Living and Leaving : Housing, Mobility and Welfare in the European Union
The availability and affordability of decent housing has become an important economic and social concern in the European Union (EU), as housing price increases in metropolitan regions have often outpaced wage increases. Housing is at the heart of g...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/947981541623732950/Living-and-Leaving-Housing-Mobility-and-Welfare-in-the-European-Union http://hdl.handle.net/10986/30898 |
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okr-10986-308982021-05-25T09:55:44Z Living and Leaving : Housing, Mobility and Welfare in the European Union Inchauste, Gabriela Karver, Jonathan Kim, Yeon Soo Abdel Jelil, Mohamed HOUSING AFFORDABILITY TAX POLICY WELFARE IMPACT MOBILITY LABOR PRODUCTIVITY WAGES REGULATION The availability and affordability of decent housing has become an important economic and social concern in the European Union (EU), as housing price increases in metropolitan regions have often outpaced wage increases. Housing is at the heart of growing economic divides in Europe. This is because productivity growth, which comes with higher wages and better jobs, is concentrated in cities and industrial clusters. Housing is unaffordable in metropolitan centers because the construction of new homes has not kept up with demand, reducing the standard of living of low-income households, and dissuading workers from moving to the most productive regions. While policy incentives have favored homeowners since the 1970s, less attention and resources have been devoted to easing the potential barriers and market restrictions that would allow housing supply to respond to increases in demand. Across EU member states, policymakers should focus on ensuring that land use, rental and other regulations are consistent with incentives to spur residential construction. The report highlights three key recommendations for EU policymakers: earmark unused public land for housing development and speed up approval processes; invest in greenfield projects with improved transportation links from suburban areas, to ensure cities cast a wider economic net; and create public registries to improve transparency of house sale prices to help greater competition between areas. 2018-11-27T22:31:17Z 2018-11-27T22:31:17Z 2018-11-01 Report http://documents.worldbank.org/curated/en/947981541623732950/Living-and-Leaving-Housing-Mobility-and-Welfare-in-the-European-Union http://hdl.handle.net/10986/30898 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Urban Study Economic & Sector Work Europe and Central Asia Eastern Europe European Union Croatia Poland Romania |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
HOUSING AFFORDABILITY TAX POLICY WELFARE IMPACT MOBILITY LABOR PRODUCTIVITY WAGES REGULATION |
| spellingShingle |
HOUSING AFFORDABILITY TAX POLICY WELFARE IMPACT MOBILITY LABOR PRODUCTIVITY WAGES REGULATION Inchauste, Gabriela Karver, Jonathan Kim, Yeon Soo Abdel Jelil, Mohamed Living and Leaving : Housing, Mobility and Welfare in the European Union |
| geographic_facet |
Europe and Central Asia Eastern Europe European Union Croatia Poland Romania |
| description |
The availability and affordability of
decent housing has become an important economic and social
concern in the European Union (EU), as housing price
increases in metropolitan regions have often outpaced wage
increases. Housing is at the heart of growing economic
divides in Europe. This is because productivity growth,
which comes with higher wages and better jobs, is
concentrated in cities and industrial clusters. Housing is
unaffordable in metropolitan centers because the
construction of new homes has not kept up with demand,
reducing the standard of living of low-income households,
and dissuading workers from moving to the most productive
regions. While policy incentives have favored homeowners
since the 1970s, less attention and resources have been
devoted to easing the potential barriers and market
restrictions that would allow housing supply to respond to
increases in demand. Across EU member states, policymakers
should focus on ensuring that land use, rental and other
regulations are consistent with incentives to spur
residential construction. The report highlights three key
recommendations for EU policymakers: earmark unused public
land for housing development and speed up approval
processes; invest in greenfield projects with improved
transportation links from suburban areas, to ensure cities
cast a wider economic net; and create public registries to
improve transparency of house sale prices to help greater
competition between areas. |
| format |
Report |
| author |
Inchauste, Gabriela Karver, Jonathan Kim, Yeon Soo Abdel Jelil, Mohamed |
| author_facet |
Inchauste, Gabriela Karver, Jonathan Kim, Yeon Soo Abdel Jelil, Mohamed |
| author_sort |
Inchauste, Gabriela |
| title |
Living and Leaving : Housing, Mobility and Welfare in the European Union |
| title_short |
Living and Leaving : Housing, Mobility and Welfare in the European Union |
| title_full |
Living and Leaving : Housing, Mobility and Welfare in the European Union |
| title_fullStr |
Living and Leaving : Housing, Mobility and Welfare in the European Union |
| title_full_unstemmed |
Living and Leaving : Housing, Mobility and Welfare in the European Union |
| title_sort |
living and leaving : housing, mobility and welfare in the european union |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/947981541623732950/Living-and-Leaving-Housing-Mobility-and-Welfare-in-the-European-Union http://hdl.handle.net/10986/30898 |
| _version_ |
1764473170871451648 |