Financial wealth inequality is greater than housing wealth inequality

2014 ◽  
Keyword(s):  
Wealth Inequality ◽  
Housing Wealth ◽  
Financial Wealth

What Drove Housing Wealth Inequality in China?

2021 ◽  
Vol 29 (1) ◽  
pp. 32-60
Author(s):  
Guanghua Wan ◽  
Chen Wang ◽  
Yu Wu
Keyword(s):  
Wealth Inequality ◽  
Housing Wealth

scholarly journals Revisiting the Relationship between Financial Wealth, Housing Wealth and Consumption: A Panel Analysis for the US

2018 ◽  
Author(s):  
Dimitra Kontana ◽  
Fotios Siokis
Keyword(s):  
House Prices ◽  
Composite Index ◽  
Housing Wealth ◽  
Seminal Paper ◽  
Financial Wealth ◽  
Distribution Of Wealth ◽  
High Rise ◽  
The Us ◽  
Housing Investments ◽  
The Relationship

Based on the seminal paper of Case, Quigley and Shiller (2013), we investigate the effects of financial and housing wealth on consumption.  Using quarterly data from 1975 to 2016, for all States of U.S. economy, and a different methodology in measuring wealth, we report relatively greater financial effects than housing effects on consumption.  Specifically, in our basic utilized model, the calculated elasticity for financial wealth is 0.060, while for housing is 0.045.  The results are not in agreement with the ones obtained by Case, Quigley and Shiller.  In an attempt to investigate the disparity we proceed by incorporating the introduction of the Tax Reform Act in 1986, which increased incentives for owner-occupied housing investments.  Finally, due to distributional factors at work, and taking into account the pronounced uneven distribution of wealth we investigate the effects of wealth for 8 states that include the Metropolitan areas comprising of the well known Case-Shiller 10-City Composite Index.  Now the housing effect on consumption is much stronger and larger than the financial effect.  Additionally, we forecast the consumption changes at the time of the high rise and large drops in house prices for these states.  Forecasts showed a recession from the fall of Lehman Brothers until the fourth quarter of 2011.  These forecasts were not verified.  Probably, the new techniques used by politics played an important role.  We also find that extreme behaviors cannot be predicted.

Working from home and long-term housing wealth inequality in large cities of advanced economies

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Reza Tajaddini ◽  
Hassan F. Gholipour ◽  
Amir Arjomandi
Keyword(s):  
Wealth Inequality ◽  
Developed Countries ◽  
Housing Demand ◽  
Working Environment ◽  
Housing Wealth ◽  
Content Type ◽  
Large Cities ◽  
Working From Home ◽  
Advanced Economies

Purpose The purpose of this study is to explain the potential long-term impacts of working from home on housing wealth inequality in large cities of advanced economies. Design/methodology/approach This study is descriptive research and It supports the arguments by providing some emerging evidence from property markets in developed countries. Findings The authors argue that due to the unique nature of the COVID-19 crisis, it will have a different and long-term impact on housing wealth inequality. Changes in the working arrangements of many professionals will change the housing demand dynamic across different suburbs and may lead to a reduction of the housing wealth gap in the long term. In this paper, the authors propose five mechanisms that may impact housing wealth inequality. Research limitations/implications Long-term data is required to test the proposed conceptual model in this study and the effect of the COVID-19 pandemic on housing wealth across and within suburbs of large cities. Practical implications Policymakers and regulators may benefit from the discussions and suggestions provided in this study and consider the proposed avenues on how new changes in the working environment (remote working) may result in a reduction of housing wealth inequality. Originality/value This study presents a new perspective about the potential long-term impacts of working from home that is posed by the COVID-19 pandemic on housing wealth inequality in large cities of developed economies.

Housing wealth inequality in China: An urban-rural comparison

Cities ◽  
2020 ◽  
Vol 96 ◽  
pp. 102428 ◽  
Author(s):  
Yourong Wang ◽  
Yuyao Li ◽  
Youqin Huang ◽  
Chengdong Yi ◽  
Jianyu Ren
Keyword(s):  
Wealth Inequality ◽  
Housing Wealth ◽  
Urban Rural

Housing Wealth, Financial Wealth and Consumption in China

2009 ◽  
Vol 17 (3) ◽  
pp. 57-74 ◽  
Author(s):  
Jie Chen ◽  
Feng Guo ◽  
Aiyong Zhu
Keyword(s):  
Housing Wealth ◽  
Financial Wealth

Housing wealth, financial wealth, and consumption: New evidence from micro data

2009 ◽  
Vol 39 (1) ◽  
pp. 79-89 ◽  
Author(s):  
Raphael Bostic ◽  
Stuart Gabriel ◽  
Gary Painter
Keyword(s):  
Housing Wealth ◽  
Micro Data ◽  
Financial Wealth ◽  
New Evidence
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