The demand for housing mortgage debt and assets over the lifecycle
From around the mid-1990s, and until the onset of the current financial crisis, housing equity withdrawal had been rising sharply in the UK. This was accompanied by a general downward trend in the aggregate household saving ratio. According to the permanent income/life cycle theory of consumption, h...
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University of York
2011
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.556256 |