Economics at your fingertips  

Housing, Neighborhoods and Inequality

Guillaume G.C. Chapelle, Gerard Domènech-Arumí () and Paula Gobbi

No 2023-06, Working Papers ECARES from ULB -- Universite Libre de Bruxelles

Abstract: This chapter provides an up-to-date review of the literature on housing, inequality, and neighborhoods while highlighting their many intersections. Inequality across and within countries is generally high and growing, particularly in terms of wealth. Levels and trends in inequality depend on multiple factors, such as institutions and varying exposure to shocks, and cannot be understood without accounting for the role of housing. Housing is a major component of households’ expenditures and the most important and evenly distributed asset in the population. Moreover, regional inequalities may not be as severe as they initially appear after accounting for differences in housing costs across geographies. Conversely, the negative outlook on these inequalities may be exacerbated when considering the implications of households’ uneven sorting within cities – with the most disadvantaged individuals predominantly residing in neighborhoods with lower-quality local public goods and amenities. Sorting endogenously arises due to multiple factors and impacts the dynamics and persistence of inequality through neighborhood effects, with schools playing a crucial role. National housing policies and interventions at the local level can help revert segregation and undesirable inequality dynamics. Housing allowances, tax incentives to build affordable housing in high-income neighborhoods, and school desegregation policies appear to be the most promising avenues to that goal.

Keywords: Housing; Neighborhoods; Inequality (search for similar items in EconPapers)
Pages: 39 p.
Date: 2023-03
New Economics Papers: this item is included in nep-ure
References: View references in EconPapers View complete reference list from CitEc

Published by:

Downloads: (external link) ... MI_GOBBI-housing.pdf Œuvre complète ou partie de l'œuvre (application/pdf)

Related works:
Working Paper: Housing, Neighborhoods and Inequality (2023) Downloads
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 working paper can be ordered from ...

Access Statistics for this paper

More papers in Working Papers ECARES from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().

Page updated 2024-07-14
Handle: RePEc:eca:wpaper:2013/356803