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. Author manuscript; available in PMC: 2020 Oct 30.
Published in final edited form as: Rev Econ Stat. 2020 Feb 28;102(1):113–128. doi: 10.1162/rest_a_00794

Figure 1:

Figure 1:

Wave-to-wave changes in housing wealth

Source: RAND HRS. Based on the variable HwAHOUS (the value of primary residence). Shown differences are computed by taking the average of individual-level differences in HwAHOUS in consecutive waves. Housing wealth is deflated using the Consumer Price Index of the Bureau of Labor Statistics. Due to the temporal misalignment between HRS and CAMS surveys, housing wealth corresponds to the (even) year preceding the odd-numbered year in CAMS.