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

  • Henley, Andrew

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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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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