Tag: individual households
Introduction House prices rose 60 percent between 2000 and 2007 before the housing bubble burst. The question is whether the housing boom made people better or worse prepared for retirement. If they extracted the equity from their home through some form of housing-related debt and consumed all their borrowings, they will be left with additiona…
Abstract A growing literature offers indirect evidence that the distribution of bargaining power within a household influences decisions made by the household. These results undermine the notion that a household can be treated as a “unitary” decision maker. The indirect evidence links household outcomes to variables that are assumed to influence the distribution of bargaining…
