Housing and Subjective Wellbeing in Urban China
AbstractThis study explores the relationship between home ownership and subjective wellbeing in urban China using a nationally representative dataset. Compared with the limited extant literature on this topic for China, we use a more recent dataset, allow for a greater range of ownership forms, consider the source through which ownership was acquired and not only consider whether homeowners have a home loan, but also consider the source of the loan and its effect on subjective wellbeing. We find that not only home ownership, but the property rights one acquires and the source of those property rights matters for subjective wellbeing. Moreover, not only whether one has a home loan, but the type of home loan one has matters for subjective wellbeing. We also identify important differences in the homeownership-subjective wellbeing relationship across genders, generations and between those with a rural and urban household registration.
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Bibliographic InfoPaper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number 39-13.
Length: 29 pages
Date of creation: Jul 2013
Date of revision:
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Postal: Department of Economics, Monash University, Victoria 3800, Australia
Web page: http://www.buseco.monash.edu.au/eco/
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-08-05 (All new papers)
- NEP-HAP-2013-08-05 (Economics of Happiness)
- NEP-TRA-2013-08-05 (Transition Economics)
- NEP-URE-2013-08-05 (Urban & Real Estate Economics)
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