Housing Wealth and Consumption: The Role of Heterogeneous Credit Constraints
收藏NBER2022-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30591
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资源简介：
We quantify the role of heterogeneity in households financial constraints in explaining the link between the large decline in aggregate consumption and the decline in house values between 2006 and 2009 using individual-level data. Constraints that are triggered by a decline in house values, and a
提供机构：
美国国家经济研究局
创建时间：
2022-10-01
