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The Effect of Housing Wealth Losses on Spending in the Great Recession

We use panel data on a complete inventory of household spending and assets to estimate the spending response to the sharp and largely unexpected declines in house values that occurred in the Great Recession. Our study complements the existing literature on this topic by relying exclusively on longit...

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Bibliographic Details
Published in:Econ Inq
Main Authors: Angrisani, Marco, Hurd, Michel D., Rohwedder, Susann
Format: Artigo
Language:Inglês
Published: 2018
Subjects:
Online Access:https://ncbi.nlm.nih.gov/pmc/articles/PMC7517609/
https://ncbi.nlm.nih.gov/pubmed/32981983
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1111/ecin.12753
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