House prices and affordability

Greenaway‐McGrevy, Ryan; Phillips, Peter C.B.

doi:10.1080/00779954.2021.1878328

Cited by 8 publications

(6 citation statements)

References 18 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Women make up the overwhelming majority of those in unpaid caring roles, and it remains a societal expectation that they will undertake essential unpaid work which perpetuates gender financial inequality 51 . Despite increases in female employment rates (which add additional time pressures) 51 , the rampant housing market in New Zealand has seen house and rent price appreciation which persistently outstrip income growth over the study period 52 . Thus it is perhaps unsurprising that increasingly time and resource poor women who are providing informal care to their older parent(s) or parent(s)-in-law with decompressed morbidity are becoming more stressed.…”

Section: Discussionmentioning

confidence: 99%

Carer distress among community living older adults with complex needs in the pre- and post-COVID-19 era: a national population study

Schluter

Abey-Nesbit

Ahuriri‐Driscoll

et al. 2022

Sci Rep

View full text Add to dashboard Cite

Carer distress is one important negative impact of caregiving and likely exacerbated by the novel coronavirus disease 2019 (COVID-19) pandemic, yet little population-based epidemiological information exists. Using national data from repeated standardized comprehensive geriatric needs assessments, this study aims to: describe the pattern of caregiver distress among those providing informal care to community-living adults aged ≥ 65 years with complex needs in New Zealand over time; estimate the COVID-19 effect on this temporal pattern; and, investigate relationships between participants’ sociodemographic and selected health measures on caregiver distress. Fractional polynomial regression and multivariable multilevel mixed-effects models were employed. Overall, 231,277 assessments from 144,358 participants were analysed. At first assessment, average age was 82.0 years (range 65–107 years), and 85,676 (59.4%) were female. Carer distress prevalence increased from 35.1% on 5 July 2012 to a peak of 48.5% on 21 March 2020, when the New Zealand Government announced a national lock-down. However, the population attributional fraction associated with the COVID-19 period was small, estimated at 0.56% (95% CI 0.35%, 0.77%). Carer distress is common and has rapidly increased in recent years. While significant, the COVID-19 impact has been relatively small. Policies and services providing efficacious on-going strategies to support caregivers deserves specific attention.

show abstract

Section: Discussionmentioning

confidence: 99%

Carer distress among community living older adults with complex needs in the pre- and post-COVID-19 era: a national population study

Schluter

Abey-Nesbit

Ahuriri‐Driscoll

et al. 2022

Sci Rep

View full text Add to dashboard Cite

show abstract

“…Moreover, their wealth is felt across the globe in cities such as London, where the flow of vast amounts of capital from High-Net-Worth individuals from developing nations has led to unsustainable property prices to the detriment of the local population, as felt in cities such as London, Singapore and Auckland (Burrows andKnowles, 2019 see Colenut, 2020;Atkinson, 2020). In the case of the latter city, New Zealand banned the purchase of property by non-residents in 2018 as the average price of a house in that country became $500,000, almost five times the average family income of approximately $100,000 (Greenaway-McGrevy et al, 2021). Another example is the luxury yacht industry that dominates the city of Trogir in Croatia and provides employment in both servicing as well as manufacturing.…”

Section: Socio-political and Economic Change Since 1979 And The Rise ...mentioning

confidence: 99%

Sailing the tide of over consumption: applying a business history approach to explore the rising demand of luxury yachts and travel since 1979

Connors

2023

WHATT

View full text Add to dashboard Cite

PurposeThe purpose of this paper is to identify how the socio-economic trends caused by the economic deregulation of the last four decades have led to a high-net-worth strata of individuals and families that conspicuously consumes luxury items and are the main customers in the luxury yacht market.Design/methodology/approachA selected cross-section review and discussion of relevant publications and theories within the field of tourism, social sciences, business and economic history are synthesised with relevant data to outline the factors leading to socio-economic change and conspicuous consumption.FindingsThis paper advocates for the synthesis of scholarly techniques found within the discipline of Business History to illuminate the development of a luxury yachting industry over the past four decades. Using the varieties of capitalism approach this paper demonstrates that the local characteristics of the BRIC (Brazil, Russia, India and China) in combination with the international globalisation and trade deregulation since 1980 has led to a new super wealthy class that engages in conspicuous consumption. Using a schema based on critical juncture theory, light has been shed on the specific factors underpinning the demand for luxury yachts as part of this conspicuous consumption.Originality/valueThis paper adds a new set of methodologies and theoretical tools to the student of luxury tourism that embed the practice within the context of socio-economic changes brought forth by economic globalisation since 1979, opening up new avenues of research.

show abstract

“…Greenaway-McGrevy and Phillips [35] examined the detection of housing bubbles in the metropolitan centers in New Zealand. Therefore, they used data from 1993 to 2014, by applying the bubble tests initiated by Phillips et al The results indicate that the real estate sector in Auckland City contributed to the rise of bubbles in the other centers by up to two quarters in 2003, as well as other TAs in the Auckland area by a single quarter, which was due to high cost of real estate Gomez-Gonzalez and Gamboa-Arbeláez [36] examined the bubble detection in housing prices for 18 OECD countries.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Greenaway-McGrevy and Phillips [35] established a study to identify bubbles in house prices-to-rent ratios in Australian capital cities. To investigate whether the house price-torent ratio in the national capital, Canberra, and any of the state capital cities (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney) demonstrated explosive activity at any point in time, they used the PSY research algorithm.…”

Section: Literature Reviewmentioning

confidence: 99%

Bubble Identification in the Emerging Economy Fuel Price Series: Evidence from Generalized Sup Augmented Dickey–Fuller Test

et al. 2021

View full text Add to dashboard Cite

In the recent past, the world in general and Pakistan in particular faced a drastic fuel price change, affecting the economic productivity of the country. This has drawn the attention of empirical researchers to analyze the abrupt change in fuel prices. This study takes a lead and investigates for the first time, in the literature related to Pakistan, the presence of multiple fuel price bubbles, with the purpose of knowing if the price driver is due to demand or it is exuberant consumer behavior that prevails and contributes to a sudden boom in fuel price series. The empirical analysis is performed through a recently proposed state-of-the-art generalized sup ADF (GSADF) approach on six commonly used fuel price series, namely, LDO (light diesel oil), HSD (high-speed diesel), petrol, natural gas, kerosene, and MS (motor spirit). The bubble analysis for each of the six fuel price series is based on monthly data from July 2005 to August 2020. The findings provide evidence of the existence of multiple bubbles in all series considered. Specifically, four bubbles are detected in each of the kerosene and natural gas price series, whereas three bubbles are noted in each of the HSD, LDO, petrol and MS price series. The maximum duration of occurrence of bubbles is of 12 months for kerosene. The date-stamping of the bubbles shows that the financial crisis of 2008 contributed to the emergence of bubbles that pushed oil prices upward and caused a depreciation in the national currency.

show abstract

House prices and affordability

Cited by 8 publications

References 18 publications

Carer distress among community living older adults with complex needs in the pre- and post-COVID-19 era: a national population study

Carer distress among community living older adults with complex needs in the pre- and post-COVID-19 era: a national population study

Sailing the tide of over consumption: applying a business history approach to explore the rising demand of luxury yachts and travel since 1979

Bubble Identification in the Emerging Economy Fuel Price Series: Evidence from Generalized Sup Augmented Dickey–Fuller Test

Contact Info

Product

Resources

About