship between fertility and housing market concluded by existing literature, results conclude mutual influence between the two and suggest that for a 1% increase in global housing prices, current fertility will fall 0.2%.Breaking the analysis down to the developed and developing economies, contrasting effects of housing market conditions on fertility were found wherein developing countries, when housing prices increase, fertility increases. In consideration of gender specifics, results suggest that an increase in male unemployment will impact fertility more so than an increase in female unemployment. | URI: | https://scholarbank.nus.edu.sg/handle/10635/224065 |
Appears in Collections: | Bachelor's Theses |
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