IDEAS home Printed from https://ideas.repec.org/a/eee/chieco/v58y2019ics1043951x19301117.html
   My bibliography  Save this article

‘The quintessential Chinese dream’? Homeownership and the subjective wellbeing of China's next generation

Author

Listed:
  • Prakash, Kushneel
  • Smyth, Russell

Abstract

•China's housing policy has promoted private homeownership.•Home ownership increases the subjective wellbeing of children.•Effects are heterogeneous across gender, residential location and migration status.•Our findings have important implications for parents and government policies.

Suggested Citation

  • Prakash, Kushneel & Smyth, Russell, 2019. "‘The quintessential Chinese dream’? Homeownership and the subjective wellbeing of China's next generation," China Economic Review, Elsevier, vol. 58(C).
    • Handle: RePEc:eee:chieco:v:58:y:2019:i:c:s1043951x19301117
    DOI: 10.1016/j.chieco.2019.101350
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1043951X19301117
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.chieco.2019.101350?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Zhiming Cheng & Russell Smyth & Haining Wang, 2013. "Housing and Subjective Wellbeing in Urban China," Monash Economics Working Papers 39-13, Monash University, Department of Economics.
    2. Raquel Bernal & Michael P. Keane, 2011. "Child Care Choices and Children's Cognitive Achievement: The Case of Single Mothers," Journal of Labor Economics, University of Chicago Press, vol. 29(3), pages 459-512.
    3. Inas Kelly & Dhaval Dave & Jody Sindelar & William Gallo, 2014. "The impact of early occupational choice on health behaviors," Review of Economics of the Household, Springer, vol. 12(4), pages 737-770, December.
    4. Daniel L. Millimet & Jayjit Roy, 2016. "Empirical Tests of the Pollution Haven Hypothesis When Environmental Regulation is Endogenous," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 31(4), pages 652-677, June.
    5. Cheng, Zhiming & King, Stephen P. & Smyth, Russell & Wang, Haining, 2016. "Housing property rights and subjective wellbeing in urban China," European Journal of Political Economy, Elsevier, vol. 45(S), pages 160-174.
    6. Michal Grinstein-Weiss & Clinton Key & Yeong Hun Yeo & Joan Yoo & Krista Holub & Andrea Taylor & Jenna Tucker, 2012. "Homeownership, Neighbourhood Characteristics and Children’s Positive Behaviours among Low- and Moderate-income Households," Urban Studies, Urban Studies Journal Limited, vol. 49(16), pages 3545-3563, December.
    7. Gwyther Rees, 2018. "The Association of Childhood Factors with Children’s Subjective Well-Being and Emotional and Behavioural Difficulties at 11 years old," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 11(4), pages 1107-1129, August.
    8. Asadullah, M. Niaz & Xiao, Saizi & Yeoh, Emile, 2018. "Subjective well-being in China, 2005–2010: The role of relative income, gender, and location," China Economic Review, Elsevier, vol. 48(C), pages 83-101.
    9. Yushu Zhu & Werner Breitung & Si-ming Li, 2012. "The Changing Meaning of Neighbourhood Attachment in Chinese Commodity Housing Estates: Evidence from Guangzhou," Urban Studies, Urban Studies Journal Limited, vol. 49(11), pages 2439-2457, November.
    10. Russell Smyth & Ingrid Nielsen & Qingguo Zhai, 2010. "Personal Well-being in Urban China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 95(2), pages 231-251, January.
    11. Blau, David M. & Haskell, Nancy L. & Haurin, Donald R., 2019. "Are housing characteristics experienced by children associated with their outcomes as young adults?," Journal of Housing Economics, Elsevier, vol. 46(C).
    12. Aaronson, Daniel, 2000. "A Note on the Benefits of Homeownership," Journal of Urban Economics, Elsevier, vol. 47(3), pages 356-369, May.
    13. Adrian Tomyn & Robert Cummins, 2011. "The Subjective Wellbeing of High-School Students: Validating the Personal Wellbeing Index—School Children," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 101(3), pages 405-418, May.
