scholarly journals Housing wealth inequality in urban China: the transition from welfare allocation to market differentiation

2020 ◽  
Vol 7 (1) ◽  
Author(s):  
Chunling Li ◽  
Yiming Fan
Keyword(s):  
Social Stratification ◽  
Wealth Inequality ◽  
Market Transition ◽  
Urban China ◽  
Housing Wealth ◽  
Market Mechanisms ◽  
Social Survey ◽  
Institutional Effect ◽  
New Perspective ◽  
Housing Assets

Abstract The differentiation of housing assets is an important embodiment of wealth inequality and is also an important dimension of social stratification. The housing distribution in China has experienced a transition from welfare allocation to market distribution over the decades. This process has led to a change in the housing stratification mechanism and widened housing wealth inequality, which has evoked theoretical disputes about “market transition,” “power persistence,” and “power derivation.” Based on the 2017 Chinese Social Survey (CSS), this article examines the housing wealth inequality in urban China and probes the major drivers of housing stratification. The results suggest that with the progress of housing marketization, market mechanisms have replaced the original socialist redistribution mechanisms and have become the major drivers of housing wealth inequality. However, some of the original socialist institutional arrangements continue to have strong effects on housing wealth inequality. The persisting institutional effect may provide a new perspective for exploring housing wealth inequality in contemporary urban China.

Women and Housing Assets in the Context of Japan's Home-owning Democracy

2008 ◽  
Vol 37 (4) ◽  
pp. 641-660 ◽  
Author(s):  
YOSUKE HIRAYAMA ◽  
MISA IZUHARA
Keyword(s):  
Social Stratification ◽  
Home Ownership ◽  
Economic Life ◽  
Market Mechanisms ◽  
Economic Changes ◽  
Family Work ◽  
Male Breadwinner ◽  
Wide Range ◽  
Asset Portfolio ◽  
Housing Assets

AbstractDespite the fact that women's rights have been increasingly defined as equal to men's in law and policy, in post-Second World War Japan women continue to be at a disadvantage in many aspects of social and economic life. Drawing from a survey of 2,205 Japanese women, this article focuses in particular on women's home ownership as a new catalyst behind increasing social stratification in Japan. The women's experiences are closely linked to Japan's institutional ‘familism’: the development of social policy that has been explicitly connected to the male-breadwinner model. We argue that a wide range of institutional and policy practices – mortgage provision, property ownership, social security and taxation and labour market mechanisms – has combined to define the housing asset status of women. We discuss the women's current housing asset portfolio, and also recent socio-economic changes that have begun to redefine their position in a home-owning society. The case of Japan – a patriarchal but shifting home-owning democracy – contributes to our understanding of the contemporary dynamics of women's interaction between family, work and housing in the institutional context.

scholarly journals Difference in Housing Finance Usage and Its Impact on Housing Wealth Inequality in Urban China

Land ◽  
2021 ◽  
Vol 10 (12) ◽  
pp. 1404
Author(s):  
Shan Yu ◽  
Can Cui
Keyword(s):  
Wealth Inequality ◽  
Urban China ◽  
Wealth Accumulation ◽  
Housing Wealth ◽  
Asset Accumulation ◽  
Urban Hierarchy ◽  
Household Asset ◽  
Financing Channels ◽  
Spatial Stratification

With the increasing importance of financial loans in home purchases in urban China, the role of housing loans in the accumulation of housing wealth needs to be unraveled. Using the data from the 2017 China Household Finance Survey (CHFS), this study investigates the use of housing loans and their impact on housing wealth inequality. It has been found that people with higher socioeconomic status and institutional advantages benefit more from housing provident fund loans and are more likely to fully invoke different financing channels to accumulate housing wealth. On the contrary, disadvantaged groups have to resort to costly market-based mortgages to finance their home purchases. This leads them to fall further behind in housing wealth accumulation. The spatial stratification of housing wealth accompanying the urban hierarchy was also observed and found to be closely linked to the type of housing loans. In this increasingly financialized era, relying on financial instruments in the process of household asset accumulation may further amplify the existing wealth inequality among social groups.

Inequality and Social Stratification in Postsocialist China

2019 ◽  
Vol 45 (1) ◽  
pp. 363-382 ◽  
Author(s):  
Xiaogang Wu
Keyword(s):  
Social Class ◽  
Survey Data ◽  
Social Stratification ◽  
Comparative Research ◽  
Empirical Studies ◽  
Market Transition ◽  
Housing Wealth ◽  
High Quality ◽  
Future Direction ◽  
Systematic Collection

This article reviews research on inequality and social stratification in China since the mid-1990s. Going beyond the theoretical framework of the market transition debate, research in the field has been advanced by paying more attention to the roles of the institutions of Chinese state socialism, such as the household registration ( hukou) and urban work unit ( danwei) systems, and workers’ self-selective mobility. Empirical studies have benefited from the systematic collection of well-designed and high-quality survey data and from the application of advanced statistical methods. Substantive analysis has been extended to new themes related to social class, gender, ethnicity, education, and housing wealth. This review concludes by seeking to identify the wider implications of empirical findings from China for comparative research on inequality and social stratification and by providing some suggestions for the future direction of the field.

What Drove Housing Wealth Inequality in China?

2021 ◽  
Vol 29 (1) ◽  
pp. 32-60
Author(s):  
Guanghua Wan ◽  
Chen Wang ◽  
Yu Wu
Keyword(s):  
Wealth Inequality ◽  
Housing Wealth

scholarly journals Intergenerational housing asset transfer and the reproduction of housing inequality in urban China

2018 ◽  
Vol 4 (4) ◽  
pp. 453-480 ◽  
Author(s):  
Ling Zhu
Keyword(s):  
Social Status ◽  
General Social Survey ◽  
Wealth Inequality ◽  
Urban Housing ◽  
Urban China ◽  
Economic Resources ◽  
Housing Status ◽  
Housing Inequality ◽  
Asset Transfer ◽  
Chinese General Social Survey

After the massive commodification of urban housing in the 1990s, housing inequality is now a major source of wealth inequality in urban China. Previous studies of housing inequality have rarely explored the extent and mechanisms of intergenerational housing inequality reproduction. This study fills this gap and examines how intergenerational housing asset transfer affects housing status in contemporary urban China. An analysis of data from the 2006 Chinese General Social Survey yields two important findings. First, ascribed factors such as parental social status have a greater influence than individuals’ own social status on their housing status. Second, intergenerational housing asset transfer has become an important mechanism of housing inequality reproduction. Elite parents are more likely to provide transferred assets, which prevents their downward-mobilised children from changing their relative housing status. Against the backdrop of rising wealth inequality in China, this study illustrates how the intergenerational transmission of economic resources is becoming an increasingly important mechanism of inequality reproduction.

Market Transition and Gender Gap in Earnings in Urban China

Social Forces ◽  
2003 ◽  
Vol 81 (4) ◽  
pp. 1107-1145 ◽  
Author(s):  
X. Shu ◽  
Y. Bian
Keyword(s):  
Gender Gap ◽  
Market Transition ◽  
Urban China ◽  
And Gender
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