Empirical Study on the Wealth Effect of Housing Assets and Stock Assets:An Examplification from Sichuan Province

Based on the related data from 1992 to 2007,this empirical study reveals that the present wealth effect of residents’housing assets and stock assets in Sichuan province is feeble,but the wealth effect emerge gradually in the long run and the stock wealth effect is bigger than housing’s.In order to improve residents’consumptions and national demands more effectively throug hassets wealth effect,the price of housing must be restricted on a reasonable level,secondly we should end eavor to reduce the fluctuation of stock market,and thirdly wo should realize that residents can imcrease assets incomes fromdiverse investment styles.