    14. KNIGHT, John & SONG, Lina & GUNATILAKA, Ramani, 2009. "Subjective well-being and its determinants in rural China," China Economic Review, Elsevier, vol. 20(4), pages 635-649, December.
    15. Laurie S. Goodman & Christopher Mayer, 2018. "Homeownership and the American Dream," Journal of Economic Perspectives, American Economic Association, vol. 32(1), pages 31-58, Winter.
    16. Ng, Yew-Kwang, 1997. "A Case for Happiness, Cardinalism, and Interpersonal Comparability," Economic Journal, Royal Economic Society, vol. 107(445), pages 1848-1858, November.
    17. Mishra, Vinod & Smyth, Russell, 2015. "Estimating returns to schooling in urban China using conventional and heteroskedasticity-based instruments," Economic Modelling, Elsevier, vol. 47(C), pages 166-173.
    18. Park, J.M. & Fertig, A.R. & Allison, P.D., 2011. "Physical and mental health, cognitive development, and health care use by housing status of low-income young children in 20 American cities: A prospective cohort study," American Journal of Public Health, American Public Health Association, vol. 101(SUPPL. 1), pages 255-261.
    19. Jennifer Chen & Xiaodong Liu, 2012. "The Mediating Role of Perceived Parental Warmth and Parental Punishment in the Psychological Well-Being of Children in Rural China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 107(3), pages 483-508, July.
    20. Arthur Lewbel, 2012. "Using Heteroscedasticity to Identify and Estimate Mismeasured and Endogenous Regressor Models," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 30(1), pages 67-80.
    21. Dietz, Robert D. & Haurin, Donald R., 2003. "The social and private micro-level consequences of homeownership," Journal of Urban Economics, Elsevier, vol. 54(3), pages 401-450, November.
    22. Yang Hu & Rory Coulter, 2017. "Living space and psychological well-being in urban China: Differentiated relationships across socio-economic gradients," Environment and Planning A, , vol. 49(4), pages 911-929, April.
    23. Gwyther Rees & Jonathan Bradshaw, 2018. "Exploring Low Subjective Well-Being Among Children Aged 11 in the UK: an Analysis Using Data Reported by Parents and by Children," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 11(1), pages 27-56, February.
    24. Lau, Maggie & Li, Wanxin, 2011. "The extent of family and school social capital promoting positive subjective well-being among primary school children in Shenzhen, China," Children and Youth Services Review, Elsevier, vol. 33(9), pages 1573-1582, September.
    25. Flavio Cunha & James J. Heckman, 2008. "Formulating, Identifying and Estimating the Technology of Cognitive and Noncognitive Skill Formation," Journal of Human Resources, University of Wisconsin Press, vol. 43(4).
    26. Jie Chen & Lan Deng, 2014. "Financing Affordable Housing Through Compulsory Saving: The Two-Decade Experience of Housing Provident Fund in China," Housing Studies, Taylor & Francis Journals, vol. 29(7), pages 937-958, October.
    27. Angner, Erik, 2010. "Subjective well-being," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(3), pages 361-368, June.
    28. Douglas Staiger & James H. Stock, 1997. "Instrumental Variables Regression with Weak Instruments," Econometrica, Econometric Society, vol. 65(3), pages 557-586, May.
    29. Powdthavee, Nattavudh & Wooden, Mark, 2015. "Life satisfaction and sexual minorities: Evidence from Australia and the United Kingdom," Journal of Economic Behavior & Organization, Elsevier, vol. 116(C), pages 107-126.
    30. Green, Richard K. & White, Michelle J., 1997. "Measuring the Benefits of Homeowning: Effects on Children," Journal of Urban Economics, Elsevier, vol. 41(3), pages 441-461, May.
    31. David M. Blau, 1999. "The Effect of Child Care Characteristics on Child Development," Journal of Human Resources, University of Wisconsin Press, vol. 34(4), pages 786-822.
    32. Massimiliano Tani, 2017. "Hukou Changes and Subjective Well-Being in China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(1), pages 47-61, May.
