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|a In this paper, we show that, in terms of real disposable income, changes in housing expenditures dramatically exacerbate the trend of income inequality that has risen sharply in Germany since the mid-1990s. More specifically, whereas the 50/10 ratio of net household income increases by 22 percentage points (pp) between 1993 and 2013, it increases by 62 pp for income net of housing expenditures. At the same time, the income share of housing expenditures rises disproportionally for the bottom income quintile and falls for the top quintile. Factors contributing to these trends include a decline in the relative costs of homeownership versus renting, changes in household structure, and residential mobility toward larger cities. Younger cohorts spend more on housing and save less than older cohorts did at the same age, with possibly negative consequences for wealth accumulation, particularly for those at the bottom of the income distribution.
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Electronic Resources |
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Dustmann, Christian, Fitzenberger, Bernd, Zimmermann, Markus |
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Dustmann, Christian, Fitzenberger, Bernd, Zimmermann, Markus |
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Dustmann, Christian |
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contents |
In this paper, we show that, in terms of real disposable income, changes in housing expenditures dramatically exacerbate the trend of income inequality that has risen sharply in Germany since the mid-1990s. More specifically, whereas the 50/10 ratio of net household income increases by 22 percentage points (pp) between 1993 and 2013, it increases by 62 pp for income net of housing expenditures. At the same time, the income share of housing expenditures rises disproportionally for the bottom income quintile and falls for the top quintile. Factors contributing to these trends include a decline in the relative costs of homeownership versus renting, changes in household structure, and residential mobility toward larger cities. Younger cohorts spend more on housing and save less than older cohorts did at the same age, with possibly negative consequences for wealth accumulation, particularly for those at the bottom of the income distribution. |
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(DE-627)1045721972, (DE-599)GBV1045721972 |
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Online, Free |
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Forschungsinstitut zur Zukunft der Arbeit: Discussion paper series |
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Forschungsinstitut zur Zukunft der Arbeit: Discussion paper series |
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Bonn, Germany, IZA, November 2018 |
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Bonn, Germany: IZA, November 2018 |
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DE-D117, DE-105, LFER, DE-Ch1, DE-15, DE-14, DE-L242, DE-Zwi2 |
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Housing expenditures and income inequality |
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Verbunddaten SWB, Lizenzfreie Online-Ressourcen |
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281231559 |
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(281231559)no. 11953 |
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1 Online-Ressource (circa 70 Seiten); Illustrationen |
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Forschungsinstitut zur Zukunft der Arbeit, Discussion paper series, no. 11953 |
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Discussion paper series / IZA ; no. 11953 |
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spelling |
Dustmann, Christian VerfasserIn (DE-588)112830323 (DE-627)392381281 (DE-576)289743923 aut, Housing expenditures and income inequality Christian Dustmann, Bernd Fitzenberger, Markus Zimmermann, Bonn, Germany IZA November 2018, 1 Online-Ressource (circa 70 Seiten) Illustrationen, Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, Discussion paper series / IZA no. 11953, In this paper, we show that, in terms of real disposable income, changes in housing expenditures dramatically exacerbate the trend of income inequality that has risen sharply in Germany since the mid-1990s. More specifically, whereas the 50/10 ratio of net household income increases by 22 percentage points (pp) between 1993 and 2013, it increases by 62 pp for income net of housing expenditures. At the same time, the income share of housing expenditures rises disproportionally for the bottom income quintile and falls for the top quintile. Factors contributing to these trends include a decline in the relative costs of homeownership versus renting, changes in household structure, and residential mobility toward larger cities. Younger cohorts spend more on housing and save less than older cohorts did at the same age, with possibly negative consequences for wealth accumulation, particularly for those at the bottom of the income distribution., Fitzenberger, Bernd 1963- VerfasserIn (DE-588)11291537X (DE-627)517879700 (DE-576)164505873 aut, Zimmermann, Markus VerfasserIn (DE-588)1135672776 (DE-627)890657785 (DE-576)490022626 aut, Forschungsinstitut zur Zukunft der Arbeit Discussion paper series no. 11953 11953000 (DE-627)369870360 (DE-576)281231559 (DE-600)2120053-1, http://hdl.handle.net/10419/193247 Resolving-System kostenfrei Volltext, https://www.iza.org/publications/dp/11953/housing-expenditures-and-income-inequality Verlag kostenfrei Volltext, http://ftp.iza.org/dp11953.pdf Verlag kostenfrei Volltext, http://ftp.iza.org/dp11953.pdf LFER, LFER 2019-05-07T00:00:00Z |
spellingShingle |
Dustmann, Christian, Fitzenberger, Bernd, Zimmermann, Markus, Housing expenditures and income inequality, Forschungsinstitut zur Zukunft der Arbeit, Discussion paper series, no. 11953, In this paper, we show that, in terms of real disposable income, changes in housing expenditures dramatically exacerbate the trend of income inequality that has risen sharply in Germany since the mid-1990s. More specifically, whereas the 50/10 ratio of net household income increases by 22 percentage points (pp) between 1993 and 2013, it increases by 62 pp for income net of housing expenditures. At the same time, the income share of housing expenditures rises disproportionally for the bottom income quintile and falls for the top quintile. Factors contributing to these trends include a decline in the relative costs of homeownership versus renting, changes in household structure, and residential mobility toward larger cities. Younger cohorts spend more on housing and save less than older cohorts did at the same age, with possibly negative consequences for wealth accumulation, particularly for those at the bottom of the income distribution. |
title |
Housing expenditures and income inequality |
title_auth |
Housing expenditures and income inequality |
title_full |
Housing expenditures and income inequality Christian Dustmann, Bernd Fitzenberger, Markus Zimmermann |
title_fullStr |
Housing expenditures and income inequality Christian Dustmann, Bernd Fitzenberger, Markus Zimmermann |
title_full_unstemmed |
Housing expenditures and income inequality Christian Dustmann, Bernd Fitzenberger, Markus Zimmermann |
title_in_hierarchy |
no. 11953. Housing expenditures and income inequality (November 2018) |
title_short |
Housing expenditures and income inequality |
title_sort |
housing expenditures and income inequality |
title_unstemmed |
Housing expenditures and income inequality |
url |
http://hdl.handle.net/10419/193247, https://www.iza.org/publications/dp/11953/housing-expenditures-and-income-inequality, http://ftp.iza.org/dp11953.pdf |