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How Big a Hangover from the Stock and Housing Benders?

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  • Steven P. Lanza

Abstract

Collapsing housing and stock market wealth has reduced households’ willingness to consume and businesses’ motivation to invest, in the process spawning the worst recession since the Great Depression. But the twin disasters may not affect all states equally. The evidence suggests that the implosion of home prices will have a smaller effect than average on Connecticut’s economy, but the impact of evaporating equity values will be disproportionately large here.

Suggested Citation

  • Steven P. Lanza, 2009. "How Big a Hangover from the Stock and Housing Benders?," The Connecticut Economy, University of Connecticut, Department of Economics, issue Summer.
    • Handle: RePEc:uct:ctecon:09-sum-01
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    File URL: http://cteconomy.uconn.edu/articles/SL_Su2009.pdf
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    More about this item

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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