(2016-12-01) Goda, Thomas; Stewart, Chris; Torres García, A.; Goda, Thomas; Stewart, Chris; Torres García, A.; Universidad EAFIT. Departamento de Economía y Finanzas; Estudios en Economía y Empresa (GEE)
Income inequality and house prices have risen sharply in developed countries during the last three decades. We argue that this co-movement is no coincidence but that inequality has driven up house prices on the grounds that it raises the total demand for