James Poterba
James Poterba
James Michael "Jim" Poterbais an American economist, Mitsui Professor of Economics at the Massachusetts Institute of Technology, and current NBER president and chief executive officer...
assets decline financial gradually households retirement
financial assets decline only gradually when households are in their retirement years.
causes generate intrinsic people pervasive problem sort trying whether
There's a pervasive problem in trying to sort out whether there is something intrinsic about homeownership that causes these externalities or whether the people that become homeowners are the kind of people that generate these externalities.
large question
The question is how large it will be.