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 also the types of property rights one acquires matter for subjective wellbeing. Moreover, not only whether one has a home loan, but the type of home loan one has matters for subjective wellbeing.
- Home loan
- Home ownership
- Housing property rights
- Subjective wellbeing
Cheng, Z., King, S. P., Smyth, R., & Wang, H. (2016). Housing property rights and subjective wellbeing in urban China. European Journal of Political Economy, 45(Supplement), 160-174. https://doi.org/10.1016/j.ejpoleco.2016.08.002