RDP 2013-04: Home Prices and Household Spending Equation (3)

ln ( t o t a l s p e n d i n g i t ) = α i + T t + B W i t + D ( H P i t E × A g e i ) + A Z i t + E i t , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaaciGGSbGaai OBamaabmaabaGaamiDaiaad+gacaWG0bGaamyyaiaadYgacaaMc8Ua am4CaiaadchacaWGLbGaamOBaiaadsgacaWGPbGaamOBaiaadEgada WgaaWcbaGaamyAaiaadshaaeqaaaGccaGLOaGaayzkaaGaeyypa0Ja eqySde2aaSbaaSqaaiaadMgaaeqaaOGaey4kaSIaamivamaaBaaale aacaWG0baabeaakiabgUcaRiaadkeaiiaacqWFYaIOcaWGxbWaaSba aSqaaiaadMgacaWG0baabeaakiabgUcaRiaadseacqWFYaIOdaqada qaaiaadIeacaWGqbWaa0baaSqaaiaadMgacaWG0baabaGaamyraaaa kiabgEna0kaadgeacaWGNbGaamyzamaaBaaaleaacaWGPbaabeaaaO GaayjkaiaawMcaaiabgUcaRiaadgeacqWFYaIOcaWGAbWaaSbaaSqa aiaadMgacaWG0baabeaakiabgUcaRiaadweadaWgaaWcbaGaamyAai aadshaaeqaaOGaaiilaaaa@6F91@