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

Lee A. Smales

doi:10.1080/13504851.2014.916380

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

Lee A. Smales

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	1184-1188
Number of pages	5
Journal	Applied Economics Letters
Volume	21
Issue number	17
DOIs	https://doi.org/10.1080/13504851.2014.916380
Publication status	Published - 1 Jan 2014
Externally published	Yes

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10.1080/13504851.2014.916380

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

Abstract

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