Predicting Social Inequality in Poland Using Price Dispersion on the Real Estate Market

Tomasz Stachurski (), Tomasz Ża̧dło () and Alicja Wolny-Dominiak ()
Additional contact information
Tomasz Stachurski: University of Economics in Katowice
Tomasz Ża̧dło: University of Economics in Katowice
Alicja Wolny-Dominiak: University of Economics in Katowice

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2024, vol. 172, issue 3, No 8, 985-1003

Abstract: Abstract Measuring and predicting price dispersion on the real estate market is an important issue for both investors and policymakers. Price dispersion in the housing market can be seen as an additional dimension for measuring social inequality and one of the main goals of public policies that focus on life satisfaction and the accumulation of permanent wealth. The article considers the Polish real estate market and proposes the prediction methods of four measures of dispersion. They are based on quantiles and allow overall measurement of dispersion. In the prediction of dispersion measures the plug-in predictors utylizing longitudinal mixed models are proposed. Furthermore, the ex ante prediction accuracy measure called the quantile of absolute prediction errors (QAPE) is assessed using the residual bootstrap estimators. QAPE allows for a comprehensive description of the distribution of prediction errors, thus fostering discussion of possible various market scenarios.

Keywords: Price dispersion; Social inequality; Housing market; Prediction; Prediction accuracy; Residual bootstrap (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11205-024-03342-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:soinre:v:172:y:2024:i:3:d:10.1007_s11205-024-03342-7

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

DOI: 10.1007/s11205-024-03342-7

Access Statistics for this article

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement is currently edited by Filomena Maggino

More articles in Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().