As well as confirming that local socio-economic factors, including wealth, housing type and population density are found to be important in explaining uptake of this policy, local "green" attitudes – measured in three different ways – are shown not to be important.
In fact, other researchers have reported that windfall gains (inheritances, financial wealth, housing prices) have, at most, a small impact on labour supply, which in many cases are only marginally statistically significant (Holtz-Eakin et al. 1993; Joulfaian and Wilhelm 1994; Henley 2004).
‡Composite index calculated for each household with principal components analysis to aggregate wealth, housing, and demographic characteristics.
For the adjusted analyses, we calculated a composite index reflecting the socioeconomic status of each household using principal components analysis to aggregate wealth, housing, and demographic characteristics.
Its economy has been buoyed by rising household wealth and house prices, and by an easing of bank-lending conditions.
(There is also family wealth — a house-paint business going back several generations — but it has not accrued either to Kasper Koenig or to his children).
Despite the Philipses' wealth, the house seems rather barren, in part because the family did not occupy it year-round.
By boosting wealth, higher house prices encourage homeowners to spend more.
"Estate" calls to mind wealth: country house, expansive lands, extravagant wine cellar.
The reward is power and wealth — a house "on the Vineyard".
