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Housing ownership and housing wealth: new evidence in transitional China

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  • Lili Wu
  • Yang Bian
  • Wei Zhang

Abstract

Ever since housing was transformed from the most important welfare benefit to the most valuable form of private property through radical housing reform in 1998, housing allocation mechanisms in China have been characterized by the coexistence of market logic and socialist legacy. Thus, the Chinese housing system exhibits a transitional nature as the country moves away from a socialist housing system towards a privatized housing system. Using the 2011 Chinese Household Finance Survey, we not only examine these changes in private ownership of housing, but also give an updated evaluation of the privatization process with new empirical evidence. We develop a conceptual framework and an empirical analysis to shed light on distinct housing inequality patterns in transitional urban China. Our results show that both socioeconomic characteristics and socialist institutions contribute to housing inequality, but they follow different paths in the reform and have different impacts on housing inequality.

Suggested Citation

  • Lili Wu & Yang Bian & Wei Zhang, 2019. "Housing ownership and housing wealth: new evidence in transitional China," Housing Studies, Taylor & Francis Journals, vol. 34(3), pages 448-468, March.
    • Handle: RePEc:taf:chosxx:v:34:y:2019:i:3:p:448-468
    DOI: 10.1080/02673037.2018.1458291
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    Cited by:

    1. Jin Xie & Yinying Cai & Hang Tang & Yuanqin Liao, 2020. "Housing Wealth Status and Informal Accumulation of Rural Villages at the Rural-Urban Fringe in Shanghai, China," Sustainability, MDPI, vol. 12(17), pages 1-23, August.
    2. Ziyang Zhang & Sen Lan & Fengliang Liu, 2024. "The Evolution of Wealth Inequality in China," Sustainability, MDPI, vol. 16(13), pages 1-20, July.
    3. Lifeng Shi & Tobias Leichtle & Michael Wurm & Hannes Taubenböck, 2022. "The “ghost neighborhood†phenomenon in China—geographic locations and intra-urban spatial patterns," Environment and Planning B, , vol. 49(9), pages 2363-2377, November.
    4. Lu Wang & Rose Gilroy, 2021. "The Role of Housing in Facilitating Middle-Class Family Practices in China: A Case Study of Tianjin," Sustainability, MDPI, vol. 13(23), pages 1-11, November.

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