Welfare housing and household consumption in urban China

Yu Li, Kai Liu, Xiaoying Lu, Ben Zhe Wang and Xuan Zhou

Journal of Economic Behavior & Organization, 2022, vol. 195, issue C, 326-334

Abstract: This study investigates the long-term impact of access to welfare housing ownership on household consumption using data from the China Family Panel Studies (2010 to 2018). Our results show that households that owned welfare housing had a higher level of consumption than those without access to such housing, even after controlling for the housing wealth effect. This positive impact on consumption was particularly significant for low-consumption households. We found that welfare housing ownership increased consumption through reducing household debts, enhancing consumer confidence, and facilitating further accumulation of assets.

Keywords: Housing policy; Public housing; Consumption; Wealth effect (search for similar items in EconPapers)
JEL-codes: D12 E21 H40 P36 R31 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:195:y:2022:i:c:p:326-334

DOI: 10.1016/j.jebo.2022.01.024

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