Life cycle patterns and boom-bust dynamics in U.S. housing prices
AbstractHome equity did not increase much for households younger than 35 years of age between 1998 and 2007 because the increase in house prices was offset by an equivalent increase in mortgage debt.
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Bibliographic InfoArticle provided by Federal Reserve Bank of St. Louis in its journal Economic Synopses.
Volume (Year): (2013)
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- Juan Carlos Hatchondo & Leonardo Martinez & Juan M. Sánchez, 2011.
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- Andrew Glover & Jonathan Heathcote & Dirk Krueger & José-Víctor Ríos-Rull, 2011.
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- Andrew Glover & Jonathan Heathcote & Dirk Krueger & José-Víctor Ríos-Rull, 2011. "Intergenerational Redistribution in the Great Recession," NBER Working Papers 16924, National Bureau of Economic Research, Inc.
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