Housing, wealth accumulation and wealth distribution: Evidence and stylized facts:
This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several questions: i) How is homeownership and housing tenure distributed...
Gespeichert in:
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2019
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1588 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several questions: i) How is homeownership and housing tenure distributed across the population along various socio-economic characteristics such as income, wealth and age? What is the weight of housing in households' balance sheets and how does this vary across socio-economic groups? ii) What is the incidence of mortgage debt across households and how does this vary across socio-economic groups? What is the impact of mortgage debt on access to homeownership and wealth accumulation, and on debt overburden and financial risks among vulnerable groups? iii) Is housing a vehicle for wealth accumulation? Can it be a barrier to residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in total wealth? A key policy issue addressed in this paper is whether and how housing-related policies affect wealth distribution. Another important issue is whether housing-related policies raise potential trade-offs between equity, or inequality reduction, and other policy objectives such as employment and productivity growth as well as macroeconomic resilience. Informed by the stylised facts and existing evidence, this paper discusses preliminary policy implications of housing reform to promote inclusiveness and social mobility, to enhance efficiency in the allocation of labour and capital and to strengthen macroeconomic resilience. |
| Beschreibung: | 1 Online-Ressource (80 p.) |
| DOI: | 10.1787/86954c10-en |
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| spelling | Causa, Orsetta VerfasserIn aut Housing, wealth accumulation and wealth distribution: Evidence and stylized facts Orsetta, Causa, Nicolas, Woloszko and David, Leite Paris OECD Publishing 2019 1 Online-Ressource (80 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1588 This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several questions: i) How is homeownership and housing tenure distributed across the population along various socio-economic characteristics such as income, wealth and age? What is the weight of housing in households' balance sheets and how does this vary across socio-economic groups? ii) What is the incidence of mortgage debt across households and how does this vary across socio-economic groups? What is the impact of mortgage debt on access to homeownership and wealth accumulation, and on debt overburden and financial risks among vulnerable groups? iii) Is housing a vehicle for wealth accumulation? Can it be a barrier to residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in total wealth? A key policy issue addressed in this paper is whether and how housing-related policies affect wealth distribution. Another important issue is whether housing-related policies raise potential trade-offs between equity, or inequality reduction, and other policy objectives such as employment and productivity growth as well as macroeconomic resilience. Informed by the stylised facts and existing evidence, this paper discusses preliminary policy implications of housing reform to promote inclusiveness and social mobility, to enhance efficiency in the allocation of labour and capital and to strengthen macroeconomic resilience. Economics Woloszko, Nicolas MitwirkendeR ctb Leite, David MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/86954c10-en Volltext |
| spellingShingle | Causa, Orsetta Housing, wealth accumulation and wealth distribution: Evidence and stylized facts Economics |
| title | Housing, wealth accumulation and wealth distribution: Evidence and stylized facts |
| title_auth | Housing, wealth accumulation and wealth distribution: Evidence and stylized facts |
| title_exact_search | Housing, wealth accumulation and wealth distribution: Evidence and stylized facts |
| title_full | Housing, wealth accumulation and wealth distribution: Evidence and stylized facts Orsetta, Causa, Nicolas, Woloszko and David, Leite |
| title_fullStr | Housing, wealth accumulation and wealth distribution: Evidence and stylized facts Orsetta, Causa, Nicolas, Woloszko and David, Leite |
| title_full_unstemmed | Housing, wealth accumulation and wealth distribution: Evidence and stylized facts Orsetta, Causa, Nicolas, Woloszko and David, Leite |
| title_short | Housing, wealth accumulation and wealth distribution: Evidence and stylized facts |
| title_sort | housing wealth accumulation and wealth distribution evidence and stylized facts |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/86954c10-en |
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