October 28, 2020 • 14 mins
Housing is the main asset in most individual portfolios. The recent rise in private wealth with respect to national income has been mainly driven by capital gains on housing. How do house price cycles affect wealth inequality? Clara Martínez-Toledano explores the dynamics of wealth accumulation over forty years in Spain.
Recommendations:
- "The Hidden Wealth of Nations" by Gabriel Zucman
http://gabriel-zucman.eu/hidden-wealth/
Paper:
- "House Price Cycles, Wealth Inequality and Portfolio Reshuffling" by Clara Martínez-Toledano
https://www.dropbox.com/s/2l1xe9mf95jmaiq/mtt_wealthinequalityspain.pdf?dl=0
Mark as Played
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Death, Sex & Money
Anna Sale explores the big questions and hard choices that are often left out of polite conversation.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.