Homeownership and Subjective Wellbeing in Urban China: Does Owning a House Make You Happier?
This paper examines the effect of homeownership status on individual subjective wellbeing indicators in urban China using a large nationally representative dataset. It is the first to gauge the relationship between homeownership and individual subjective wellbeing in the setting of China and is also among the few empirical studies concerning developing countries. The results show that the homeownership status does have a strong positive effect on both one’s housing satisfaction and overall happiness in urban China. Even after controlling for housing satisfaction in the equation, the homeownership status still positively affects one’s overall happiness, suggesting that the homeownership status might also contribute to other possible aspects of life satisfaction except for housing satisfaction. In addition, in terms of housing satisfaction, females seem to value much more on owning a house than males, while the subjective benefits of owing a house in large cities seem to be much smaller than in small cities. Copyright Springer Science+Business Media B.V. 2013
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 110 (2013)
Issue (Month): 3 (February)
|Contact details of provider:|| Web page: http://www.springer.com/economics/journal/11135 |
|Order Information:||Web: http://link.springer.de/orders.htm|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Appleton, Simon & Song, Lina, 2008.
"Life Satisfaction in Urban China: Components and Determinants,"
Elsevier, vol. 36(11), pages 2325-2340, November.
- Song, Lina & Appleton, Simon, 2008. "Life Satisfaction in Urban China: Components and Determinants," IZA Discussion Papers 3443, Institute for the Study of Labor (IZA).
- Song, Lina & Appleton, Simon, 2008. "Life Satisfaction in Urban China: Components and Determinants," MPRA Paper 8347, University Library of Munich, Germany.
- Daniel Shek, 2010. "Introduction: Quality of Life of Chinese People in a Changing World," Social Indicators Research, Springer, vol. 95(3), pages 357-361, February.
- van Praag, B. M. S. & Frijters, P. & Ferrer-i-Carbonell, A., 2003.
"The anatomy of subjective well-being,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 51(1), pages 29-49, May.
- Rafael Di Tella & Robert MacCulloch, 2006. "Some Uses of Happiness Data in Economics," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 25-46, Winter.
- Diaz-Serrano, Luis, 2009.
"Disentangling the housing satisfaction puzzle: Does homeownership really matter?,"
Journal of Economic Psychology,
Elsevier, vol. 30(5), pages 745-755, October.
- Díaz Serrano, Luis & Ferrer Carbonell, Ada & Hartog, Joop, 2009. "Disentangling the Housing Satisfaction Puzzle: Does Homeownership Really Matter?," Working Papers 2072/42898, Universitat Rovira i Virgili, Department of Economics.
- Denise DiPasquale & Edward L. Glaeser, 1998.
"Incentives and Social Capital: Are Homeowners Better Citizens?,"
NBER Working Papers
6363, National Bureau of Economic Research, Inc.
- DiPasquale, Denise & Glaeser, Edward L., 1999. "Incentives and Social Capital: Are Homeowners Better Citizens?," Journal of Urban Economics, Elsevier, vol. 45(2), pages 354-384, March.
- Denice DiPasquale & Edward L. Glaeser, 1997. "Incentives and Social Capital: Are Homeowners Better Citizens?," Harvard Institute of Economic Research Working Papers 1815, Harvard - Institute of Economic Research.
- Dolan, Paul & Peasgood, Tessa & White, Mathew, 2008. "Do we really know what makes us happy A review of the economic literature on the factors associated with subjective well-being," Journal of Economic Psychology, Elsevier, vol. 29(1), pages 94-122, February.
- Daniel Shek, 2011. "Quality of Life Research: Responses to Emerging Issues in a Changing World," Social Indicators Research, Springer, vol. 100(3), pages 371-374, February.
- Russell Smyth & Ingrid Nielsen & Qingguo Zhai, 2009.
"Subjective Well-Being Of China'S Off-Farm Migrants,"
Development Research Unit Working Paper Series
02-09, Monash University, Department of Economics.
- Ingrid Nielsen & Russell Smyth & Qingguo Zhai, 2010. "Subjective Well-Being of China’s Off-Farm Migrants," Journal of Happiness Studies, Springer, vol. 11(3), pages 315-333, June.
- Philip Oreopoulos & Kjell G. Salvanes, 2011. "Priceless: The Nonpecuniary Benefits of Schooling," Journal of Economic Perspectives, American Economic Association, vol. 25(1), pages 159-84, Winter.
- Peigang Wang & Tyler VanderWeele, 2011. "Empirical Research on Factors Related to the Subjective Well-Being of Chinese Urban Residents," Social Indicators Research, Springer, vol. 101(3), pages 447-459, May.
- Dietz, Robert D. & Haurin, Donald R., 2003. "The social and private micro-level consequences of homeownership," Journal of Urban Economics, Elsevier, vol. 54(3), pages 401-450, November.
- Oswald, Andrew, 1997.
"Happiness and Economic Performance,"
The Warwick Economics Research Paper Series (TWERPS)
478, University of Warwick, Department of Economics.
- Bruno S. Frey & Alois Stutzer, 2001.
"What Can Economists Learn from Happiness Research?,"
CESifo Working Paper Series
503, CESifo Group Munich.
- Bruno S. Frey & Alois Stutzer, 2002. "What Can Economists Learn from Happiness Research?," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 402-435, June.
- Bruno S. Frey & Alois Stutzer, . "What can Economists Learn from Happiness Research?," IEW - Working Papers 080, Institute for Empirical Research in Economics - University of Zurich.
- Ada Ferrer-i-Carbonell & Paul Frijters, 2004. "How Important is Methodology for the estimates of the determinants of Happiness?," Economic Journal, Royal Economic Society, vol. 114(497), pages 641-659, 07.
- John Knight & Lina Song, 2007.
"Subjective Well-being and its Determinants in Rural China,"
Economics Series Working Papers
334, University of Oxford, Department of Economics.
- KNIGHT, John & SONG, Lina & GUNATILAKA, Ramani, 2009. "Subjective well-being and its determinants in rural China," China Economic Review, Elsevier, vol. 20(4), pages 635-649, December.
- Esperanza Vera-Toscano & Victoria Ateca-Amestoy, 2008. "The relevance of social interactions on housing satisfaction," Social Indicators Research, Springer, vol. 86(2), pages 257-274, April.
- Parker, Louise & Watson, Duncan & Webb, Robert, 2011. "Family fortunes: Gender-based differences in the impact of employment and home characteristics on satisfaction levels," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(3), pages 259-264, May.
- Shing-Yi Wang, 2011. "State Misallocation and Housing Prices: Theory and Evidence from China," American Economic Review, American Economic Association, vol. 101(5), pages 2081-2107, August.
- Cai, Fang & Wang, Meiyan, 2010. "Growth and structural changes in employment in transition China," Journal of Comparative Economics, Elsevier, vol. 38(1), pages 71-81, March.
When requesting a correction, please mention this item's handle: RePEc:spr:soinre:v:110:y:2013:i:3:p:951-971. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn)or (Christopher F Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.