Does housing wealth contribute to or temper the widening wealth gap in America?
Zhu Di
Housing Policy Debate, 2005, vol. 16, issue 2, 281-296
Abstract:
Does housing help to increase or temper the widening gap in the distribution of wealth? Paradoxically, it may do both. Housing wealth is still the cornerstone of household wealth, and homeowners hold almost all of the nation's wealth. The uneven distribution of household net wealth is worsening, even though housing helped homeowners increase net wealth during the last recession. Because housing wealth is more balanced than other types of wealth and home equity is more important to low‐income and minority households, it helps create a more egalitarian overall distribution of wealth. This article demonstrates that the relationship between housing wealth and the distribution of household net wealth and other types of wealth is significant and should be included in the criteria that frame future debates on housing policy.
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (6)
Downloads: (external link)
http://hdl.handle.net/10.1080/10511482.2005.9521544 (text/html)
Access to full text is restricted to subscribers.
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:taf:houspd:v:16:y:2005:i:2:p:281-296
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RHPD20
DOI: 10.1080/10511482.2005.9521544
Access Statistics for this article
Housing Policy Debate is currently edited by Tom Sanchez, Susanne Viscarra and Derek Hyra
More articles in Housing Policy Debate from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().