Economic inequality has reached historically high levels in both the United States and in the world. The research literature in sociology and political science has long shown that individuals tend to be very persistent in their views on the determinants of economic success, although these views may be formed on...
We argue that a country’s level of wealth inequality can be viewed as a reflection of the quality of its housing rental market. Using the ECB’s Household Finance and Consump- tion Survey (HFCS), we document that the aggregate homeownership rate and various measures of wealth inequality are negatively correlated across...