Micro-inspection of Wealth Effect of China Urban Inhabitants' Housing Assets

LIU Dan; YAO Ling-zhen

Jun. 2021

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Article Navigation > Journal of University of Science and Technology Beijing ( Social Sciences Edition) > 2008 > 24(1): 33-39

LIU Dan, YAO Ling-zhen. Micro-inspection of Wealth Effect of China Urban Inhabitants' Housing Assets[J]. Journal of University of Science and Technology Beijing ( Social Sciences Edition), 2008, 24(1): 33-39.

Citation:

LIU Dan, YAO Ling-zhen. Micro-inspection of Wealth Effect of China Urban Inhabitants' Housing Assets[J]. Journal of University of Science and Technology Beijing ( Social Sciences Edition), 2008, 24(1): 33-39.

Citation:

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Micro-inspection of Wealth Effect of China Urban Inhabitants' Housing Assets

School of Public Economics and Management Shanghai University of Finance and Economics, Shanghai 200433, China

Received Date: 2007-08-21
Available Online: 2021-06-28

Abstract

Abstract

Based on the life cycle suppose, this paper constructs a model of the relationship between Urban Inhabitants' Assets of China and Consumption.We empirically research the impact of urban inhabitants' housing assets of China on consumption with data from 1978 to 2006.We find that unreasonable housing supplies structure and asymmetrical information is the important reasons that urban inhabitants' assets of China has not wealth effect.
- housing assets,
- the consumption function,
- the life cycle suppose,
- wealth effect