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House Price and co-Residence with Older Parents: Evidence from China

Author

Listed:
  • Daichun Yi

    (Southwestern University of Finance and Economics)

  • Xiaoying Deng

    (Shanghai University of Finance and Economics)

  • Gang-Zhi Fan

    (Guangzhou University)

  • Seow Eng Ong

    (National University of Singapore)

Abstract

Numerous Chinese families choose to reside together with their elderly parents due to the considerable impacts of conventional values such as filial duty in Chinese society. However, as house prices rocketed up in major Chinese cities over the past decade, this arrangement is facing a sizeable challenge, therefore also raising new research question about it. This paper attempts to investigate the phenomenon of co-residence of adult children with their elderly parents in China. Using the 2013 data of China Household Finance Survey (CHFS), we document that house price is indeed a significant determinant for the pattern of intergenerational co-residence. Our empirical results can provide interesting insights into the important implication of rising house price for household residential arrangements in this country.

Suggested Citation

  • Daichun Yi & Xiaoying Deng & Gang-Zhi Fan & Seow Eng Ong, 2018. "House Price and co-Residence with Older Parents: Evidence from China," The Journal of Real Estate Finance and Economics, Springer, vol. 57(3), pages 502-533, October.
    • Handle: RePEc:kap:jrefec:v:57:y:2018:i:3:d:10.1007_s11146-018-9653-4
    DOI: 10.1007/s11146-018-9653-4
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    More about this item

    Keywords

    CHFS; House price; Housing consumption; Intergenerational co-residence; Elderly parents;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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