The applicability of self-reported home values in housing wealth inequality assessment: evidence from an emerging country

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68378025%3A_____%2F24%3A00603706" target="_blank" >RIV/68378025:_____/24:00603706 - isvavai.cz</a>

Result on the web

<a href="https://www.tandfonline.com/doi/full/10.1080/02673037.2022.2123902" target="_blank" >https://www.tandfonline.com/doi/full/10.1080/02673037.2022.2123902</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1080/02673037.2022.2123902" target="_blank" >10.1080/02673037.2022.2123902</a>

Result language

angličtina

Original language name

The applicability of self-reported home values in housing wealth inequality assessment: evidence from an emerging country

Original language description

One of the measures of housing wealth inequality is the property’s market value. In existing analyses, this figure is often a subjective value determined by homeowners. Little is known about the validity of using this type of data as a substitute for market value in inequality studies. Therefore, this paper aims to examine whether self-reported home values can be applied to evaluate housing wealth inequality. In order to achieve this goal, first, a theoretical framework on the irrelevance of valuation bias for the assessment of housing wealth inequality was developed, followed by an empirical analysis. The latter included gathering information on subjective flat values and their characteristics in Warsaw. Next, a geographically weighted regression was calibrated to calculate the market value of these dwellings. Then, using the Gini coefficient, housing wealth inequality levels were estimated separately for subjective and objective home values. The results revealed that the former could serve as a very good proxy for the latter in housing wealth inequality analysis. The findings hold across almost all identified subgroups based on respondents’ gender, age, income, wealth, education and employment status. Finally, recommendations were formulated for public institutions and housing research.

Czech name

—

Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50401 - Sociology

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Housing Studies

ISSN

0267-3037

e-ISSN

1466-1810

Volume of the periodical

39

Issue of the periodical within the volume

5

Country of publishing house

GB - UNITED KINGDOM

Number of pages

19

Pages from-to

1364-1382

UT code for WoS article

000857098700001

EID of the result in the Scopus database

2-s2.0-85139174060