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CentrePiece article
Superstar houses and the American mortgage frenzy
Clément S. Bellet
March 2017
Paper No' CEPCP498:
Full Paper (pdf)

CentrePiece 22 (1) Spring 2017

JEL Classification: D01; D03; I30; R20

Tags: inequality; social preferences; subjective well-being; housing; household debt

Clement Bellet shows how visible wealth inequality fuelled the US mortgage boom that preceded the financial crisis.