students. Our findings indicate a $10,000 increase in a family's housing wealth in the four years prior to a student becoming … wealth on where students apply, not on whether they are admitted. We also find that short-run increases in home prices lead …

students. Our findings indicate a $10,000 increase in a family's housing wealth in the four years prior to a student becoming … wealth on where students apply, not on whether they are admitted. We also find that short-run increases in home prices lead …

During the period from 1990 to 2002, U.S. households experienced a dramatic wealth cycle, induced by a 369-percent … rise throughout this period. Using data from 1990 to 2005, traditional approaches to estimating macroeconomic wealth …, income, and wealth is weak at best; and (ii) life-cycle models that rely on aggregate measures of wealth cannot explain why …