Housing wealth distribution, inequality and residential satisfaction

被引：3
|
作者：
Bao, Helen X. H. [1 ]
Meng, Charlotte Chunming [2 ]
机构：
[1] Univ Cambridge, Dept Land Econ, Cambridge, England
[2] Queen Mary Univ London, Sch Business & Management, London, England
来源：
REGIONAL STUDIES | 2023年 / 57卷 / 11期
基金：
英国经济与社会研究理事会; 中国国家自然科学基金;
关键词：
housing policy; panel data analysis; fixed effects; social preference; behavioural economics; NEIGHBORHOOD SATISFACTION; PROSPECT THEORY; INCOME; HAPPINESS; ADAPTATION; MONEY; HOME;
D O I：
10.1080/00343404.2022.2159938
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This research investigates the relationship between housing wealth and residential satisfaction. Using household panel survey data from the UK, we find that individuals' asymmetric responses to changes in housing wealth distribution, that is, loss aversion experienced by the worse-off group, could offset the gain from an increase in housing wealth at the aggregate level. Consequently, housing wealth growth does not necessarily improve residential satisfaction for society as a whole if it leads to housing wealth inequality. Given the significant impact of housing wealth distribution on residential satisfaction, it is important to consider housing wealth inequality in making public policy decisions.
引用
收藏
页码：2238 / 2251
页数：14
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