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Housing Property Rights and Subjective Wellbeing in Urban China

Zhiming Cheng, Stephen King (), Russell Smyth () and Haining Wang

No 44-14, 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. We first present a theoretical model examining the relationship between housing property rights and subjective wellbeing in China. We then test the predictions of the theoretical model using a nationally representative dataset. 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.

Keywords: Subjective wellbeing; housing property rights; China (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cna, nep-hap, nep-tra and nep-ure
Date: 2014-09
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Journal Article: Housing property rights and subjective wellbeing in urban China (2016) Downloads
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