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.
- Language
-
Englisch
- Bibliographic citation
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Series: ADBI Working Paper ; No. 671
- Classification
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Wirtschaft
Financial Markets and the Macroeconomy
Macroeconomic Analyses of Economic Development
Economic Development: Human Resources; Human Development; Income Distribution; Migration
- Subject
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Economics
China, People's Republic of
- Event
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Geistige Schöpfung
- (who)
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Li, Sheng
Li, Jie
Ouyang, Alice Y.
- Event
-
Veröffentlichung
- (who)
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Asian Development Bank Institute (ADBI)
- (where)
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Tokyo
- (when)
-
2017
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Li, Sheng
- Li, Jie
- Ouyang, Alice Y.
- Asian Development Bank Institute (ADBI)
Time of origin
- 2017
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