Spatial inequality and housing in China

IF 5.7 1区经济学 Q1 ECONOMICS

Journal of Urban Economics Pub Date : 2023-03-01 DOI:10.1016/j.jue.2023.103532

Thomas Fischer

引用次数: 0

Abstract

This paper investigates the evolution of inequality in China (1978–2015) through the lens of a dynamic spatial general equilibrium model with migration and capital formation. Due to an urban-rural income gap there is domestic migration from the rural to the urban areas which tends to reduce inequality. The resulting increase in urban house prices can, however, constitute an endogenous barrier to further urbanization. Increasing housing prices increase within-urban inequality between renters and landlords and also lock in urban-rural income differences. The calibrated model explains current, and projects future, development in China.

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中国的空间不平等与住房

本文通过移民和资本形成的动态空间一般均衡模型研究了中国（1978–2015）不平等的演变。由于城乡收入差距，国内有从农村到城市的移民，这往往会减少不平等。然而，由此导致的城市房价上涨可能构成进一步城市化的内生障碍。不断上涨的房价加剧了城市内部租房者和房东之间的不平等，也锁定了城乡收入差异。校准后的模型解释了中国目前的发展，并预测了未来的发展。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Urban Economics Multiple-

CiteScore

10.60

自引率

4.80%

发文量

期刊介绍： The Journal of Urban Economics provides a focal point for the publication of research papers in the rapidly expanding field of urban economics. It publishes papers of great scholarly merit on a wide range of topics and employing a wide range of approaches to urban economics. The Journal welcomes papers that are theoretical or empirical, positive or normative. Although the Journal is not intended to be multidisciplinary, papers by noneconomists are welcome if they are of interest to economists. Brief Notes are also published if they lie within the purview of the Journal and if they contain new information, comment on published work, or new theoretical suggestions.