Welfare housing and household consumption in urban China

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

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)326-334
Number of pages9
JournalJournal of Economic Behavior and Organization
Volume195
DOIs
Publication statusPublished - Mar 2022

Keywords

  • Consumption
  • Housing policy
  • Public housing
  • Wealth effect

Fingerprint

Dive into the research topics of 'Welfare housing and household consumption in urban China'. Together they form a unique fingerprint.

Cite this