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Journal Articles
Journal of European Real Estate Research (2017) 10 (3): 245–276.
Published: 06 November 2017
...’ housing +J14 +E31 +G21 +D91 The fundamental theory of wealth accumulation and decumulation over a household’s life cycle is due to Modigliani and Brumberg (1954) who argued that credit unconstrained households’ per period consumption will be proportional to their lifetime wealth[ 1...
