Stock Market Wealth and the Real Economy: A Local Labor Market Approach
收藏NBER2019-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25959
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资源简介：
We provide evidence of the stock market wealth effect on consumption by using a local labor market analysis and regional heterogeneity in stock market wealth. An increase in local stock wealth driven by aggregate stock prices increases local employment and payroll in nontradable industries and in
提供机构：
美国国家经济研究局
创建时间：
2019-06-01
