The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia
dc.contributor.author | ViforJ, Rachel Ong | |
dc.contributor.author | Phelps, Christopher | |
dc.date.accessioned | 2023-12-01T11:04:37Z | |
dc.date.available | 2023-12-01T11:04:37Z | |
dc.date.issued | 2023 | |
dc.identifier.citation | Ong ViforJ, R. and Phelps, C. 2023. The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia. Housing, Theory and Society. 40 (2): pp. 238-257. | |
dc.identifier.uri | http://hdl.handle.net/20.500.11937/93871 | |
dc.identifier.doi | 10.1080/14036096.2022.2161622 | |
dc.description.abstract |
This paper unpacks the drivers of growing intergenerational housing wealth inequality in Australia. We also account for the multidimensional nature of housing wealth divides by examining the interaction between age and other divides. We find that the Australian intergenerational housing wealth gap widened from 161% in 1997–98 to 234% in 2017–18, favouring the older cohort. This was driven by lower rates of homeownership and lower property value growth among younger cohorts, with the relative lack of homeownership access the more significant driver. However, higher rates of couple formation and tertiary education amongst the young mitigated a further widening of the gap. The intergenerational housing wealth gap is exacerbated within specific population subgroups. The growing housing wealth gap between the income-poor young and income-rich old has been particularly alarming, climbing from 532% to 1230% over two decades. We discuss implications for policies seeking to alleviate intergenerational tensions in housing markets. | |
dc.language | English | |
dc.publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | |
dc.relation.sponsoredby | http://purl.org/au-research/grants/arc/FT200100422 | |
dc.subject | Science & Technology | |
dc.subject | Social Sciences | |
dc.subject | Life Sciences & Biomedicine | |
dc.subject | Environmental Studies | |
dc.subject | Regional & Urban Planning | |
dc.subject | Urban Studies | |
dc.subject | Environmental Sciences & Ecology | |
dc.subject | Public Administration | |
dc.subject | Housing | |
dc.subject | wealth | |
dc.subject | inequality | |
dc.subject | intergenerational | |
dc.subject | homeownership | |
dc.subject | EQUITY WITHDRAWAL | |
dc.subject | HOMEOWNERSHIP | |
dc.subject | INEQUALITY | |
dc.subject | OWNERSHIP | |
dc.subject | ACCUMULATION | |
dc.subject | SECURITY | |
dc.subject | GAP | |
dc.title | The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia | |
dc.type | Journal Article | |
dcterms.source.volume | 40 | |
dcterms.source.number | 2 | |
dcterms.source.startPage | 238 | |
dcterms.source.endPage | 257 | |
dcterms.source.issn | 1403-6096 | |
dcterms.source.title | Housing, Theory and Society | |
dc.date.updated | 2023-12-01T11:04:37Z | |
curtin.note |
This is an Accepted Manuscript of an article published by Taylor & Francis in Housing, Theory and Society on 08 Jan 2023, available at: https://doi.org/10.1080/14036096.2022.2161622. | |
curtin.department | School of Accounting, Economics and Finance | |
curtin.accessStatus | Open access | |
curtin.faculty | Faculty of Business and Law | |
curtin.contributor.orcid | Phelps, Christopher [0000-0002-9437-1595] | |
curtin.contributor.orcid | ViforJ, Rachel Ong [0000-0001-8557-8802] | |
curtin.contributor.researcherid | ViforJ, Rachel Ong [C-1097-2008] | |
dcterms.source.eissn | 1651-2278 | |
curtin.contributor.scopusauthorid | ViforJ, Rachel Ong [18133832500] | |
curtin.repositoryagreement | V3 |