Housing Reform in Urban China

Efficiency, Distribution and the Implications for Social Security

Bibliographic Data

ID9725103
AuthorsStephen E Pudney (0000-0002-5697-0976), Stephen Pudney, Limin Wang (0000-0001-9618-9239)
Year1995
Volume62
Issue246
Pages141
Publication date1995-05-01
Open AccessNo
TypeARTICLE
VenueEconomica (JOURNAL)
Journal identifiersISSN: 0013-0427 • E-ISSN: 1468-0335
PublisherJSTOR (PUBLISHER)
DOI10.2307/2554900
OpenAlexW1964426966
LanguageEN
Citations received11

We investigate the distribution of a measure of housing consumption among public tenants in cities of two Chinese provinces, using household survey data. We find the resulting distribution roughly consistent with the outcome of a market rental system, for fixed supply and CES preferences. There is surprisingly little evidence of allocative inefficiency in the present bureaucratic allocation system. We estimate the possible effects of market-oriented housing reform. Under alternative assumptions about the system of cash transfers used to compensate for a move to market rents, we investigate the distributional impact of reform and the likely need for supplementary cash benefits for low-income households

Allocative efficiency · Business · Cash · China · Distribution (mathematics) · Economic rent · Economics · Income distribution · Inefficiency · Inequality · Labour economics · Market economy · Microeconomics · Public economics · Renting · Social security · Survey data collection · Finance · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Urban and Rural Development Challenges

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