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.Housing - Prices ; Consumption (Economics)

Rui Yao

Wenli Li

English

Research Papers in Economics

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

http://www.philadelphiafed.org/research-and-data/publications/business-review/2006/q1/Q1_06_Housevalue.pdf

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

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Research Papers in Economics