Fairlie, Robert W.; Krashinsky, Harry A. - CESifo - 2012
as providing evidence of liquidity constraints. Recently, however, the liquidity constraint interpretation has been … asset distribution and only rises dramatically after this point (Hurst and Lusardi 2004). We reexamine the liquidity … entrepreneurship and a different measure of wealth – net housing equity – for the two groups. Second, we examine the liquidity …