The variance in the logarithms of per capita GDP in purchasing power-parity prices increased in the world form 1960 to 1968 and decreased since the mid 170s. In the later period the convergence in intercountry incomes more than offset any increase in within country inequality. Approximately...

The dual motives of housing behaviour, consumption and investment, make the analysis of housing purchases quite difficult. Nevertheless, it is better to refer to a model that keeps the two-dimensional aspects of housing. In the absence of institutional considerations, this model predicts that it...