IDEAS home Printed from https://ideas.repec.org/a/taf/houspd/v16y2005i2p281-296.html
   My bibliography  Save this article

Does housing wealth contribute to or temper the widening wealth gap in America?

Author

Listed:
  • Zhu Di

Abstract

Does housing help to increase or temper the widening gap in the distribution of wealth? Paradoxically, it may do both. Housing wealth is still the cornerstone of household wealth, and homeowners hold almost all of the nation's wealth. The uneven distribution of household net wealth is worsening, even though housing helped homeowners increase net wealth during the last recession. Because housing wealth is more balanced than other types of wealth and home equity is more important to low‐income and minority households, it helps create a more egalitarian overall distribution of wealth. This article demonstrates that the relationship between housing wealth and the distribution of household net wealth and other types of wealth is significant and should be included in the criteria that frame future debates on housing policy.

Suggested Citation

  • Zhu Di, 2005. "Does housing wealth contribute to or temper the widening wealth gap in America?," Housing Policy Debate, Taylor & Francis Journals, vol. 16(2), pages 281-296.
    • Handle: RePEc:taf:houspd:v:16:y:2005:i:2:p:281-296
    DOI: 10.1080/10511482.2005.9521544
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10511482.2005.9521544
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10511482.2005.9521544?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Caroline Dewilde, 2011. "GINI DP 18: The interplay between economic inequality trends and housing regime changes in advanced welfare democracies," GINI Discussion Papers 18, AIAS, Amsterdam Institute for Advanced Labour Studies.
    2. Eileen Diaz McConnell & Ilana Redstone Akresh, 2013. "Home Equity of New Legal Immigrants in the United States: An Evaluation of Three Key Theoretical Perspectives," International Migration Review, Wiley Blackwell, vol. 47(3), pages 686-729, September.
    3. Tang, Yang & Ni, Xinwen, 2019. "Understanding the Role of Housing in Inequality and Social Mobility," IRTG 1792 Discussion Papers 2019-010, Humboldt University of Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series".
    4. Brett Christophers, 2021. "A tale of two inequalities: Housing-wealth inequality and tenure inequality," Environment and Planning A, , vol. 53(3), pages 573-594, May.
    5. Mayock, Tom & Malacrida, Rachel Spritzer, 2018. "Socioeconomic and racial disparities in the financial returns to homeownership," Regional Science and Urban Economics, Elsevier, vol. 70(C), pages 80-96.
    6. Gregory D. Squires, 2007. "Demobilization of the Individualistic Bias: Housing Market Discrimination as a Contributor to Labor Market and Economic Inequality," The ANNALS of the American Academy of Political and Social Science, , vol. 609(1), pages 200-214, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:houspd:v:16:y:2005:i:2:p:281-296. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RHPD20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.