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

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.

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Year of publication:	2006
Authors:	Li, Wenli ; Yao, Rui
Published in:	Business Review. - Federal Reserve Bank of Philadelphia. - 2006, Q1, p. 25-34
Publisher:	Federal Reserve Bank of Philadelphia
Subject:	Housing - Prices \| Consumption (Economics)

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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