Journal Article
Your house just doubled in value? Don't uncork the champagne just yet!
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);
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Bibliographic Information
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2006
Issue: Q1
Pages: 25-34