Like father, like son? Intergenerational transmission of household housing preference: Evidence from China
Based on the cross-generational data of the China Family Panel Studies (CFPS) in 2010, 2014, 2018, this paper empirically explores the intergenerational transmission of household housing preference and its underlying mechanism from a perspective of intergenerational transmission. It finds that: (1)...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-12-01
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| Series: | Heliyon |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844024167412 |
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| author | Lixuan Chen Sijia Guo Wen Zhang Xiuting Li Jichang Dong |
| author_facet | Lixuan Chen Sijia Guo Wen Zhang Xiuting Li Jichang Dong |
| author_sort | Lixuan Chen |
| collection | DOAJ |
| description | Based on the cross-generational data of the China Family Panel Studies (CFPS) in 2010, 2014, 2018, this paper empirically explores the intergenerational transmission of household housing preference and its underlying mechanism from a perspective of intergenerational transmission. It finds that: (1) There is a distinct intergenerational transmission of housing preference. (2) For offspring under the age of 45, or those who are female, the intergenerational transmission of housing preferences from parents to their children is more pronounced. (3) Fertility intentions exhibit a resource dilution effect on the intergenerational transmission of housing preference. (4) The stronger the belief within a family that a child's future success depends on the family's economic status, the more likely it is to negatively influence the child's housing preferences. (5) Parents not only affect their children's consumption preferences regarding housing but also shape their attitudes towards borrowing for home purchases. This paper offers new insights into understanding household housing preference, and provides a foundation for government initiatives aimed at guiding households in rational asset allocation through social mechanisms. |
| format | Article |
| id | doaj-art-1552e9fbfdf441548f0c8eac6b80c90f |
| institution | OA Journals |
| issn | 2405-8440 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj-art-1552e9fbfdf441548f0c8eac6b80c90f2025-08-20T01:58:16ZengElsevierHeliyon2405-84402024-12-011024e4071010.1016/j.heliyon.2024.e40710Like father, like son? Intergenerational transmission of household housing preference: Evidence from ChinaLixuan Chen0Sijia Guo1Wen Zhang2Xiuting Li3Jichang Dong4College of Economics, Northwest Normal University, Lanzhou, 730070, China; School of Economics and Management, University of Chinese Academy of Sciences, Beijing, 100190, ChinaSchool of Economics and Management, University of Chinese Academy of Sciences, Beijing, 100190, ChinaSchool of Economics and Management, University of Chinese Academy of Sciences, Beijing, 100190, ChinaSchool of Economics and Management, University of Chinese Academy of Sciences, Beijing, 100190, China; MOE Social Science Laboratory of Digital Economic Forecasts and Policy Simulation at UCAS (cultivate), Beijing, 100190, China; Corresponding author. School of Economics and Management, University of Chinese Academy of Sciences, Beijing, 100190, China.School of Economics and Management, University of Chinese Academy of Sciences, Beijing, 100190, China; MOE Social Science Laboratory of Digital Economic Forecasts and Policy Simulation at UCAS (cultivate), Beijing, 100190, ChinaBased on the cross-generational data of the China Family Panel Studies (CFPS) in 2010, 2014, 2018, this paper empirically explores the intergenerational transmission of household housing preference and its underlying mechanism from a perspective of intergenerational transmission. It finds that: (1) There is a distinct intergenerational transmission of housing preference. (2) For offspring under the age of 45, or those who are female, the intergenerational transmission of housing preferences from parents to their children is more pronounced. (3) Fertility intentions exhibit a resource dilution effect on the intergenerational transmission of housing preference. (4) The stronger the belief within a family that a child's future success depends on the family's economic status, the more likely it is to negatively influence the child's housing preferences. (5) Parents not only affect their children's consumption preferences regarding housing but also shape their attitudes towards borrowing for home purchases. This paper offers new insights into understanding household housing preference, and provides a foundation for government initiatives aimed at guiding households in rational asset allocation through social mechanisms.http://www.sciencedirect.com/science/article/pii/S2405844024167412Intergenerational transmissionPreference transmissionHousing preferenceHousehold finance |
| spellingShingle | Lixuan Chen Sijia Guo Wen Zhang Xiuting Li Jichang Dong Like father, like son? Intergenerational transmission of household housing preference: Evidence from China Heliyon Intergenerational transmission Preference transmission Housing preference Household finance |
| title | Like father, like son? Intergenerational transmission of household housing preference: Evidence from China |
| title_full | Like father, like son? Intergenerational transmission of household housing preference: Evidence from China |
| title_fullStr | Like father, like son? Intergenerational transmission of household housing preference: Evidence from China |
| title_full_unstemmed | Like father, like son? Intergenerational transmission of household housing preference: Evidence from China |
| title_short | Like father, like son? Intergenerational transmission of household housing preference: Evidence from China |
| title_sort | like father like son intergenerational transmission of household housing preference evidence from china |
| topic | Intergenerational transmission Preference transmission Housing preference Household finance |
| url | http://www.sciencedirect.com/science/article/pii/S2405844024167412 |
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