Rising Wealth, Rising Debt: The Effect of Liquidity Constraints on Consumption Smoothing
| dc.contributor.author | Wishart, David | |
| dc.contributor.copyright-release | Not Applicable | en_US |
| dc.contributor.degree | Master of Arts | en_US |
| dc.contributor.department | Department of Economics | en_US |
| dc.contributor.ethics-approval | Not Applicable | en_US |
| dc.contributor.external-examiner | Not Applicable | en_US |
| dc.contributor.graduate-coordinator | Melvin Cross | en_US |
| dc.contributor.manuscripts | Not Applicable | en_US |
| dc.contributor.thesis-reader | Yulia Kotlyarova | en_US |
| dc.contributor.thesis-reader | Kuan Xu | en_US |
| dc.contributor.thesis-supervisor | Andrea Giusto | en_US |
| dc.date.accessioned | 2011-08-03T11:49:46Z | |
| dc.date.available | 2011-08-03T11:49:46Z | |
| dc.date.defence | 2011-07-18 | |
| dc.date.issued | 2011-08-03 | |
| dc.description.abstract | Using 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.uri | http://hdl.handle.net/10222/13977 | |
| dc.language.iso | en | en_US |
| dc.subject | Debt | en_US |
| dc.subject | Wealth | en_US |
| dc.subject | Liquidity | en_US |
| dc.subject | Constraints | en_US |
| dc.subject | Consumption | en_US |
| dc.title | Rising Wealth, Rising Debt: The Effect of Liquidity Constraints on Consumption Smoothing | en_US |