Housing wealth and household consumption in urban China/ (Record no. 13324)
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| 000 -LEADER | |
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| fixed length control field | 01485nab a2200205 4500 |
| 005 - DATE & TIME | |
| control field | 20221105171925.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 221007b |||||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | He, Zekai |
| 245 ## - TITLE STATEMENT | |
| Title | Housing wealth and household consumption in urban China/ |
| Statement of responsibility | Zekai He |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | London: |
| Name of publisher, distributor, etc | Sage, |
| Date of publication, distribution, etc | 2020. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Pages | Vol 57, issue 8, 2020: (1714–1732 p.) |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | Using a large Chinese household survey data set, we investigate the effect of home value appreciation on urban household consumption. The paper identifies the causal effect of housing wealth using both Two-Stage Least Squares (2SLS) estimates and regression discontinuity designs. The research demonstrates that the housing boom in China has resulted in higher consumption and that a 10% increase in home wealth raises overall consumption by approximately 3%. The average marginal propensity to consume out of housing wealth is about 5 cents with substantial heterogeneity across household characteristics. The findings highlight the role of mortgage debts, health insurance, education and risk preference in explaining the variation in household consumption. Our results persist when we adopt different proxies for housing wealth. |
| 700 ## - Added Entry Personal Name | |
| Added Entry Personal Name | Ye, Jingjing |
| 700 ## - Added Entry Personal Name | |
| Added Entry Personal Name | Shi, Xiuzhen |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 8843 |
| Host Itemnumber | 16581 |
| Place, publisher, and date of publication | London Sage Publications Ltd. 1964 |
| Title | Urban studies |
| International Standard Serial Number | 0042-0980 |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | https://doi.org/10.1177/0042098019844410 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Articles |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| -- | 53934 |
| 700 ## - Added Entry Personal Name | |
| -- | 53935 |
| 700 ## - Added Entry Personal Name | |
| -- | 53936 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| -- | ddc |
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