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Thomas Fischer . Photo

Thomas Fischer

Associate professor

Thomas Fischer . Photo

Spatial inequality and housing in China

Author

  • Thomas Fischer

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.

Department/s

  • Department of Economics

Publishing year

2023-03

Language

English

Publication/Series

Journal of Urban Economics

Volume

134

Document type

Journal article

Publisher

Elsevier

Topic

  • Economics

Keywords

  • China
  • Housing
  • Inequality
  • Regional migration
  • Urban-rural divide

Status

Published

ISBN/ISSN/Other

  • ISSN: 0094-1190