Boom in, bust out: Young households and the housing price cycle

European Economic Review

Volumn 43, Issue 4-6, 1999, Pages 755-766

  Ortalo Magné, François ^a   Rady, Sven ^b  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

^b STANFORD UNIVERSITY   (United States)

Author keywords

Collateral constraints; Housing demand; Income fluctuations; Overlapping generations

Indexed keywords

HOUSING MARKET; INCOME; MARKET CONDITIONS; PRICE DYNAMICS;

UNITED KINGDOM;

EID: 0032780172     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0014-2921(98)00091-9     Document Type: Article

References (7)

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3. King M. The UK current account deficit. Discussion Economic Policy. 5:1990;383-387.
4. Muellbauer, J., Murphy, A., 1990. Is the UK balance of payments sustainable? Economic Policy 5, 347-382.
5. Muellbauer J., Murphy A. Booms and busts in the UK housing market. Economic Journal. 107:1997;1701-1727.
6. Ortalo-Magné, F., Rady, S., 1998. Housing market fluctuations in a life-cycle economy. Discussion paper no. 296, Financial Markets Group, London School of Economics, and Research paper No. 1501, Graduate School of Business, Stanford University.
7. Simons, J., 1996. The disappearance of the first-time buyer: An empirical examination of the role of the 20-29 year olds in the housing market boom and bust. MSc Economics Dissertation, University College London, London.