Income Inequality and House Prices - the Case of Bulgaria

2020 ◽  
Vol 9 (2) ◽  
pp. 176-184
Author(s):  
Hristo Mavrov ◽  
Keyword(s):  
Income Inequality ◽  
House Prices

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 Namibia

2019 ◽  
Vol 19 (295) ◽  
Author(s):  
Keyword(s):  
Income Inequality ◽  
Current Account ◽  
Public Debt ◽  
House Prices ◽  
Strong Growth ◽  
Current Account Deficits ◽  
Development Prospects

Namibia’s economy is rebalancing, but significant challenges remain. The fiscal and current account deficits have narrowed, and credit and house prices growth has decelerated. However, public debt remains on a rising path, reserve coverage is below adequate levels, and growth has recently halted. Past years of strong growth masked slowing productivity and deteriorating external competitiveness, hindering the country’s development prospects; while income inequality and unemployment remain persistently high.

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.

Credit Market Depth and Income Inequality in Vietnam: A Panel-Data Analysis

2016 ◽  
pp. 5-18
Author(s):  
Hoi Le Quoc ◽  
Hoi Chu Minh
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Income Inequality ◽  
Financial Development ◽  
Inflection Point ◽  
Panel Data Analysis ◽  
Credit Market ◽  
Method Of Moment ◽  
Market Depth ◽  
Generalized Method Of Moment

Financial development could exert various effects on income distribution of a country. By employing Generalized Method of Moment, this paper aims at examining the impacts of credit market depth, one of most used financial development barometers, on income inequality in Vietnam. The empirical findings show that expanding credit market in the country could lead to higher income inequality. We have not found evidence that supports the hypothesis of an inverted U-shaped relation ever introduced by Greenwood and Jovanovich, although this hypothesis may still hold in a sense that Vietnam has not reached to the inflection point to generate such a curve alike.

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