
Thomas Fischer
Docent

Spatial inequality and housing in China
Författare
Summary, in English
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.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2023-03
Språk
Engelska
Publikation/Tidskrift/Serie
Journal of Urban Economics
Volym
134
Dokumenttyp
Artikel i tidskrift
Förlag
Elsevier
Ämne
- Economics
Nyckelord
- China
- Housing
- Inequality
- Regional migration
- Urban-rural divide
Aktiv
Published
ISBN/ISSN/Övrigt
- ISSN: 0094-1190