Is the Housing Market an Inequality Generator?
利用挪威全国住房登记和交易数据,追踪六个出生队列所有者的实际和潜在资本收益,发现2007至2019年间资本收益不平等显著加剧,且奥斯陆地区男女所有者收益分布存在显著差异。
Abstract We study inequality generated by capital gains in the housing market by exploiting two countrywide data sources in Norway: a registry of housing units and a database of transactions. We identify and follow all individuals in six birth cohorts in Norway, who were owners on January 1, 2007, and on January 1, 2019, and estimate the sum of their actual and potential capital gains from their owned and sold properties. We demonstrate that there is a substantial increase in capital gains inequality over the period, both across and within geographical strata and across and within birth cohorts. We find a statistically significant and economically meaningful difference between the distributions of capital gains of female and male owners in Oslo.