Benjamin Appianin

Research Associate (Finance)

Cambridge Centre for Finance (CCFin)/Cambridge Endowment for Research in Finance (CERF)

BCom (University of Cape Coast), MSc (Xiamen University), PhD (City University of Hong Kong)

My research primarily focuses on household finance, labour finance, and behavioural economics and finance, with a particular interest in how personal experiences of economic variables affect households’ financial and economic decisions. My recent works examine how personal experiences of local house price growth influence the consumption and labour supply decisions of households.

Benjamin Appianin.

My details

Academic area

Finance

News and insights

Households who have experienced higher house price growth in their county increase their consumption by about 6.3 to 7.3% than households who have experienced lower house price growth in their locality, all other things being equal. This effect corresponds to an increase in real annual spending of households by about $2,163 to $2,680 (2019 US dollars).

Do our personal experiences of local housing price growth influence our consumption decisions? Benjamin Appianin, Research Associate at Cambridge Centre for Finance (CCFin) and Cambridge Endowment for Research in Finance (CERF), helps answer this question by showing that households spend more (less) on nondurables and services when they have experienced higher (lower) house price growth in their locality.

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