Asset maintenance as hidden investment among the poor and rich: Application to housing

Substituting maintenance of existing fixed assets for investment in new assets, and thus affecting their depreciation, can play a major role in the economic decisions of low-income agents. We develop a theoretical framework that shows that poorer households, which generally face relatively higher ad...

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Bibliographic Details

Main Authors:	Hernandez, Manuel A., Trupkin, Danilo R.
Format:	Journal Article
Language:	Inglés
Published:	Elsevier 2021
Subjects:	income housing elasticity investment households assets household consumption depreciation
Online Access:	https://hdl.handle.net/10568/142886