Economics at your fingertips  

Housing affordability: a framing, synthesis of research and policy, and future directions

George Galster and Kwan Ok Lee

International Journal of Urban Sciences, 2021, vol. 25, issue S1, 7-58

Abstract: We synthesize the vast, international scholarly literature related to the growing problem of housing affordability. As a foundation for assessing both the causes of housing affordability problems and possible policies for alleviating them, we take a systematic, holistic perspective and specify nine structural relationships for a metropolitan area that comprehensively delineate the determinants of housing affordability. We discuss concepts and measures of housing affordability, evidence on the primary causes and effects of unaffordable housing, alternative policy approaches, potential future trends in affordability, and suggestions for further research. While focusing on the most recent, high-quality empirical evidence, we also rely on previously published reviews and seminal papers in order to provide historical perspective on how the literature has evolved. Our reconnaissance of the international literature since 2008 demonstrates that although evaluation research in the context of western, developed countries’ housing policies has dominated, increasingly such research has emerged from other countries.Highlights We discuss how to frame housing affordability issues, synthesize evidence from the relevant literature, and propose directions for future research.We take a holistic perspective to understand causes of housing affordability problems and assess policy responses.Our review of the international scholarly literature encompasses the evidence from non-western, developing countries.Despite the extensive literature, there remain unexplored questions and emerging topics.

Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (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:

Ordering information: This journal article can be ordered from

DOI: 10.1080/12265934.2020.1713864

Access Statistics for this article

International Journal of Urban Sciences is currently edited by Dongjoo Park and Mack Joong Choi

More articles in International Journal of Urban Sciences from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

Page updated 2021-09-11
Handle: RePEc:taf:rjusxx:v:25:y:2021:i:s1:p:7-58