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ERIC Number: EJ998588
Record Type: Journal
Publication Date: 2013-Feb
Pages: 21
Abstractor: As Provided
ISSN: ISSN-0303-8300
Homeownership and Subjective Wellbeing in Urban China: Does Owning a House Make You Happier?
Hu, Feng
Social Indicators Research, v110 n3 p951-971 Feb 2013
This paper examines the effect of homeownership status on individual subjective wellbeing indicators in urban China using a large nationally representative dataset. It is the first to gauge the relationship between homeownership and individual subjective wellbeing in the setting of China and is also among the few empirical studies concerning developing countries. The results show that the homeownership status does have a strong positive effect on both one's housing satisfaction and overall happiness in urban China. Even after controlling for housing satisfaction in the equation, the homeownership status still positively affects one's overall happiness, suggesting that the homeownership status might also contribute to other possible aspects of life satisfaction except for housing satisfaction. In addition, in terms of housing satisfaction, females seem to value much more on owning a house than males, while the subjective benefits of owing a house in large cities seem to be much smaller than in small cities.
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: China