Changes in the distribution of housing wealth in Great Britain, 1985-91

Andrew Henley

Research output: Contribution to journalArticlepeer-review

19 Citations (SciVal)

Abstract

The second half of the 1980s was a particularly turbulent time for the British housing market, during which time sizeable real capital gains accrued to owner-occupiers, particularly those who were already owner-occupiers at the start of this period. The paper constructs housing wealth estimates disaggregated by household from the 1985 GHS and 1991 BHPS Wave 1 in order to explain the distributional consequences of the housing market experience. The paper finds that there has been a modest increase in housing wealth inequality, but one that is more pronounced for gross housing wealth compared with equity. This growth has been offset by the growth in owner-occupation and the benefits of the council house right-to-buy scheme.

Original languageEnglish
Pages (from-to)363-380
Number of pages18
JournalEconomica
Volume65
Issue number259
DOIs
Publication statusPublished - Aug 1998

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