Absolute Income Inequality and Rising House Prices
Fecha
2016-12-01
Autores
Goda, Thomas
Goda, Thomas
Stewart, Chris
Stewart, Chris
Torres García, A.
Torres García, A.
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Resumen
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