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Persistent link: https://www.econbiz.de/10009266878
This paper studies the impact of the portfolio constraint imposed by the consumption demand for housing (the 'housing constraint') on the household's optimal holdings of financial assets. Since the ratio of housing to net worth declines as the household accumulates wealth, the housing constraint...
Persistent link: https://www.econbiz.de/10012472429
The paper studies the impact of the portfolio constraint imposed by the consumption demand for housing (the quot;housing constraintquot;) on the household's optimal holdings of financial assets. Since the ratio of housing to net worth declines as the household accumulates wealth, the housing...
Persistent link: https://www.econbiz.de/10012790513
This paper studies the impact of the portfolio constraint imposed by the consumption demand for housing (the 'housing constraint') on the household's optimal holdings of financial assets. Since the ratio of housing to net worth declines as the household accumulates wealth, the housing constraint...
Persistent link: https://www.econbiz.de/10012774907
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