打印

作者

Xian Zheng;Zi-qing Yuan;Xiaoling Zhang

来源

CITIES,Vol.96,Issue1,Article 102404

语言

英文

关键字

Subjective well-being;Homeownership;Difference-in-Differences;Urban China

作者单位

Dept. of Economics, Jinan University, Guangzhou, China;Dept. of Public Policy, City University of Hong Kong, Shenzhen Research Institute, City University of Hong Kong, China;Dept. of Economics, Jinan University, Guangzhou, China;Dept. of Public Policy, City University of Hong Kong, Shenzhen Research Institute, City University of Hong Kong, China

摘要

This study investigates the causal relationship between homeownership and subjective well-being based on household-level panel data collected from the China Household Finance Survey (CHFS) in 2011 and 2013. The extent to which homeownership contributes to the changes in subjective well-being is estimated, focusing on the heterogeneous effects across socioeconomic and demographic groups. Evidence from the identification strategies indicates that homeownership has a positive impact on subjective well-being. Moreover, the results are robust to different specifications and unaffected by the financial constraints faced by new homeowners. Our findings have useful implications for policymakers to stimulate homeownership rates to promote subjective well-being.