This paper investigates the dynamics of spatial inequality in gross housing wealth in the UK. Our results challenge recent research findings in the UK that suggest inexorable rises in housing wealth inequality. We argue that such findings are illusory, arising in part from the use of final period price levels to categorize areas into low and high house price locations. We use Monte Carlo simulations to illustrate the bias that final period categorization introduces and we then estimate how gross housing wealth inequality changes over time using a battery of measures. All our results indicate that there is evidence of cycles in housing wealth inequality but no evidence of an upward trend. Most surprisingly, the cycles in inequality are found to be of very large amplitude and this may have important effects on consumption, work incentives and business formation. We also find that the entire distribution of house values has shifted which is likely to imply a growing gulf in housing wealth between owners and renters over the period considered.View full textDownload full textKeywordshousing wealth, inequalityRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/10511482.2010.534389
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机译：本文研究了英国住房总财富中空间不平等的动态。我们的结果对英国最近的研究结果提出了挑战，这些研究表明住房财富不平等现象势不可挡。我们认为，这种发现是虚幻的，部分是由于使用期末价格水平来将区域分为高低房价区域。我们使用蒙特卡洛（Monte Carlo）模拟来说明末期分类引入的偏见，然后我们使用一系列衡量方法来估算住房总财富不平等如何随时间变化。我们所有的结果表明，有证据表明住房财富不平等的周期在不断循环，但没有上升趋势的证据。最令人惊讶的是，人们发现不平等的循环幅度非常大，这可能对消费，工作激励和业务组建产生重要影响。我们还发现，房屋价值的整体分布已经发生了变化，这可能意味着在所考虑的时期内，业主和租房者之间的住房财富之间的鸿沟正在不断增大。查看全文下载全文关键字shoulding财富，inequalityRelated var addthis_config = {ui_cobrand：“泰勒和弗朗西斯在线”，services_compact：“ citeulike，netvibes，twitter，technorati，可口，linkedin，facebook，stumbleupon，digg，google，更多”，发布号：“ ra-4dff56cd6bb1830b”};添加到候选列表链接永久链接http://dx.doi.org/10.1080/10511482.2010.534389
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