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Housing Inequality.pdf

2014-07.pdf
Preview of Housing Inequality
🔗 Source: sciencespo.hal.science
📊 Size: 762 KB
👤 Author: Odran Bonnet, Pierre-Henri Bono, Guillaume Flamerie de La Chapelle, Etienne Wasmer
⬇️ Downloads: 233

Summary

Researchers Odran Bonnet, Pierre-Henri Bono, Guillaume Flamerie de La Chapelle, and Etienne Wasmer challenge Thomas Piketty's conclusion in "Capital in the 21st Century" that wealth inequality is increasing due to capital accumulating faster than income. They argue that Piketty's result is based on the rise of housing capital and prices, but "productive" capital, excluding housing, has only risen weakly relative to income. They suggest that rent, not housing prices, should be used to measure the dynamics of wealth inequality, and when applying this change, they find that the capital/income ratio is stable or only mildly higher in countries like France, the US, the UK, and Canada, contrary to Piketty's findings.

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Researchers Odran Bonnet, Pierre-Henri Bono, Guillaume Flamerie de La Chapelle, and Etienne Wasmer challenge Thomas Piketty's conclusion in "Capital in the...

Technical Information

  • File Format: PDF
  • File Size: 762 KB
  • Pages: 14
  • Language: EN
  • Author: Odran Bonnet, Pierre-Henri Bono, Guillaume Flamerie de La Chapelle, Etienne Wasmer
  • Total Downloads: 233
  • Last Updated: 1 week ago

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