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Did You Miss the Ride? Housing Boom and Household Wealth in China.

  • Published In: Journal of Regional Science, 2025, v. 65, n. 3. P. 654 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Sun, Hongliang; Wu, Youmeng; Wang, Xianzhu; Wang, Rui 3 of 3

Abstract

In the two decades following housing privatization, housing quickly dominated Chinese urban household wealth growth and inequality. We test hypotheses derived from a housing investment production function in China's unique context against multiyear microdata. During 2011–2019, housing wealth of different birth cohorts followed disparate paths, with clear spatial, socioeconomic and social identity‐based polarization. The biggest winners in China's housing boom were the well‐educated in superstar cities. 5%–10% of the young homeowners born since the late 1970s, especially those born since mid‐1980s, seem most vulnerable in a housing bust or when facing a negative income shock. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Journal of Regional Science. 2025/06, Vol. 65, Issue 3, p654
  • Document Type:Article
  • Subject Area:Economics
  • Publication Date:2025
  • ISSN:0022-4146
  • DOI:10.1111/jors.12747
  • Accession Number:185862741
  • Copyright Statement:Copyright of Journal of Regional Science is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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