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Social Indicators Research
Erschienen in: Social Indicators Research 3/2017

18.07.2016

Tenure and Spending Within UK Households at the End of the Recent Recession

verfasst von: Jacinta C. Nwachukwu

Erschienen in: Social Indicators Research | Ausgabe 3/2017

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Abstract

Housing costs form a substantial share of aggregate demand in the UK. This study examines the distribution of total expenditure-to-income by homeownership status at the end of the recent recession in 2010. Multivariate quantile regressions uncover four important points. First, owner-occupiers in England have considerably higher mean spending ratios than their peers in other parts of the UK; an indication of their wealthier status. Second, the average spending ratio for residential-occupiers in all UK regions, with the exception of Northern Ireland, is significantly higher than the mean ratio for tenants in both private and public properties. In this last region, the spending rate for private tenants is more prominent. Third, the disparity in the expenditure ratio between owner-occupiers and tenants is significantly more pronounced in England. Fourth, renters in public housing in Scotland and Wales have much higher spending ratios than their counterparts in private properties, reflecting a greater overall social security provided by the devolved government there. Policy implications allied with heterogeneity in the consumption effect of housing wealth across the different homeownership cohorts is discussed.
Vorheriger Artikel Assessing Changes in Household Socioeconomic Status in Rural South Africa, 2001–2013: A Distributional Analysis Using Household Asset Indicators
Nächster Artikel Students Mobility: Assessing the Determinants of Attractiveness Across Competing Territorial Areas

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Fußnoten
1
The figures from the ONS are weighted averages created using population data from the 1991-2001 Census. They are therefore not directly comparable to the equally weighted average spending ratios which underlie our analysis in this paper. Nevertheless, we have chosen to include the ONS figures in order to provide the reader with a benchmark on which to relate any discrepancy in the expenditure behaviour of our responding households in 2010.
 
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Metadaten
Titel
Tenure and Spending Within UK Households at the End of the Recent Recession
verfasst von
Jacinta C. Nwachukwu
Publikationsdatum
18.07.2016
Verlag
Springer Netherlands
Erschienen in
Social Indicators Research / Ausgabe 3/2017
Print ISSN: 0303-8300
Elektronische ISSN: 1573-0921
DOI
https://doi.org/10.1007/s11205-016-1409-z

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