Data and Code for: House Prices and Consumption: A New Instrumental Variables Approach

Principal Investigator(s):  View help for Principal Investigator(s) James Graham, University of Sydney; Christos Makridis, W. P. Carey School of Business at Arizona State University

Version:  View help for Version V1

Name File Type Size Last Modified
  AEJMacro2021_ReplicationData 03/14/2022 08:46:PM

Project Citation: 

Graham, James, and Makridis, Christos. Data and Code for: House Prices and Consumption: A New Instrumental Variables Approach. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-12-09. https://doi.org/10.3886/E154221V1

Project Description

Summary:  View help for Summary These files contain the programs and data for the journal article "House Prices and Consumption: A New Instrumental Variables Approach," American Economic Journal: Macroeconomics.


Scope of Project

Subject Terms:  View help for Subject Terms Consumption; house prices; instrumental variables; marginal propensity to consume; Bartik instrument
JEL Classification:  View help for JEL Classification
      C26 Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation
      D12 Consumer Economics: Empirical Analysis
      E21 Macroeconomics: Consumption; Saving; Wealth
      R30 Real Estate Markets, Spatial Production Analysis, and Firm Location: General
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 1994 – 2016
Collection Date(s):  View help for Collection Date(s) 2017 – 2020
Data Type(s):  View help for Data Type(s) census/enumeration data; event/transaction data; other; program source code; survey data
Collection Notes:  View help for Collection Notes Confidential data from Zillow and NielsenIQ are not provided with these files. The files contain a description of how to access these datasets and the code used to process them (see README).

Methodology

Data Source:  View help for Data Source
County Business Patterns, Current Population Survey (IPUMS), Federal Reserve Economic Database, Guren-McKay-Nakamura-Steinsson (2020), Lutz-Sand (2019), NielsenIQ, Saiz (2010), U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, U.S. Census Bureau, U.S. Department of Housing and Urban Development, U.S. Federal Housing Finance Agency, U.S. Internal Revenue Service, Survey of Consumer Finances, Zillow.



Unit(s) of Observation:  View help for Unit(s) of Observation surveyed individuals, counties, zip codes, US census regions
Geographic Unit:  View help for Geographic Unit county

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Published Versions

V1 [2022-12-09]

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DDI 2.5

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