If you also make a lot of money from the boom in house prices, you will naturally consider whether to use the added value of wealth to reduce working hours or simply retire early
Research shows that more and more Australians are doing this, which is, of course, a benefit for themselves, but a headache for the economy.
According to the report, the rise in house prices has significantly affected the labour force, both sexes at all ages
Overall, the analysis provides clear evidence that house price increases have a significant and direct impact on individuals and households' wealth and their labour activity.
Especially for aunts, because house prices are soaring, they are more likely to opt for early retirement.
For married women over 55, for every 10% increase in housing prices, 0.29% quit the job market. For single women over the age of 55, 0.54% retire for every 10% increase in housing prices
In Australia, real estate accounts for a large portion of retirement assets, especially for women, who have lower pensions than men, experts say
Rising house prices affect not only those close to retirement, but also the other end of the labour market
Among married people aged 20 to 39, housing prices also have a significant impact on working hours.
When the house price increases by 1%, the man will reduce the working time of 0.39%, and the woman will reduce the working time of 0.29%
But for the economy, goverment is delaying retirement to encourage employment, which would offset goverment's efforts
