Housing and Subjective Wellbeing in Urban China

Zhiming Cheng, Russell Smyth and Haining Wang

No 39-13, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: This study explores the relationship between home ownership and subjective wellbeing in urban China using a nationally representative dataset. Compared with the limited extant literature on this topic for China, we use a more recent dataset, allow for a greater range of ownership forms, consider the source through which ownership was acquired and not only consider whether homeowners have a home loan, but also consider the source of the loan and its effect on subjective wellbeing. We find that not only home ownership, but the property rights one acquires and the source of those property rights matters for subjective wellbeing. Moreover, not only whether one has a home loan, but the type of home loan one has matters for subjective wellbeing. We also identify important differences in the homeownership-subjective wellbeing relationship across genders, generations and between those with a rural and urban household registration.

Keywords: Subjective wellbeing; housing; China (search for similar items in EconPapers)
Pages: 29 pages
Date: 2013-07
New Economics Papers: this item is included in nep-hap, nep-tra and nep-ure
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