    33. Zhiming Cheng & Vinod Mishra & Ingrid Nielsen & Russell Smyth & Ben Zhe Wang, 2017. "Wellbeing in China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(1), pages 1-10, May.
    34. Cai, Shu & Wang, Jia, 2018. "Less advantaged, more optimistic? Subjective well-being among rural, migrant and urban populations in contemporary China," China Economic Review, Elsevier, vol. 52(C), pages 95-110.
    35. Leventhal, Tama & Newman, Sandra, 2010. "Housing and child development," Children and Youth Services Review, Elsevier, vol. 32(9), pages 1165-1174, September.
    36. Ada Ferrer-i-Carbonell & Paul Frijters, 2004. "How Important is Methodology for the estimates of the determinants of Happiness?," Economic Journal, Royal Economic Society, vol. 114(497), pages 641-659, July.
    37. Raj Chetty & Nathaniel Hendren & Lawrence F. Katz, 2016. "The Effects of Exposure to Better Neighborhoods on Children: New Evidence from the Moving to Opportunity Experiment," American Economic Review, American Economic Association, vol. 106(4), pages 855-902, April.
    38. Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 352-352.
    39. Zhenghui Chen & Gareth Davey, 2008. "Happiness and Subjective Wellbeing in Mainland China," Journal of Happiness Studies, Springer, vol. 9(4), pages 589-600, December.
    40. Vinod Mishra & Ingrid Nielsen & Russell Smyth & Alex Newman, 2014. "The Job Satisfaction-Life Satisfaction Relationship Revisited: Using the Lewbel Estimation Technique to Estimate Causal Effects Using Cross-Sectional Data," Monash Economics Working Papers 26-14, Monash University, Department of Economics.
    41. Amy Clair, 2019. "Housing: an Under-Explored Influence on Children’s Well-Being and Becoming," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 12(2), pages 609-626, April.
    42. Adrian J. Tomyn & Matthew D. Fuller-Tyszkiewicz & Robert A. Cummins & Jacolyn M. Norrish, 2017. "The Validity of Subjective Wellbeing Measurement for Children: Evidence Using the Personal Wellbeing Index—School Children," Journal of Happiness Studies, Springer, vol. 18(6), pages 1859-1875, December.
    43. Scott Holupka & Sandra J. Newman, 2012. "The Effects of Homeownership on Children's Outcomes: Real Effects or Self-Selection?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 40(3), pages 566-602, September.
    44. David Barker & Eric Miller, 2009. "Homeownership and Child Welfare," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 37(2), pages 279-303, June.
    45. Feng Hu, 2013. "Homeownership and Subjective Wellbeing in Urban China: Does Owning a House Make You Happier?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 110(3), pages 951-971, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wang, Haining & Cheng, Zhiming & Smyth, Russell & Sun, Gong & Li, Jie & Wang, Wangshuai, 2022. "University education, homeownership and housing wealth," China Economic Review, Elsevier, vol. 71(C).
    2. Nie, Peng & Wang, Lu & Dragone, Davide & Lu, Haiyang & Sousa-Poza, Alfonso & Ziebarth, Nicolas R., 2022. "“The better you feel, the harder you fall”: Health perception biases and mental health among Chinese adults during the COVID-19 pandemic," China Economic Review, Elsevier, vol. 71(C).
    3. Prakash, Kushneel & Kumar, Sanjesh, 2021. "“Smoking your child’s job away”: Parental smoking during one’s childhood and the probability of being employed in adulthood," Journal of Business Research, Elsevier, vol. 136(C), pages 86-98.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Blau, David M. & Haskell, Nancy L. & Haurin, Donald R., 2019. "Are housing characteristics experienced by children associated with their outcomes as young adults?," Journal of Housing Economics, Elsevier, vol. 46(C).
    2. Cheng, Zhiming & King, Stephen P. & Smyth, Russell & Wang, Haining, 2016. "Housing property rights and subjective wellbeing in urban China," European Journal of Political Economy, Elsevier, vol. 45(S), pages 160-174.
