The impact of privatization of public housing on housing affordability in Beijing: An assessment using household survey data
AbstractHousing affordability has long been on the agenda of Chinaâ€™s policy makers. Imperfections in the housing system and growing disparities in income and wealth have been central to the problem of affordable housing. Housing reforms in China led to the creation of a market-oriented housing system, but also increased economic and social stratification. This article considers the effect of privatization of public housing on the problem of housing affordability in Beijing. We draw on a household survey to assess affordability for households according to occupantsâ€™ family structures, educational attainments and employment status, using a â€˜residual incomeâ€™ approach. The implications for policies designed to improve housing affordability are discussed.
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Bibliographic InfoArticle provided by London South Bank University in its journal Local Economy: The Journal of the Local Economy Policy Unit.
Volume (Year): 26 (2011)
Issue (Month): 5 (August)
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Web page: http://www.lsbu.ac.uk/index.shtml
Beijing; housing affordability; public housing; privatization; residual income;
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