matches the wealth distribution; the age profiles of consumption, homeownership, and mortgage debt; and data on the frequency … maximum borrowing limit, and housing investment, homeownership, and household debt closely track aggregate productivity. In …

wealth distribution, the age profiles of homeownership and mortgage debt, and the frequency of housing adjustment. In the …

matches the wealth distribution; the age profiles of consumption, home-ownership, and mortgage debt; and data on the frequency … borrowing limit, and housing investment, home-ownership, and household debt closely track aggregate productivity. In the late …