Introduction and Conceptual Framework

  • Mariacristina Rossi
  • Eva M. Sierminska


This chapter introduces the reader to the key variables of our book: wealth and homeownership. We first briefly describe the evolution of assets and homeownership and then provide a conceptual framework within which the decision process of wealth accumulation and homeownership can be examined. This framework will be used as the conceptual background used to interpret asset accumulation decisions.


Intertemporal Life Cycle Permanent Income Hypothesis 


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Mariacristina Rossi
    • 1
  • Eva M. Sierminska
    • 2
  1. 1.Department of Management, School of Management and EconomicsUniversity of TorinoTorinoItaly
  2. 2.LISER - Luxembourg Institute of Socio-Economic ResearchEsch-BelvalLuxembourg

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