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Changes in the Distribution of Housing Wealth in Great Britain, 1985-91

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  • Henley, Andrew

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. Copyright 1998 by The London School of Economics and Political Science

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Bibliographic Info

Article provided by London School of Economics and Political Science in its journal Economica.

Volume (Year): 65 (1998)
Issue (Month): 259 (August)
Pages: 363-80

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Handle: RePEc:bla:econom:v:65:y:1998:i:259:p:363-80

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Cited by:
  1. Pudney, Stephen, 2011. "Perception and retrospection: The dynamic consistency of responses to survey questions on wellbeing," Journal of Public Economics, Elsevier, vol. 95(3-4), pages 300-310, April.
  2. Luigi, Cannnari & Giovanni, D'Alessio & Romina, Gambacorta, 2008. "Capital Gains and Wealth Distribution in Italy," MPRA Paper 15108, University Library of Munich, Germany.
    • Luigi Cannari & Giovanni D'Alessio & Romina Gambacorta, 2007. "Capital gains and wealth distribution in Italy," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Measuring the financial position of the household sector", Basel, 30-31 August 2006 - Volume 2, volume 26, pages 129-156 Bank for International Settlements.
  3. Boheim, Rene & Taylor, Mark P., 2000. "My Home Was My Castle: Evictions and Repossessions in Britain," Journal of Housing Economics, Elsevier, vol. 9(4), pages 287-319, December.

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