Do institutional factors influence housing decision of young generation in urban China: Based on a study on determinants of residential choice in Beijing

Wang, Yuna; Otsuki, Takeshi

doi:10.1016/j.habitatint.2015.07.002

Cited by 22 publications

(12 citation statements)

References 57 publications

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“…Housing choices are an essential part of life, and the factors influencing these choices are diverse [31,32]. Before the 21st century, the initial empirical study on housing choices focused on the impact of family characteristics [33], arguing that family status and size had a significant effect on housing choices.…”

Section: Factors For Housing Selectionmentioning

confidence: 99%

“…According to Wang's research, marital status and parental assets were emphasized as the most important driving forces for housing choices. Marital status and monthly income are also crucial factors in renting intentions [31]. However, in the first decade of the 21st century, many scholars explored the impact of population, housing affordability, psychological factors, institutions and policies [35,36].…”

Section: Factors For Housing Selectionmentioning

confidence: 99%

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Understanding the Intention and Behavior of Renting Houses among the Young Generation: Evidence from Jinan, China

Zheng

Cheng

2019

Sustainability

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In the last decade, the rapid growth of China’s economy and population has generated a large demand for housing. Increasingly high prices have become the main obstacle for homeownership, especially for the young generation. In this study, we investigate the determinants of rental housing among the young generation in Chinese cities. A theoretical model and hypotheses were proposed by extending the theory of planned behavior (TPB). An empirical analysis was conducted via the structural equation model validation to reveal the following conclusions. (1) Attitude towards behavior (perceived usefulness and perceived usability) are the most important factors influencing renting behavior. (2) Mandatory policies and regulatory pressures promote renting behavior. (3) The government’s economic incentives have a significant impact on perceptual behavior control and indirectly affect behavioral intentions through perceptual behavior control. Based on the above conclusions, this study proposed recommendations for the government and businesses. This study contributed to existing theory and practice by providing useful insights into the influences on the young generation’s renting intentions. Furthermore, these findings provide the government with implications for facilitating the sustainability of the housing market.

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Section: Factors For Housing Selectionmentioning

confidence: 99%

Section: Factors For Housing Selectionmentioning

confidence: 99%

Understanding the Intention and Behavior of Renting Houses among the Young Generation: Evidence from Jinan, China

Zheng

Cheng

2019

Sustainability

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“…For more information on the hukou system and its role in stratification, seeCheng & Selden, 1994;Chan & Zhang, 1999; Wang, 2004. 5 For more information on how hukou status constrains migrants' housing choices, seeHuang et al, 2013;Wang & Otsuki, 2015; Xie & Chen, 2018. 6 In China, welfare provisions are more generous in urban areas than in rural areas.…”

mentioning

confidence: 99%

The role of family reciprocity within the welfare state in intergenerational transfers for home ownership: Evidence from Chongqing, China

Deng

Elsinga²

2020

Cities

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Worldwide, housing is increasingly unaffordable for young people, many of whom rely on intergenerational transfers of assets to enter home ownership. This paper aims to qualitatively analyze the impacts of the welfare state and family reciprocity on young people's opportunity to access home ownership. Evidence from in-depth interviews with parents and young adults from Chongqing, Southwest China, shows that intergenerational transfers play an indispensable role in young people's opportunity to access home ownership. Such transfers are mainly motivated by the expectation of generalized reciprocity for old age care. The welfare state plays a role by lessening the pressure of unwanted reciprocity. Families with a local urban background, who tend to have more access to public welfare due to China's dualist welfare system, are less eager to invest in intergenerational transfers or expect less reciprocity if they are transferred. We argue that policies that encourage homeownership and that restrict social rental housing will put pressures on families and could potentially offset the policy intentions to improve the fertility rate and labor force participation.

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“…Among housing attributes, tenure and location are particularly emphasised, although price and quality, which are highly correlated with tenure and location, are also significant aspects (Clapham, 2002). Despite considerable variations, rental housing choices predominate in the initial stage of a housing career, and are often followed by a transition to ownership, as owned homes generally are of higher quality and provide a sense of financial and psychological security (Foye et al, 2018; Huang, 2004; Wang and Otsuki, 2015). Changes in residential location, which constitute the spatial aspects of housing careers, offer a micro-level understanding of the sorting mechanism of socio-spatial stratification and urban restructuring (Li and Mao, 2017; Wu, 2004).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Empirical studies revealed that, during the transitional period of housing reforms (1990s and early 2000s), life course factors as well as institutional factors exerted significant influence on housing behaviour (Huang, 2004; Li et al, 2005). However, more recent research has revealed that, with the deepening of housing reforms, market factors are becoming pivotal in explaining housing behaviour, and institutional factors no longer have influence, except for hukou status (Cui et al, 2015b; Deng et al, 2016; Wang and Otsuki, 2015). Another unique situation in China is that homeownership is a prerequisite for marriage.…”

Section: Literature Reviewmentioning

confidence: 99%

Housing career disparities in urban China: A comparison between skilled migrants and locals in Nanjing

Cui

2018

Urban Studies

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The last two decades have witnessed a substantial growth of the owner-occupied housing sector in urban China, where most people tend to follow a conventional life course in terms of ascending the housing ladder towards homeownership. Yet, with skyrocketing housing prices in the real estate market, fragmentation in housing opportunities has become more important in reshaping the structure of social inequalities. This paper investigates the disparities in housing careers between skilled migrants and their local counterparts in Nanjing, focusing on temporal and spatial aspects. Specifically, this paper examines how skilled migrants’ housing tenure and location change over time, to what extent these changes differ from those of skilled locals, and what factors contribute to the disparities between migrants and locals. The results verify that there are indeed disparities in housing careers between migrants and locals, and the foremost difference lies in the tenure, especially the tenure of the first residence. Spatially, migrants exhibit an outward-bound pattern, often associated with the transition from renting to owning. These disparities in housing careers could be primarily attributed not only to the gap of the intergenerational transfer of wealth between migrants and locals, which can be traced back to regional disparities in economic development, but also to the self-selection of migration. While facing skyrocketing housing prices, the timing of making a foray into the housing market is pivotal. This study also revealed the diminishing marginal utility of education that is found in terms of establishing a superior housing career.

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Do institutional factors influence housing decision of young generation in urban China: Based on a study on determinants of residential choice in Beijing

Cited by 22 publications

References 57 publications

Understanding the Intention and Behavior of Renting Houses among the Young Generation: Evidence from Jinan, China

Understanding the Intention and Behavior of Renting Houses among the Young Generation: Evidence from Jinan, China

The role of family reciprocity within the welfare state in intergenerational transfers for home ownership: Evidence from Chongqing, China

Housing career disparities in urban China: A comparison between skilled migrants and locals in Nanjing

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