 Housing assets to the elderly in urban China: to fund or to hedge?Zan Yang, Ying Fan and Cindy Hiu-ying Cheung Housing Studies, 2017, vol. 32, issue 5, 638-658 Abstract: Housing has become the most important asset held by a large proportion of China’s older citizens. Therefore, the role of housing wealth in the consumption decisions of the elderly is a central topic of research and gains insights into the saving, investment and consumption decisions made throughout household life to meet later pension needs. In this paper, using data drawn from a household survey conducted between 2002 and 2009, we estimate the influence of housing wealth on the non-housing consumption of the elderly, and identify the mechanisms underlying this relationship. We find that on average, changes in housing wealth have limited effects on elderly consumption. However, we also find that the role of housing in consumption differs according to the income, health status, and living arrangements of the elderly. The paper draws attention to the influence of housing and its links with social and health-care systems on the lives of older people, with important policy implications. Date: 2017 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:chosxx:v:32:y:2017:i:5:p:638-658 Ordering information: This journal article can be ordered from DOI: 10.1080/02673037.2016.1228853 Access Statistics for this article Housing Studies is currently edited by Chris Leishman, Moira Munro, Ray Forrest, Alex Schwartz, Hal Pawson and John Flint More articles in Housing Studies from Taylor & Francis Journals |
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