Premium
The Consequences of Having a Son on Family Wealth in Urban C hina
Author(s) -
Li Lixing,
Wu Xiaoyu
Publication year - 2017
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/roiw.12215
Subject(s) - economics , labour economics , demographic economics
Due to the influence of traditional culture, housing is regarded as a status good and plays an important role in improving male competitiveness in the marriage market in C hina. Using data from a recent household survey, we find that urban families with a son are more likely to own a house, with a larger size, and at an earlier date. With the booming of the C hinese housing market since the late 1990s as background, having a son thus generates a substantial effect on family wealth through the channel of house ownership. Using the gender of the first‐born child as an instrument, our estimation shows that families with a son have 188 thousand RMB yuan higher housing wealth on average.
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom