There is increasing evidence that housing and housing markets impact a variety of behaviors and outcomes. Using a rich panel of Australian microlevel data, we estimated the effect of housing price changes on both fertility intentions and fertility outcomes. The analysis indicates that the likelihood of having a child among homeowners is positively related to an increase in housing wealth. The positive housing wealth effect has the greatest impact on the fertility and fertility intentions of Australian homeowners who are young and mortgage holders. In comparison, there is evidence that increases in housing prices decrease the fertility intentions of private renters with children.

越来越多的证据表明，住房和住房市场会影响各种行为和结果。使用丰富的澳大利亚微观数据面板，我们估计了房价变化对生育意愿和生育结果的影响。分析表明，房主生育孩子的可能性与住房财富的增加呈正相关。积极的住房财富效应对澳大利亚年轻房主和抵押贷款持有人的生育率和生育意愿影响最大。相比之下，有证据表明房价上涨会降低有孩子的私人租房者的生育意愿。