Purpose
This paper aims to develop and estimate a logit model of whether homeownership could be promoted by participation in and use of the Housing Provident Fund (HPF) program, with a focus on factors that influence the use of HPF loans.
Design/methodology/approach
This paper develops and estimates a logit model of whether homeownership could be promoted by participation in and use of the HPF program, with a focus on factors that influence the use of HPF loans.
Findings
The results show that coefficients of marital status, educational level, age, duration of employment and employer are significantly related to the use of HPF loan for homeownership.
Research limitations/implications
Because of the chosen research approach, the research results may lack generalizability.
Practical implications
The research findings provide a better understanding of homeowners’ characteristics.
Originality/value
To manage the HPF program effectively, it is important for government to have a better understanding of the underlying demand for homeownership, especially with respect to the different demographic variables and accessibility to HPF loans and the HPF.
The unintended impact of housing provident fund on income inequality in urban China
