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The social and economic consequences of housing wealth inequalities

The social and economic consequences of housing wealth inequalities by Adriana Mihaela Soaita, Duncan Maclennan and Kenneth Gibb, focusses on the impact of homeownership on wealth inequalities, drawing on data from over 30 countries. The article points to increasing inequalities between homeowners, landlords and tenants, particularly when asset-based welfare is taken into account. They also point to evidence that increasing housing wealth inequalities adversely affect the productivity and stability of economies and contribute to deeper recessions. In short, they argue that these inequalities matter.

Author(s): Adriana Mihaela Soaita, Ken Gibb, Duncan MacLennan
Published: 11 January 2021