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Housing property rights and subjective wellbeing in urban China

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  • Cheng, Zhiming
  • King, Stephen P.
  • Smyth, Russell
  • Wang, Haining

Abstract

This study explores the relationship between home ownership and subjective wellbeing in urban China. We first present a theoretical model examining the relationship between housing property rights and subjective wellbeing in China. We then test the predictions of the theoretical model using a nationally representative dataset. We find that not only home ownership but also the types of property rights one acquires matter for subjective wellbeing. Moreover, not only whether one has a home loan, but the type of home loan one has matters for subjective wellbeing.

Suggested Citation

  • Cheng, Zhiming & King, Stephen P. & Smyth, Russell & Wang, Haining, 2016. "Housing property rights and subjective wellbeing in urban China," European Journal of Political Economy, Elsevier, vol. 45(S), pages 160-174.
  • Handle: RePEc:eee:poleco:v:45:y:2016:i:s:p:160-174
    DOI: 10.1016/j.ejpoleco.2016.08.002
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    Cited by:

    1. Peng Nie & Andrew E. Clarck & Conchita D'Ambrosio & Lanlin Ding, 2020. "Income-related health inequality in urban China (1991-2015): The role of homeownership and housing conditions," Working Papers 524, ECINEQ, Society for the Study of Economic Inequality.
    2. Prakash, Kushneel & Smyth, Russell, 2019. "‘The quintessential Chinese dream’? Homeownership and the subjective wellbeing of China's next generation," China Economic Review, Elsevier, vol. 58(C).
    3. Massimo Baldini & Giovanni Gallo & Costanza Torricelli, 0. "The scars of scarcity in the short run: an empirical investigation across Europe," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 0, pages 1-37.
    4. Tani, Massimiliano, 2015. "Hukou Changes and Subjective Well-Being," IZA Discussion Papers 9451, Institute of Labor Economics (IZA).
    5. Debraj Kalyan Roka, 2019. "GDP Growth and Income Paradoxical Relation to Happiness in China and South Asian countries," International Journal of Science and Business, IJSAB International, vol. 3(4), pages 61-85.
    6. Sefa Awaworyi Churchill & Lisa Farrell & Russell Smyth, 2019. "Neighbourhood ethnic diversity and mental health in Australia," Health Economics, John Wiley & Sons, Ltd., vol. 28(9), pages 1075-1087, September.
    7. Zhang, Quanda & Awaworyi Churchill, Sefa, 2020. "Income inequality and subjective wellbeing: Panel data evidence from China," China Economic Review, Elsevier, vol. 60(C).
    8. Zhang, Quanda & Awaworyi Churchill, Sefa, 2019. "Income Inequality and Subjective Wellbeing: Panel Data Evidence from China," MPRA Paper 97543, University Library of Munich, Germany.
    9. Ben Zhe Wang & Zhiming Cheng, 2017. "Environmental Perceptions, Happiness and Pro-environmental Actions in China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(1), pages 357-375, May.

    More about this item

    Keywords

    Subjective wellbeing; Housing property rights; Home ownership; Home loan; China;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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