Social Consequences of Homeownership: Evidence from the Home Ownership Scheme in Hong Kong.
Homeownership is expected to provide a wide range of social benefits. However, the empirical evidence for causation is weak, and knowledge beyond Western countries is even more limited. This article investigates how homeownership affects life satisfaction and subjective class identification in Hong...
| Publicado en: | Social Forces Vol. 101; no. 3; pp. 1460 - 1485 |
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| Autores principales: | , |
| Formato: | Artículo |
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Oxford University Press / USA
Mar2023
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=161313552&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 161313552 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00377732 SFR jtl: Social Forces issn: 00377732 maglogo: N pubinfo: dt: Mar2023 vid: 101 iid: 3 pid: 622 pub: Oxford University Press / USA artinfo: ui: 161313552 10.1093/sf/soac011 ppf: 1460 ppct: 25 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.6MB tig: atl: Social Consequences of Homeownership: Evidence from the Home Ownership Scheme in Hong Kong. aug: au: Miao, Jia Wu, Xiaogang affil: Center for Applied Social and Economic Research (CASER) , NYU Shanghai , China Center for Applied Social and Economic Research (CASER) , NYU Shanghai, China and Department of Sociology, New York University, US su: Hong Kong (China) China Home ownership Housing policy Social classes Satisfaction sug: subj: Home ownership Housing policy Social classes Satisfaction Hong Kong (China) China Administration of Housing Programs Other Community Housing Services ab: Homeownership is expected to provide a wide range of social benefits. However, the empirical evidence for causation is weak, and knowledge beyond Western countries is even more limited. This article investigates how homeownership affects life satisfaction and subjective class identification in Hong Kong. The Home Ownership Scheme, a large-scale subsidized homeownership program based on a random draw, represents a quasi-experimental setting to identify the causal impact of homeownership. Based on the analyses of data from four waves of the Hong Kong Panel Study of Social Dynamics (HKPSSD) and instrumental variable estimation, we show that homeownership significantly improves life satisfaction among Hong Kong adults, and that those who own a home deem themselves as belonging to a higher social class. This study contributes to the understanding of homeownership effects by providing causal evidence from a Chinese society and sheds light on the effectiveness of housing policies that aim to promote homeownership in Hong Kong and beyond. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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