TY - JOUR
T1 - Changes in the distribution of housing wealth in Great Britain, 1985-91
AU - Henley, Andrew
N1 - cited By 12
PY - 1998
Y1 - 1998
N2 - 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 ere already owner-occupiers at the start of this period. The paper constructs housing wealth estimates disaggregated by housefold 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.
AB - 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 ere already owner-occupiers at the start of this period. The paper constructs housing wealth estimates disaggregated by housefold 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.
UR - https://www.scopus.com/inward/record.uri?eid=2-s2.0-0031768950&partnerID=40&md5=fddcaaf3445e3d984961aca67c154761
U2 - 10.1111/1468-0335.00134
DO - 10.1111/1468-0335.00134
M3 - Article
SN - 0013-0427
VL - 65
SP - 363
EP - 380
JO - Economica
JF - Economica
IS - 259
ER -