觉》的洞察力:1985 至 2021 年按收入划分的租金增长差异及其对通货膨胀的影响

IF 5.7 1区 经济学 Q1 ECONOMICS
Raven Molloy
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引用次数: 0

摘要

住房在家庭支出中占很大比重,因此在通货膨胀测量中占有很大权重。由于富裕家庭和贫困家庭往往会做出不同的住房和地点选择,那么通货膨胀中的住房部分在不同收入分布中是否存在差异?我计算了 1985 年至 2021 年收入分布中每个五分位数家庭的租金增长,发现低收入群体的租金增长略低。然而,由于低收入家庭的住房支出在总支出中所占比例较大,我发现不同群体的总体通胀率差别不大。因此,不同的住房和地点选择并没有在整个收入分布中造成通货膨胀中住房部分的实质性差异。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
JUE insight: Differences in rent growth by income from 1985 to 2021 and implications for inflation

Shelter is a large share of household expenditures and therefore has a large weight in inflation measurement. Because rich and poor households tend to make different housing and location choices, does the shelter component of inflation differ across the income distribution? I calculate rent growth for households in each quintile of the income distribution from 1985 to 2021 and find modestly lower rent growth for lower-income groups. However, because lower-income households spend a larger fraction of total expenditures on housing, I find little difference across groups in headline inflation. Therefore, different housing and location choices have not generated materially different shelter components of inflation across the income distribution.

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来源期刊
CiteScore
10.60
自引率
4.80%
发文量
64
期刊介绍: The Journal of Urban Economics provides a focal point for the publication of research papers in the rapidly expanding field of urban economics. It publishes papers of great scholarly merit on a wide range of topics and employing a wide range of approaches to urban economics. The Journal welcomes papers that are theoretical or empirical, positive or normative. Although the Journal is not intended to be multidisciplinary, papers by noneconomists are welcome if they are of interest to economists. Brief Notes are also published if they lie within the purview of the Journal and if they contain new information, comment on published work, or new theoretical suggestions.
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