Inequality and Social Capital: How Inequality in China’s Housing Assets Affects People’s Trust

Dai, Tiantian; Jiang, Shenyi; Sun, Ang; Wu, Sihong

doi:10.1080/1540496x.2018.1516637

Cited by 13 publications

(8 citation statements)

References 23 publications

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“…Because of the connections between residents within a social network, their direct or indirect relationships enable their interactions to be more easily embedded within the community. Dai et al (2020) used the difference-in-differences approach to investigate the housing price inequality in China on the basis of trust in social capital. The results showed that the economic control plan implemented in 2008 in response to the global financial crisis had increased housing prices, exacerbated the fiscal inequality, and further degraded the residents' trust in the housing prices specified by the government.…”

Section: Literature Review and Theoretical Basis 1literature Reviewmentioning

confidence: 99%

Impacts of Social Capital on Housing Prices: The Case of Special Relationship-Based Transactions

Lee

Yeh

et al. 2023

International Journal of Strategic Property Management

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In Taiwan, many housing transactions are special relationship-based transactions that involve family and friends, debt relations, urgent purchases and sales, and government agencies. As such, the prices in such transactions should differ from those in what we consider to be normal arm’s length transactions. In this regard, social capital theory can be used to analyze these transactions. The empirical data on housing transactions conducted in Taipei City from January 1, 2012 to December 31, 2018 were collected for this study. The empirical results showed that the prices in transactions involving debt relations and urgent purchases and sales were 22.6% lower than those in normal arm’s length transactions. The prices in transactions with government agencies were 48.9% lower than those in normal arm’s length transactions. The prices in transactions with first-degree, second-degree, and third-degree relatives were respectively, 57.3%, 53.1%, and 50.3% lower than those in normal arm’s length transactions. The prices in transactions involving friends were 28.0% lower than those in normal arm’s length transactions. The empirical results highlight the importance of the impacts of personal relationships or social relations on housing prices in special relationship-based transactions. The results also supported the social capital hypothesis.

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Section: Literature Review and Theoretical Basis 1literature Reviewmentioning

confidence: 99%

Impacts of Social Capital on Housing Prices: The Case of Special Relationship-Based Transactions

Lee

Yeh

et al. 2023

International Journal of Strategic Property Management

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“…The influence of community environment on individual depression has been well demonstrated by previous studies. For example, housing equity inequality worsens social trust [39] and divides social classes [40]. The negative mental health problems caused by negative social comparison can be greatly alleviated by the cross-class interaction of social relations and cultural capital in the community [41].…”

Section: Hypothesis 2 (H2)mentioning

confidence: 99%

Community Environment Perception on Depression: The Mediating Role of Subjective Social Class

Zhang

2021

IJERPH

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Depression has become a major social issue of global concern, which has seriously threatened the quality of an individual’s life. Although the relationship between community environment and depression has aroused heated debate, the empirical research on the relationship between community environment perception and public depression is still relatively insufficient. Data for this study are from China Family Panel Studies in 2016, which were conducted by the institute of Social Science Survey, Peking University. This paper has tested group differences in the influence of community environment on public depression, as well as the mediating role of subjective social class between community environment perception and depression, so as to further explore the social psychological effect of community environment. The empirical study found that there are group differences in the impacts of community environment perception on depression. Specifically, men, rural residents, and people aged 60 and under are more likely to be depressed which were affected by the perception of community environment. Furthermore, we have found that the subjective social class can partly mediate community environment perception and depression. That is to say, the perception of community environment can induce depression by influencing the individual’s subjective social class. Among them, community living environment and community public facilities have the greatest impact, community emotional attachment and community security situation have the second impact, and neighborhood mutual aid and neighborhood relationship have the least impact. In other words, the community environment is deeply endowed with a social psychological effect. To ameliorate the public’s depression, it is necessary to consider the construction of community physical environment and the cultivation of harmonious community culture as powerful measures not to be ignored. In short, the important role of community environmental intervention in alleviating the public’s depression caused by social class cognition deserves attention.

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“…To maintain economic stability after the global financial crisis, the Chinese state in 2008 announced a 4 trillion yuan stimulus package. The loans went to both real estate developers and consumers, leading to speculative real estate investment and skyrocketing housing prices, amplifying wealth inequality among residents, and even undermining trust among citizens (Chen, Ye, and Huang 2018; Dai et al 2018). Furthermore, the latest research on student and worker activism in China, on the basis of in-depth interviews, revealed growing discontent with inequality among student activists and workers (Pun 2019).…”

Section: The Subjective Dimension Of Inequality and Its Political Effectsmentioning

confidence: 99%

“…In another article analyzing survey data in 2004, 2009, Whyte (2016 similarly argued that "there also is no clear increase in such anger over time" (p .9). Nonetheless, recent research analyzing Chinese Internet users' keyword search reveals that public concerns about inequality and mobility grew steadily after 2009 (Dai et al 2018;Li, Chen, and He 2019). Studies of workers, college students, intellectuals, and activists also show that there is rising discontent with the apparent disjuncture between inequality and China's socialist principles in recent years (Blanchette 2019;Pun 2019).…”

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confidence: 99%

Revisiting China’s Social Volcano: Attitudes toward Inequality and Political Trust in China

Lei

2020

Socius

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Existing literature suggests that despite rising inequality in China, Chinese people tend to tolerate inequality, so it would be unlikely that rising inequality would cause sociopolitical instability. Few studies, however, have systematically explained Chinese people’s attitudes toward inequality, analyzed attitudinal changes over time, or examined the relationship between such attitudes and political trust. The author’s analysis of national surveys in 2004, 2009, and 2014 yields three findings. First, critical attitudes toward inequality consistently correlate with a structural understanding of inequality and skepticism of procedural or institutional justice. Second, Chinese people’s attitudes toward inequality changed little between 2004 and 2009, but between 2009 and 2014, there was increasing criticality of both inequality and its seeming disjuncture with China’s socialist principles. Third, people who are discontent with income inequality in China are more likely than others to distrust the local government, and those who draw on socialism to critique inequality are also more likely to distrust the central and local governments. Together, these findings suggest rising inequality could have political ramifications.

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Inequality and Social Capital: How Inequality in China’s Housing Assets Affects People’s Trust

Cited by 13 publications

References 23 publications

Impacts of Social Capital on Housing Prices: The Case of Special Relationship-Based Transactions

Impacts of Social Capital on Housing Prices: The Case of Special Relationship-Based Transactions

Community Environment Perception on Depression: The Mediating Role of Subjective Social Class

Revisiting China’s Social Volcano: Attitudes toward Inequality and Political Trust in China

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