Did the Housing Boom Increase Household Spending
AbstractBetween 1995 and 2007, inflation-adjusted house prices more than doubled in some areas of the U.S. During this unprecedented boom, households spent more and reduced their saving rate. A key question is how much of the increased spending was related to rising house prices, as opposed to other factors? And, if households spent more when prices soared, are they likely to cut back during the housing bust? The answers can help in assessing retirement saving trends.
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Bibliographic InfoPaper provided by Center for Retirement Research in its series Issues in Brief with number ib2010-10.
Length: 7 pages
Date of creation: Jul 2010
Date of revision: Jul 2010
Publication status: published on the Center for Retirement Research at Boston College website
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-18 (All new papers)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:CitEc Project, subscribe to its RSS feed for this item.
- Irena Dushi & Leora Friedberg & Anthony Webb, 2006.
"The Impact of Aggregate Mortality Risk on Defined Benefit Pension Plans,"
Working Papers, Center for Retirement Research at Boston College
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- Dushi, Irena & Friedberg, Leora & Webb, Tony, 2010. "The impact of aggregate mortality risk on defined benefit pension plans," Journal of Pension Economics and Finance, Cambridge University Press, vol. 9(04), pages 481-503, October.
- Leora Friedberg & Anthony Webb, 2007.
"Life Is Cheap: Using Mortality Bonds to Hedge Aggregate Mortality Risk,"
The B.E. Journal of Economic Analysis & Policy,
De Gruyter, vol. 7(1), pages 31.
- Leora Friedberg & Anthony Webb, 2006. "Life is Cheap: Using Mortality Bonds to Hedge Aggregate Mortality Risk," NBER Working Papers 11984, National Bureau of Economic Research, Inc.
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