Immobilien und Ungleichheit
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Immobilien und Ungleichheit
Bartels, Charlotte | Maaßen, Lotte
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 91 (2022), Iss. 1 : pp. 41–54
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Charlotte Bartels, DIW Berlin
- Charlotte Bartels, Dr. rer. pol., ist Wissenschaftliche Mitarbeiterin an der Infrastruktureinrichtung Sozio-Ökonomisches Panel (SOEP) am Deutschen Institut für Wirtschaftsforschung (DIW Berlin). Sie forscht in den Bereichen der Finanzwissenschaft, Arbeitsmarktökonomie und Wirtschaftsgeschichte. Zu ihren Forschungsschwerpunkten gehören die langfristige Entwicklung und zugrundeliegende Mechanismen der Einkommens- und Vermögensverteilung sowie die Effekte von Steuer- und Sozialpolitik.
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Lotte Maaßen, DIW Berlin
- Lotte Maaßen absolvierte ihren Bachelor in Volkswirtschaftslehre an der Humboldt Universität zu Berlin und schließt momentan ihren Master Economics an der Freien Universität Berlin ab. In ihrer Masterarbeit analysiert sie die regionale Verteilung von Immobilienvermögen in Deutschland. Sie arbeitet als Wissenschaftliche Hilfskraft am Deutschen Institut für Wirtschaftsforschung (DIW Berlin) und hat hier insbesondere das Projekt „Distributional National Accounts (DINA) for Germany“ unterstützt.
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Abstract
Since the middle of the 20th century, the macroeconomic importance of real estate has been increasing in many countries. This also brings to attention the distribution of housing wealth and its impact on wealth and income inequality. We first look at the long-term development of real estate prices, home ownership rates and wealth concentration, addressing international as well as regional differences within Germany. In general, higher ownership rates are associated with lower levels of wealth inequality. In Germany, the recent increase in real estate prices has caused the gap between the upper and lower halves of the wealth distribution to widen. We then show, that the distribution of rental income and housing wealth can explain approximately one third of total income and wealth inequality. Finally, we address the distributional effects of prominent housing policy measures, which are mostly ambiguous and depend on the design of individual policy measures.