Wealth inequality is a social problem that many scholars are most concerned with, including Piketty ( 2014), Diamond ( 2019), Putnam ( 2016), and Sandel ( 2020). In most countries around the world, inequality has been steadily increasing over the past 30 years (Kawachi & Wamala, 2007), and the rate of increase is particularly threatening (Maclennan & Miao, 2017 Piketty, 2014). Wealth inequality is growing worldwide and causes various social issues. The fact that inequality negatively influences social interactions only in the low-asset class is another aspect of inequality. Furthermore, the negative correlation between housing price inequality and social interaction was significant only in the lower-asset class. Moreover, the social interaction level was low in regions where housing price inequality increased for 10 years. The results of this study indicate that the social interaction level was low in regions with large housing price inequality. For this analysis, the housing price Gini coefficient was utilized through the housing transaction price, and social interaction was measured using the Korea Housing Survey. ![]() This study explores the correlation between housing price inequality and social interaction levels in Seoul. Although inequality is primarily correlated with the income gap, inequality is also significantly associated with the housing price gap, especially in South Korea. ![]() While wealth inequality is increasing worldwide, social interaction quality among communities is simultaneously decreasing.
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