Superstar houses and the American mortgage frenzy

Clement Bellet

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: Clement Bellet shows how visible wealth inequality fuelled the US mortgage boom that preceded the financial crisis.

Keywords: inequality; social preferences; subjective well-being; housing; household debt (search for similar items in EconPapers)
JEL-codes: D01 D03 I30 R20 (search for similar items in EconPapers)
Date: 2017-03
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:498

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