Dustmann, C;
Fitzenberger, B;
Zimmermann, M;
(2021)
Housing Expenditure and Income Inequality.
The Economic Journal
10.1093/ej/ueab097.
(In press).
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Abstract
The trend of rising income inequality in Germany since the mid-1990s is strongly amplified when considering income after housing expenditure. The income share of housing expenditure rose disproportionally for the bottom income quintile and fell for the top quintile. Factors contributing to these trends include declining relative costs of homeownership versus renting, changes in household structure, declining real incomes for low-income households, and residential mobility towards larger cities. Younger cohorts spend more on housing and save less than older cohorts did at the same age, which will affect future wealth accumulation, particularly at the bottom of the income distribution.
| Type: | Article |
|---|---|
| Title: | Housing Expenditure and Income Inequality |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1093/ej/ueab097 |
| Publisher version: | https://doi.org/10.1093/ej/ueab097 |
| Language: | English |
| Additional information: | © The Author(s) 2021. Published by Oxford University Press on behalf of Royal Economic Society. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial License (https://creativecommons.org/licenses/by-nc/4.0/). |
| Keywords: | D31 - Personal Income, Wealth, and Their Distributions R21 - Housing Demand |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10141769 |
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