Housing Price Volatility and Downsizing in Later Life

James Banks, Richard Blundell, Zoë Oldfield, James P. Smith

NBER Working Paper No. 13496
Issued in October 2007

---- Acknowledgments ----

The authors gratefully acknowledge the financial support of a grant from the National Institute on Aging. Blundell and Banks also acknowledge co-funding from the ESRC Centre for the Microeconomic Analysis of Public Policy at IFS. Smith benefited from the expert programming assistance of David Rumpel. The usual disclaimer applies. This paper was prepared for presentation at the Boulders Economics of Aging Conference in Carefree, Arizona in May 2007. We very much appreciate the useful and constructive comments of our discussant Steve Venti as well as the other participants at the conference. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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