Higher property prices linked to income inequality: study
- Written by Hassan F. Gholipour, Lecturer in Economics, Swinburne University of Technology
Higher property prices are not only associated with higher income inequality but also with a higher inequality in household spending, our research shows. We examined three decades of data from 1982 to 2012 in Iran, where income inequality is the highest in the Middle East. We found that a 1% increase in housing costs increases income inequality...