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Thesis

The consumption choices of "Generation Rent"

Abstract:

This thesis considers two questions: how does the aggregate quantity of consumption by young renters respond to house price shocks, and how has the increase in UK house prices changed how young renters allocate consumption between major expenditure categories. Results from a consumption life-cycle model show a positive relationship between the consumption growth by young renters and house prices. However, I conclude that this reflects a common factor such as income expectations independent...

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
Economics
Oxford college:
Lincoln College
Role:
Author
Type of award:
MPhil
Level of award:
Masters
Awarding institution:
University of Oxford

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