Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Housing wealth distribution, inequality and residential satisfaction
This research investigates the relationship between housing wealth and residential satisfaction. Using household panel survey data from the UK, we find that individuals’ asymmetric responses to changes in housing wealth distribution, that is, loss aversion experienced by the worse-off group, could offset the gain from an increase in housing wealth at the aggregate level. Consequently, housing wealth growth does not necessarily improve residential satisfaction for society as a whole if it leads to housing wealth inequality. Given the significant impact of housing wealth distribution on residential satisfaction, it is important to consider housing wealth inequality in making public policy decisions.
Housing wealth distribution, inequality and residential satisfaction
This research investigates the relationship between housing wealth and residential satisfaction. Using household panel survey data from the UK, we find that individuals’ asymmetric responses to changes in housing wealth distribution, that is, loss aversion experienced by the worse-off group, could offset the gain from an increase in housing wealth at the aggregate level. Consequently, housing wealth growth does not necessarily improve residential satisfaction for society as a whole if it leads to housing wealth inequality. Given the significant impact of housing wealth distribution on residential satisfaction, it is important to consider housing wealth inequality in making public policy decisions.
Housing wealth distribution, inequality and residential satisfaction
Bao, Helen X. H. (Autor:in) / Meng, Charlotte Chunming (Autor:in)
Regional Studies ; 57 ; 2238-2251
02.11.2023
14 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
housing policy , panel data analysis , fixed effects , social preference , behavioural economics , D31 , I31 , R11 , R21 , R28
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