How does Housing Wealth Impact Wealth Inequality among Families? --------- Experience Evidence from China

Xinyan Luo ()
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Xinyan Luo: University at Buffalo SUNY, Department of Economics

A chapter in Proceedings of the 2025 10th International Conference on Social Sciences and Economic Development (ICSSED 2025), 2025, pp 49-66 from Springer

Abstract: Abstract This paper focuses on the wealth inequality of families caused by social comparison at the micro level and constructs the index of relative deprivation of wealth. The findings are as follows: 1) high housing wealth has negative effect of wealth inequality, this conclusion has passed the robustness and endogeneity tests; 2) high housing wealth reduces wealth inequality by upgrading consumption; 3) urban areas can attenuate the impact of housing wealth on wealth inequality. This paper puts forward suggestions for China’s housing policy, which can help alleviate wealth inequality and provide a reference for promoting social equity and common prosperity.

Keywords: Wealth inequality; Housing wealth; Consumption upgrading; Urban (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-734-2_7

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DOI: 10.2991/978-94-6463-734-2_7

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