- Title
- Housing, land prices, and the link between growth and saving
- Author(s)
- Angus Deaton Angus Deaton (Princeton University)
- Guy Laroque Guy Laroque (INSEE, Paris)
- Abstract
- This paper is concerned with the relationship between saving and growth. Within an overlapping- generations model of economic growth, we ask how the existence of a fixed supply of land for housing, for which consumers must save prior to ownership, and whose price is bid up by economic growth, affects the steady state growth path of the economy.
- Creation Date
- 1999-04
- Section URL ID
- RPDS
- Paper Number
- Deaton_Laroque_Housing_Land_Prices_and_the_Link_between_Growth_and_Savings_JEG.pdf
- URL
- https://rpds.princeton.edu/sites/rpds/files/media/deaton_laroque_housing_land_prices_and_the_link_between_growth_and_savings_jeg.pdf
- File Function
- Jel
- R31, D14
- Keyword(s)
- Suppress
- false
- Series
- 5