Multiple Home Ownership in the Process of Market Deepening: Has the Influence of Institutional Factors Weakened?

Authors: Jianyu Ren*, student and government
Topics: China, Urban and Regional Planning, Human Rights
Keywords: Multiple home ownership;Reform of the housing system; Institutional factors
Session Type: Paper
Day: 4/3/2019
Start / End Time: 9:55 AM / 11:35 AM
Room: Council Room, Omni, West
Presentation File: No File Uploaded

The reform of China's housing system has brought new life to the housing market. For Chinese urban families,the phenomenon of multiple home ownership has emerged, with the proportion as high as 15%. This has caused widespread concern. Existing studies have analyzed the influence of institutional and market factors on multiple home ownership, but few have analyzed whether institutional factors have changed in the process of market deepening. Based on the Chinese General Social Survey, this paper analyzes the influence and changes of institutional factors such as occupational factors, household registration and work units on multiple home ownership by using Multi-nominal Logit and Logit regression models. Under the condition of controlling individual and family characteristics and regional factors, taking renting a house as the reference group, the respondents are local urban residents, working units are party and government organs, state-owned enterprises/public institutions, collective enterprises/public institutions are more likely to own multiple houses. Families in which the respondent is in charge, his or her spouse is in charge, and his or her parents are in charge are more likely to have multiple home ownership. This reveals from the perspective of housing that institutional forces in China's transitional economy are still maintained, but institutional factors such as unit and person in charge have not changed significantly, which supports the theory of power persistence, while the influence of household registration factors has changed significantly, which related to the reform of the household registration system. Finally, the corresponding policy recommendations have been forward.

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