Arbeitspapier

Housing and household wealth inequality: Evidence from the People's Republic of China

We examine the issue of the widening wealth inequality in the People's Republic of China (PRC) from the perspective of housing. Using China Household Finance Survey (CHFS) data from 2011, we find that the PRC's wealth inequality including housing is much larger than income inequality. Housing value appreciation, in particular, contributes to wealth inequality by allowing households to enjoy equity market premium through investing more in equity markets and taking a higher position in risky assets.

Sprache
Englisch

Erschienen in
Series: ADBI Working Paper ; No. 671

Klassifikation
Wirtschaft
Financial Markets and the Macroeconomy
Macroeconomic Analyses of Economic Development
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Thema
Economics
China, People's Republic of

Ereignis
Geistige Schöpfung
(wer)
Li, Sheng
Li, Jie
Ouyang, Alice Y.
Ereignis
Veröffentlichung
(wer)
Asian Development Bank Institute (ADBI)
(wo)
Tokyo
(wann)
2017

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Li, Sheng
  • Li, Jie
  • Ouyang, Alice Y.
  • Asian Development Bank Institute (ADBI)

Entstanden

  • 2017

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