Inheritance Dynamics and Housing Price Fluctuations: Evidence from the China Household Finance Survey
27 Pages Posted: 10 Apr 2024
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
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