Inheritance Dynamics and Housing Price Fluctuations: Evidence from the China Household Finance Survey

27 Pages Posted: 10 Apr 2024

See all articles by Zixuan Wang

Zixuan Wang

City University of Macau

YU FENG

Chongqing University

Yan Li

Hong Kong Polytechnic University

zehao Wang

affiliation not provided to SSRN

Ouwen Lin

affiliation not provided to SSRN

Abstract

Population aging profoundly impacts the economy, especially real estate. Evolving housing demand, driven by changing family structures and finances, is shaped by inheritance considerations, influencing investment decisions and market dynamics. Using China Household Finance Survey data (2013-2019), this study explores aging's effects on housing prices, focusing on inheritance motives and male descendants' influence. Aging decreases prices, but inheritance motives, especially with male heirs, counterbalance. Geographically, this impact varies, with education levels also playing a role. Addressing demographic shifts and cultural norms is vital for housing market stability.

Keywords: Family Aging, Inheritance Motives, Male Offspring Among Household Descendants, Housing Prices

Suggested Citation

Wang, Zixuan and FENG, YU and Li, Yan and Wang, zehao and Lin, Ouwen, Inheritance Dynamics and Housing Price Fluctuations: Evidence from the China Household Finance Survey. Available at SSRN: https://ssrn.com/abstract=4790482 or http://dx.doi.org/10.2139/ssrn.4790482

Zixuan Wang

City University of Macau ( email )

87 號, 81 Av. Xian Xing Hai
Macau
China

YU FENG (Contact Author)

Chongqing University ( email )

Shazheng Str 174, Shapingba District
Shazheng street, Shapingba district
Chongqing 400044, 400030
China

Yan Li

Hong Kong Polytechnic University ( email )

11 Yuk Choi Rd
Hung Hom
Hong Kong

Zehao Wang

affiliation not provided to SSRN ( email )

No Address Available

Ouwen Lin

affiliation not provided to SSRN ( email )

No Address Available

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