Your house just doubled in value? Don't uncork the champagne just yet!

Wenli Li and Rui Yao

Business Review, 2006, issue Q1, pages 25-34

Abstract: Wenli Li and Rui Yao present their recent research, which tries to quantify the effects of house-price changes on both consumption and the well-being of American households. Their study looks at the economy as a whole, as well as different demographic groups.

Keywords: Housing - Prices; Consumption (Economics) (search for similar items in EconPapers)
Date: 2006
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