Public policy structured to treat "market failures" related to
land use (through restructuring property rights) must be evaluated in
terms of its potential impacts not only upon social efficiency, but also
upon the distributions of wealth and income associated with real
estate ownership. Analyses of basic relationships between forms of
real estate ownership, and wealth and income levels provide a
benchmark from which to evaluate potential changes in the wealth and
income positions of real estate owners affected by public land use
policy. Hence, the main objective of this study was to estimate and
analyze descriptors of the distribution of real estate ownership by
income class.
Particular emphasis was given to analysis of institutional and
economic forces which help to explain an individual's ownership in
one or another form of real estate. This analysis provided a basis
for the following hypotheses:
1. The proportion of wealth devoted to home real estate is
inversely related to the investor's level of wealth.
2. The proportion of wealth devoted to business real estate is
directly related to the investor's level of wealth.
3. The proportion of wealth devoted to speculative real estate
is directly related to the investor's level of wealth.
The empirical base used to test these hypotheses, and obtain
the objective came from published national samples for the early
1960s and 1970s. Statistical results provided, primarily, confirming
evidence on these hypotheses. / Graduation date: 1976
| Identifer | oai:union.ndltd.org:ORGSU/oai:ir.library.oregonstate.edu:1957/26645 |
| Date | 19 March 1976 |
| Creators | Erlandson, Mark Jeffrey |
| Contributors | Stoevener, Herbert H. |
| Source Sets | Oregon State University |
| Language | en_US |
| Detected Language | English |
| Type | Thesis/Dissertation |
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