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Rising Wealth, Rising Debt: The Effect of Liquidity Constraints on Consumption Smoothing

dc.contributor.authorWishart, David
dc.contributor.copyright-releaseNot Applicableen_US
dc.contributor.degreeMaster of Artsen_US
dc.contributor.departmentDepartment of Economicsen_US
dc.contributor.ethics-approvalNot Applicableen_US
dc.contributor.external-examinerNot Applicableen_US
dc.contributor.graduate-coordinatorMelvin Crossen_US
dc.contributor.manuscriptsNot Applicableen_US
dc.contributor.thesis-readerYulia Kotlyarovaen_US
dc.contributor.thesis-readerKuan Xuen_US
dc.contributor.thesis-supervisorAndrea Giustoen_US
dc.date.accessioned2011-08-03T11:49:46Z
dc.date.available2011-08-03T11:49:46Z
dc.date.defence2011-07-18
dc.date.issued2011-08-03
dc.description.abstractUsing permanent income life-cycle theory, I analyze the effects of liquidity constraints on the household’s ability to smooth life time consumption due to a change in housing and stock market wealth. Using data from the Canadian national accounts and chartered bank balance sheets I test if improved access to housing wealth due to fundamental shifts to the banking industry in the 1980s has lowered liquidity constraints and improved the household’s ability to smooth consumption.en_US
dc.identifier.urihttp://hdl.handle.net/10222/13977
dc.language.isoenen_US
dc.subjectDebten_US
dc.subjectWealthen_US
dc.subjectLiquidityen_US
dc.subjectConstraintsen_US
dc.subjectConsumptionen_US
dc.titleRising Wealth, Rising Debt: The Effect of Liquidity Constraints on Consumption Smoothingen_US

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