House prices, disposable income and permanent and temporary shocks
نویسندگان
چکیده
منابع مشابه
Superior Information, Income Shocks and the Permanent Income Hypothesis
According to the permanent income hypothesis with quadratic preferences, savings should react only to transitory income shocks, but not to permanent shocks. The problem is that income shock components are not separately observable. I show how the combination of income realizations with subjective expectations can help to identify separately the transitory and the permanent shock to income, thus...
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participants at Hunter College for comments and conversations that have improved this paper. We are responsible for any remaining errors. Abstract We investigate the effect of house price changes on MSA-level divorce rates using data for 1991-2010 from the Current Population Survey and the Federal Housing Finance Agency. Our findings suggest that changing house prices significantly affect divor...
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ژورنال
عنوان ژورنال: Journal of European Real Estate Research
سال: 2012
ISSN: 1753-9269
DOI: 10.1108/17539261211215987