scholarly journals Absolute Income Inequality and Rising House Prices

2016 ◽  
Author(s):  
Thomas Goda ◽  
Chris Stewart ◽  
Alejandro Torres
Keyword(s):  
Income Inequality ◽  
House Prices ◽  
Absolute Income

scholarly journals Absolute income inequality and rising house prices

2019 ◽  
Author(s):  
Thomas Goda ◽  
Chris Stewart ◽  
Alejandro Torres García
Keyword(s):  
Income Inequality ◽  
House Prices ◽  
Aggregate Demand ◽  
Theoretical Models ◽  
Developed Countries ◽  
Housing Demand ◽  
Relative Distribution ◽  
Absolute Income ◽  
Long Run ◽  
Absolute Inequality

Abstract Income inequality and house prices have risen sharply in developed countries during 1975–2010. In line with theoretical models, we argue that this co-movement is no coincidence, but that inequality has driven up house prices on the grounds that it raises the aggregate demand for housing. Our results suggest that absolute inequality and house prices in most Organisation for Economic Co-operation and Development (OECD) countries were positively correlated and cointegrated, whereas relative inequality and mean income were not significant long-run determinants. This finding indicates that the surge in OECD house prices in part can be explained by a top-income-induced increase in housing demand, and that it is important to consider the interaction of rising mean income and its relative distribution when studying potential correlates of house prices. Moreover, our results confirm previous findings that the short-term real interest rate also is an important correlate of house prices.

Absolute Income, Relative Income, Income Inequality, and Mortality

2004 ◽  
Vol XXXIX (1) ◽  
pp. 228-247 ◽  
Author(s):  
Ulf-G. Gerdtham ◽  
Magnus Johannesson
Keyword(s):  
Income Inequality ◽  
Relative Income ◽  
Absolute Income

Income Inequality and Health: Panel Data Evidence from Canada

2015 ◽  
Vol 15 (2) ◽  
pp. 927-959 ◽  
Author(s):  
Ehsan Latif
Keyword(s):  
Health Status ◽  
Income Inequality ◽  
Theil Index ◽  
Mean Deviation ◽  
Negative Effects ◽  
Absolute Income ◽  
Current Health ◽  
Current Health Status ◽  
The Impact ◽  
Positive Effect

AbstractUsing longitudinal data from the Canadian National Population Survey (1994–2006), this study examines the impact of income inequality on current health outcomes. The result suggests that once unobserved individual specific heterogeneity is controlled for, income inequality as measured by Gini Coefficient has no significant impact on current health status. This result holds true for contemporaneous income inequality as well as for lagged income inequalities. There are mixed results from the robustness check using various measures of income inequality. Decile Ratio (90P/10P) and Coefficient of Variation have no impacts on current health status. On the other hand, contemporaneous income inequality measured by Log Mean Deviation and Theil Index have significant negative effects on current health. All of the models suggest that absolute income has a significant positive effect on health status

Income, income inequality and schizophrenia in China: a population-based multilevel analysis

2020 ◽  
pp. jech-2019-213049
Author(s):  
Ruoxi Ding ◽  
Lei Zhang ◽  
Ping He ◽  
Xinming Song ◽  
Xiaoying Zheng
Keyword(s):  
Income Inequality ◽  
National Sample ◽  
Population Based ◽  
Sample Survey ◽  
Older Individuals ◽  
Absolute Income ◽  
Classification Of Diseases ◽  
International Statistical Classification ◽  
Province Level

BackgroundPrevious studies have suggested that socio-environmental factors interact with genetic risk in the genesis of schizophrenia. This study aimed to investigate the relationship between income, income inequality and schizophrenia and its heterogeneity among different geographic scales and subgroups.MethodsWe used data from the Second China National Sample Survey on Disability (2006). The sample consisted of 1 909 205 participants aged 18 years or older. Individuals who were suspected to be psychiatrically disabled were administered the WHO Disability Assessment Schedule, Version II and the International Statistical Classification of Diseases, Tenth Revision Symptom Checklist for Mental Disorders by trained clinical psychiatrists to diagnose schizophrenia. Gross household income per capita was used to calculate the Gini coefficient to measure income inequality. Multilevel logistic regression with cross-level interaction was applied to examine the association of income, income inequality and schizophrenia.ResultsA total of 7 628 persons (0.40%) were identified as having schizophrenia. Income was independently associated with schizophrenia. At the province level, greater income inequality was significantly associated with a higher risk of schizophrenia (OR, 1.03; 95% CI 1.00 to 1.06), and no significant association was observed at the county level. The analysis with cross-level interaction showed that the association at the province level was most pronounced in the highest income quartile (OR, 1.02; 95% CI 1.00 to 1.03).ConclusionThe significant association between income and schizophrenia was consistent with the absolute income hypothesis. The adverse effect of income inequality on the risk of schizophrenia starts to operate at a larger area level, and it is more pronounced for the affluent population in China. This finding further supports the relative income hypothesis and social causation pathway for schizophrenia and calls attention to the vulnerability of high-income groups.

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