Assets effect and heterogenicity of China’s urban households housing assets:an empirical analysis to 3122 urban households
Author(s): HU Zhen, ZANG Ri-hong
Pages: 60-67
Year: 2016 Issue: 4
Journal: Urban Problems
Keyword: real estate; asset effect; household consumption; quantile regression;
Abstract: Using the latest survey data of Chinese urban households’ consumption,this essay studies the effect of housing assets on household consumption,and analyzes the mechanism of housing assets on household consumption and the possible existence of heterogeneity.The results show that the elasticity of real estate is 0.007,and the higher consumption level,the smaller effect that real estate shows on consumption.The real estate has strong influence on the consumption of family equipment,living expenses,transportation costs and insurance.When family owns three sets of real estate,the assets effect of real estate reaches to maximum.So it needs to give full consideration of property heterogeneity effect on consumption,when introduces relevant policy to stimulate consumption.
Pages: 60-67
Year: 2016 Issue: 4
Journal: Urban Problems
Keyword: real estate; asset effect; household consumption; quantile regression;
Abstract: Using the latest survey data of Chinese urban households’ consumption,this essay studies the effect of housing assets on household consumption,and analyzes the mechanism of housing assets on household consumption and the possible existence of heterogeneity.The results show that the elasticity of real estate is 0.007,and the higher consumption level,the smaller effect that real estate shows on consumption.The real estate has strong influence on the consumption of family equipment,living expenses,transportation costs and insurance.When family owns three sets of real estate,the assets effect of real estate reaches to maximum.So it needs to give full consideration of property heterogeneity effect on consumption,when introduces relevant policy to stimulate consumption.
Related Articles