RDP 2016-04: Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States Equation

\begin{array}{l} π^{R} \equiv P^{R} Y^{R} - M - C O E - T - D - I P \\ \equiv G V A^{R} - C O E - T - D - I P \\ \equiv κ^{R} - D - I P \end{array}