{"title":"How public emergencies impact Chinese households’ housing consumption: evidence from the COVID-19 pandemic","authors":"","doi":"10.1007/s10901-023-10107-0","DOIUrl":null,"url":null,"abstract":"<h3>Abstract</h3> <p>As a major public emergency, the COVID-19 pandemic has seriously affected people’s lives worldwide, resulting in changes in housing demand. Based on the China Household Finance Survey in 2015, 2017, 2019, and 2021, and the COVID-19 infections and confirmed cases in all cities, this study applies a difference-in-differences (DID) model to investigate the impact of the COVID-19 pandemic on households’ housing consumption. The results show that the COVID-19 pandemic reduces households’ housing consumption. This decline is caused by changes in households’ purchase intentions and households’ deposit. Furthermore, the impact of the COVID-19 pandemic is more pronounced for households living in first- and second-tier cities and in central and eastern China, and COVID-19 has a greater impact on the housing consumption of urban hukou households and households residing in owner-occupied housing. Overall, this study provides new insights into the impacts of public emergencies on household housing consumption and decisions regarding housing market participation.</p>","PeriodicalId":47558,"journal":{"name":"Journal of Housing and the Built Environment","volume":"2 1","pages":""},"PeriodicalIF":1.8000,"publicationDate":"2024-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Housing and the Built Environment","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s10901-023-10107-0","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
As a major public emergency, the COVID-19 pandemic has seriously affected people’s lives worldwide, resulting in changes in housing demand. Based on the China Household Finance Survey in 2015, 2017, 2019, and 2021, and the COVID-19 infections and confirmed cases in all cities, this study applies a difference-in-differences (DID) model to investigate the impact of the COVID-19 pandemic on households’ housing consumption. The results show that the COVID-19 pandemic reduces households’ housing consumption. This decline is caused by changes in households’ purchase intentions and households’ deposit. Furthermore, the impact of the COVID-19 pandemic is more pronounced for households living in first- and second-tier cities and in central and eastern China, and COVID-19 has a greater impact on the housing consumption of urban hukou households and households residing in owner-occupied housing. Overall, this study provides new insights into the impacts of public emergencies on household housing consumption and decisions regarding housing market participation.
期刊介绍：
The Journal of Housing and the Built Environment is a scholarly journal presenting the results of scientific research and new developments in policy and practice to a diverse readership of specialists, practitioners and policy-makers. This refereed journal covers the fields of housing, spatial planning, building and urban development. The journal guarantees high scientific quality by a double blind review procedure. Next to that, the editorial board discusses each article as well. Leading scholars in the field of housing, spatial planning and urban development publish regularly in Journal of Housing and the Built Environment. The journal publishes articles from scientists all over the world, both Western and non-Western, providing a truly international platform for developments in both theory and practice in the fields of housing, spatial planning, building and urban development.
Journal of Housing and the Built Environment (HBE) has a wide scope and includes all topics dealing with people-environment relations. Topics concern social relations within the built environment as well as the physicals component of the built environment. As such the journal brings together social science and engineering. HBE is of interest for scientists like housing researchers, social geographers, (urban) planners and architects. Furthermore it presents a forum for practitioners to present their experiences in new developments on policy and practice. Because of its unique structure of research articles and policy and practice contributions, HBE provides a forum where science and practice can be confronted. Finally, each volume of HBE contains one special issue, in which recent developments on one particular topic are discussed in depth.
The aim of Journal of Housing and the Built Environment is to give international exposure to recent research and policy and practice developments on the built environment and thereby open up a forum wherein re searchers can exchange ideas and develop contacts. In this way HBE seeks to enhance the quality of research in the field and disseminate the results to a wider audience. Its scope is intended to interest scientists as well as policy-makers, both in government and in organizations dealing with housing and urban issues.
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