    3. Aarland, Kristin & Santiago, Anna Maria & Galster, George C. & Nordvik, Viggo, 2021. "Childhood Housing Tenure and Young Adult Educational Outcomes: Evidence from Sibling Comparisons in Norway," Journal of Housing Economics, Elsevier, vol. 54(C).
    4. Amy Clair, 2019. "Housing: an Under-Explored Influence on Children’s Well-Being and Becoming," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 12(2), pages 609-626, April.
    5. Prakash, Kushneel & Awaworyi Churchill, Sefa & Smyth, Russell, 2020. "Petrol prices and subjective wellbeing," Energy Economics, Elsevier, vol. 90(C).
    6. Cheng, Zhiming & Smyth, Russell, 2015. "Sex and happiness," Journal of Economic Behavior & Organization, Elsevier, vol. 112(C), pages 26-32.
    7. Zhang, Quanda & Awaworyi Churchill, Sefa, 2020. "Income inequality and subjective wellbeing: Panel data evidence from China," China Economic Review, Elsevier, vol. 60(C).
    8. Cordes, Sarah A. & Schwartz, Amy Ellen & Elbel, Brian, 2023. "The effects of owner-occupied housing on student outcomes: Evidence from NYC," Regional Science and Urban Economics, Elsevier, vol. 98(C).
    9. O'Donnell, James & Kingsley, Meg, 2020. "The relationship between housing and children’s socio-emotional and behavioral development in Australia," Children and Youth Services Review, Elsevier, vol. 117(C).
    10. Mary A. Silles, 2023. "The effect of education on homeownership: Evidence from 20th century school attendance laws in the United States," Manchester School, University of Manchester, vol. 91(1), pages 1-17, January.
    11. Wang, Jia & Winters, John V. & Yuan, Weici, 2022. "Can legal status help unauthorized immigrants achieve the American dream? Evidence from the Deferred Action for Childhood Arrivals program," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    12. Fortin, Bernard & Ragued, Safa, 2017. "Does temporary interruption in postsecondary education induce a wage penalty? Evidence from Canada," Economics of Education Review, Elsevier, vol. 58(C), pages 108-122.
    13. Samuelson Appau & Sefa Awaworyi Churchill & Russell Smyth & Quanda Zhang, 2022. "Social Capital Inequality and Subjective Wellbeing of Older Chinese," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 160(2), pages 541-563, April.
    14. Kaizhi Yu & Yun Zhang & Hong Zou & Chenchen Wang, 2019. "Absolute Income, Income Inequality and the Subjective Well-Being of Migrant Workers in China: Toward an Understanding of the Relationship and Its Psychological Mechanisms," IJERPH, MDPI, vol. 16(14), pages 1-27, July.
    15. Datta Gupta, Nabanita & Simonsen, Marianne, 2010. "Non-cognitive child outcomes and universal high quality child care," Journal of Public Economics, Elsevier, vol. 94(1-2), pages 30-43, February.
    16. Miriam Marcén & Marina Morales, 2020. "The effect of culture on home‐ownership," Journal of Regional Science, Wiley Blackwell, vol. 60(1), pages 56-87, January.
    17. Stephen Whelan, 2017. "Does homeownership affect education outcomes?," IZA World of Labor, Institute of Labor Economics (IZA), pages 342-342, April.
    18. Sefa Awaworyi Churchill & Russell Smyth, 2020. "Friendship network composition and subjective well-being," Oxford Economic Papers, Oxford University Press, vol. 72(1), pages 191-215.
    19. Grinstein-Weiss, Michal & Williams Shanks, Trina R. & Manturuk, Kim R. & Key, Clinton C. & Paik, Jong-Gyu & Greeson, Johann K.P., 2010. "Homeownership and parenting practices: Evidence from the community advantage panel," Children and Youth Services Review, Elsevier, vol. 32(5), pages 774-782, May.
    20. Tani, Massimiliano, 2015. "Hukou Changes and Subjective Well-Being," IZA Discussion Papers 9451, Institute of Labor Economics (IZA).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:chieco:v:58:y:2019:i:c:s1043951x19301117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/chieco .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.