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Housing, land prices, and the link between growth and saving

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Author Info
Angus Deaton (Princeton University)
Guy Laroque (INSEE, Paris)

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Abstract

This paper is concerned with the relationship between saving and growth. Within an overlapping- generations model of economic growth, we ask how the existence of a fixed supply of land for housing, for which consumers must save prior to ownership, and whose price is bid up by economic growth, affects the steady state growth path of the economy.

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File URL: http://rpds.princeton.edu/rpds/papers/pdfs/deaton_laroque_housing_land.pdf
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Paper provided by Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies. in its series Working Papers with number 223.

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Date of creation: Apr 1999
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Handle: RePEc:pri:rpdevs:223

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  1. Vance, Colin & Iovanna, Rich, 2003. "Assessing The Joint Influence Of Ecological And Socioeconomic Determinants Of Increases In The Built-Environment: A Study Of Trends In Central North Carolina," 2003 Annual meeting, July 27-30, Montreal, Canada 21983, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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This page was last updated on 2009-12-17.

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