Housing wealth distribution, inequality and residential satisfaction
利用英国家庭面板调查数据，发现住房财富增长若加剧不平等，会因劣势群体的损失厌恶而抵消整体居住满意度的提升，对政策制定有启示。
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.