Artikel
Imputed Rent and Income Inequality: A Decomposition Analysis for Great Britain, West Germany and the U.S.
This article deals with income advantages derived from owner-occupied housing and their impact on the personal income distribution. Using micro-data from the British Household Panel Study (BHPS), the German Socio-Economic Panel (SOEP), and the U.S. Panel Study of Income Dynamics (PSID) we find distinct cross-national differences in terms of the prevalence and extent of imputed rent. Results from inequality decomposition analyses show this overall impact to be the net effect of two conflicting changes: On the one hand there is increasing income inequality between the groups of owneroccupiers and renters, respectively, and, on the other hand, we find inequality to be decreasing within the group of those owner-occupiers who own outright. When focussing on imputed rent as a means of old-age provision, our results for all three countries show an income advantage for, as well as a poverty reducing effect among the elderly. The empirical findings support the claim for the need of an improved harmonization of this non-cash income component especially for the purpose of cross-national comparative research.
- Language
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Englisch
- Bibliographic citation
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Journal: Review of Income and Wealth ; ISSN: 1475-4991 ; Volume: 49 ; Year: 2003-12-04 ; Issue: 4 ; Pages: 513-537 ; Oxford: Wiley-Blackwell
- Classification
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Wirtschaft
Personal Income, Wealth, and Their Distributions
General Welfare; Well-Being
Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
- Subject
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Personal Income Distribution
Owner-occupied Housing
Imputed Rent
Old-age Provision
Einkommensverteilung
Wohneigentum
Alterssicherung
Schätzung
Vergleich
Deutschland
Großbritannien
USA
- Event
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Geistige Schöpfung
- (who)
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Frick, Joachim R.
Grabka, Markus M.
- Event
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Veröffentlichung
- (who)
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Wiley-Blackwell
- (where)
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Oxford
- (when)
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2003-12-04
- DOI
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doi:10.1111/j.0034-6586.2003.00102.x
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Frick, Joachim R.
- Grabka, Markus M.
- Wiley-Blackwell
Time of origin
- 2003-12-04
Other Objects (12)
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Old-Age Pension Entitlements Mitigate Inequality : But Concentration of Wealth Remains High
The personal distribution of income and imputed rent: A cross-national comparison for the UK, West Germany, and the USA
Assessing the Distributional Impact of "Imputed Rent" and "Non-cash Employee Income" in Microdata: Case Studies Based on EU-SILC (2004) and SOEP (2002)
Zur Bedeutung des Alterssicherungsvermögens für eine erweiterte Vermögensverteilungsrechung
Zur Entwicklung der Einkommen privater Haushalte in Deutschland bis 2004: zunehmender Einfluss von Arbeitslosigkeit auf Armut und Ungleichheit
Personelle Einkommensverteilung und der Einfluß von Imputed Rent
Der Einfluß von Imputed Rent auf die personelle Einkommensverteilung
Accounting for imputed and capital income flows in income inequality analyses
Accounting for Imputed and Capital Income Flows in Income Inequality Analyses
The Shrinking German Middle Class : Signs of Long-Term Polarization in Disposable Income?
Zur Entwicklung der Einkommen privater Haushalte in Deutschland bis 2004 : zunehmender Einfluss von Arbeitslosigkeit auf Armut und Ungleichheit
Wealth Inequality on the Rise in Germany
Old-Age Pension Entitlements Mitigate Inequality : But Concentration of Wealth Remains High
The personal distribution of income and imputed rent: A cross-national comparison for the UK, West Germany, and the USA
Assessing the Distributional Impact of "Imputed Rent" and "Non-cash Employee Income" in Microdata: Case Studies Based on EU-SILC (2004) and SOEP (2002)
Zur Bedeutung des Alterssicherungsvermögens für eine erweiterte Vermögensverteilungsrechung
Zur Entwicklung der Einkommen privater Haushalte in Deutschland bis 2004: zunehmender Einfluss von Arbeitslosigkeit auf Armut und Ungleichheit
Personelle Einkommensverteilung und der Einfluß von Imputed Rent
Der Einfluß von Imputed Rent auf die personelle Einkommensverteilung
Accounting for imputed and capital income flows in income inequality analyses
Accounting for Imputed and Capital Income Flows in Income Inequality Analyses
The Shrinking German Middle Class : Signs of Long-Term Polarization in Disposable Income?
Zur Entwicklung der Einkommen privater Haushalte in Deutschland bis 2004 : zunehmender Einfluss von Arbeitslosigkeit auf Armut und Ungleichheit
Wealth Inequality on the Rise in Germany
Old-Age Pension Entitlements Mitigate Inequality : But Concentration of Wealth Remains High
The personal distribution of income and imputed rent: A cross-national comparison for the UK, West Germany, and the USA
Assessing the Distributional Impact of "Imputed Rent" and "Non-cash Employee Income" in Microdata: Case Studies Based on EU-SILC (2004) and SOEP (2002)
Zur Bedeutung des Alterssicherungsvermögens für eine erweiterte Vermögensverteilungsrechung