IRIS - Institutional Research Information System
IRIS è il sistema di gestione integrata dei dati della ricerca adottato dalla LUISS Guido Carli. Il Catalogo dei prodotti della ricerca della LUISS raccoglie e rende disponibile, dove possibile nel rispetto del diritto d'autore, la produzione scientifica dei docenti e ricercatori dell'Ateneo. Il Catalogo alimenta inoltre i siti docenti del MIUR.
EnglishWe 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.
http://hdl.handle.net/11385/155826| Titolo: | The Housing Cost Disease |
| Autori interni: | BORRI, NICOLA REICHLIN, PIETRO |
| Data di pubblicazione: | 2015 |
| Abstract: | 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. |
| Handle: | http://hdl.handle.net/11385/155826 |
| Appare nelle tipologie: | 05 - Working Paper |
File in questo prodotto:
| File | Descrizione | Dimensione | Formato | Tipologia | Licenza | |
|---|---|---|---|---|---|---|
| housing_07092015.pdf | 665.23 kB | Adobe PDF | Non specificato | Administrator |
Copyright © 2017