EconPapers    
Economics at your fingertips  
 

Income Inequality and House Prices across US States

Edmond Berisha (), John Meszaros () and Rangan Gupta ()
Additional contact information
Edmond Berisha: Montclair State University
John Meszaros: U.S. Postal Service

No GRU_2021_018, GRU Working Paper Series from City University of Hong Kong, Department of Economics and Finance, Global Research Unit

Abstract: This paper studies the secular increase in US income inequality and its relation to growing house prices over the past three decades. We explore income inequality’s effect on house prices based on a high-frequency (quarterly) data-set for all US states, including the District of Columbia. The analysis show that higher income inequality decreases the growth rate of house prices. However, the relationship differs for the Northeast region. We find higher income inequality corresponds with higher house prices across the states within the Northeast region.

Keywords: Inequality; House Prices; Regional Studies (search for similar items in EconPapers)
JEL-codes: D60 O40 O50 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2021-05-17
New Economics Papers: this item is included in nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.cb.cityu.edu.hk/ef/doc/GRU/WPS/GRU%232021-018%20Gupta.pdf (application/pdf)

Related works:
Working Paper: Income Inequality and House Prices across US States (2021)
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:cth:wpaper:gru_2021_018

Access Statistics for this paper

More papers in GRU Working Paper Series from City University of Hong Kong, Department of Economics and Finance, Global Research Unit Contact information at EDIRC.
Bibliographic data for series maintained by GRU ( this e-mail address is bad, please contact ).

 
Page updated 2022-08-30
Handle: RePEc:cth:wpaper:gru_2021_018