Who Bears the Cost of Recessions? The Role of House Prices and Household Debt
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https://www.nber.org/papers/w22256
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This chapter reviews empirical estimates of differential income and consumption growth across individuals during recessions. Most existing studies examine the variation in income and consumption growth across individuals by sorting on ex ante or contemporaneous income or consumption levels. We build
提供机构：
美国国家经济研究局
创建时间：
2016-05-01
