Journal article

'The quintessential Chinese dream'? Homeownership and the subjective wellbeing of China's next generation

Kushneel Prakash, Russell Smyth

China Economic Review (Amsterdam) | Elsevier | Published : 2019


Owning one's own home is an important objective for many people and homeownership potentially has important economic and social implications for both the homeowner and their children. Yet, while the effects of homeownership on various aspects of children's objective wellbeing are well documented,1 the effect of homeownership on children's subjective wellbeing (SWB)2 has received very little attention in the literature. Some studies have considered the SWB of children (see e.g. Casas & Rees 2015; Migliorini, Tassara, & Rania 2018; Rees & Bradshaw 2018; Tomyn & Cummins 2011; Tomyn, Fuller-Tyszkiewicz, Cummins, & Norrish 2017). There is only one study that considers the relationship between hom..

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Funding Acknowledgements

The data are from China Family Panel Studies (CFPS), funded by 985 Program of Peking University and carried out by the Institute of Social Science Survey of Peking University. The usual caveat applies. The authors would like to thank Choon Wang, Lata Gangadharan, Haining Wang, Vinod Mishra, Zhiming Cheng and two anonymous referees for insightful comments on an earlier version that greatly improved the paper.