Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/163171
Authors: 
Li, Sheng
Li, Jie
Ouyang, Alice Y.
Year of Publication: 
2017
Series/Report no.: 
ADBI Working Paper 671
Abstract: 
We examine the issue of the widening wealth inequality in the People's Republic of China (PRC) from the perspective of housing. Using China Household Finance Survey (CHFS) data from 2011, we find that the PRC's wealth inequality including housing is much larger than income inequality. Housing value appreciation, in particular, contributes to wealth inequality by allowing households to enjoy equity market premium through investing more in equity markets and taking a higher position in risky assets.
Subjects: 
Economics
China, People's Republic of
JEL: 
E44
O11
O15
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/3.0/igo/
Document Type: 
Working Paper

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