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The Welfare Cost of Hong Kong's Public Housing Programme

Author

Listed:
  • Fu-Lai Yu

    (Hong Kong Baptist College, Hong Kong)

  • Si-Ming Li

    (Hong Kong Baptist College, Hong Kong)

Abstract

Public housing is an important source of accommodation in Hong Kong. Subsidies to public housing are tied to the consumption of housing services. Consumer's consumption pattern will therefore be distorted, and a welfare loss incurred as compared to an equivalent cash transfer. This paper seeks to measure the extent to which tenants' benefit from public housing subsidies. A measure of net tenant benefit is used, which is based upon the Marshallian consumer surplus concept. The results indicate that Hong Kong's public housing programme has had a significant impact upon households' consumption patterns, and that the welfare loss is relatively low.

Suggested Citation

  • Fu-Lai Yu & Si-Ming Li, 1985. "The Welfare Cost of Hong Kong's Public Housing Programme," Urban Studies, Urban Studies Journal Limited, vol. 22(2), pages 133-140, April.
    • Handle: RePEc:sae:urbstu:v:22:y:1985:i:2:p:133-140
    DOI: 10.1080/00420988520080211
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    References listed on IDEAS

    as
    1. de Leeuw, Frank, 1971. "The Demand for Housing: A Review of Cross-Section Evidence," The Review of Economics and Statistics, MIT Press, vol. 53(1), pages 1-10, February.
    2. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    3. DeSalvo, Joseph S, 1975. "Benefits and Costs of New York City's Middle-Income Housing Program," Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 791-805, August.
    4. Olsen, Edgar O, 1972. "An Econometric Analysis of Rent Control," Journal of Political Economy, University of Chicago Press, vol. 80(6), pages 1081-1100, Nov.-Dec..
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