Abstract
Household surveys have recently started to collect data on the original purchase price of owner occupiers' homes. This provides a firmer basis for investigating the joint distribution of housing wealth, income and other personal characteristics than has hitherto existed. However, a number of difficulties arise which are discussed in this paper. A method is presented and validated, developed in the course of assessing the housing wealth of older home owners, for dealing with the specific problems associated with those who purchased their properties at discounted prices, whether through the Right to Buy or other routes. The method is based on data from the British Household Panel Survey, and subsequently applied to the UK Family Expenditure Survey to explore the housing wealth of older people. It also yields estimates of housing equity for younger people and can be implemented with other similar surveys.
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