【经管院每周系列讲座第338期】Prices and the Stock Market Betas of Housing: Evidence from Micro Data
主题：Prices and the Stock Market Betas of Housing: Evidence from Micro Data
主讲人：彭亮，宾夕法尼亚州立大学副教授
主持人：黄菊，经济与管理研究院
时间：2018年9月14日（星期五）14:00-15:30
地点：柳林校区颐德楼H412
主办单位：经管院 科研处
主讲内容：
This paper empirically tests whether the stock market betas of house price appreciation rates vary across houses with different prices. An analysis of about 6 million repeat sales in the U.S. over the 2000 to 2015 period suggests that pricier houses tend to have lower stock market betas. This result is robust across time, holding-period duration, and MSAs with different population and GDP growth rates, and remains significant when the model includes more stock market factors.
