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