| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10756 |
| DP10756 The Housing Cost Disease | |
| PIETRO REICHLIN; Nicola Borri | |
| 发表日期 | 2015-08-09 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We use a simple two-sector, life-cycle economy with bequests to explain the increasing wealth to income ratio, housing wealth and wealth inequality that have been observed in several countries over the long-run as a consequence of a rising labor efficiency in manufacturing (housing cost disease). When consumption inequality across households is sufficiently large, the housing cost disease has adverse effects on a measure of social welfare based on an egalitarian principle: the higher the housing's value appreciation, the lower the welfare benefit of a rising labor efficiency in manufacturing. |
| 主题 | International Macroeconomics and Finance ; Macroeconomics and Growth |
| 关键词 | Capital Housing Productivity Wealth Wealth inequality |
| URL | https://cepr.org/publications/dp10756 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539587 |
| 推荐引用方式 GB/T 7714 | PIETRO REICHLIN,Nicola Borri. DP10756 The Housing Cost Disease. 2015. |
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