Losing the future: Household wealth from urban housing demolition and children's human capital in China

Feng, Lu; Xiao, Jing Jian

doi:10.1016/j.chieco.2020.101533

Cited by 16 publications

(16 citation statements)

References 47 publications

(76 reference statements)

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“…The results of the mechanism analysis suggest that household wealth encourages individuals or families to invest in health insurance, which agrees with the findings of Bernard et al [ 61 ]. Furthermore, the effect of household wealth on labor supply is negatively significant for both females and males, which is consistent with the results of previous studies [ 62 , 63 ].…”

Section: Discussionsupporting

confidence: 92%

Household Wealth and Individuals’ Mental Health: Evidence from the 2012–2018 China Family Panel Survey

Zhang

Xia

et al. 2022

IJERPH

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Based on the data from the 2012–2018 China Family Panel Survey, this study examines the impact of household wealth on individuals’ mental health using a two-way fixed effects model. The findings indicate that household wealth exerts a significant positive effect on individuals’ mental health. Furthermore, this study shows that the impact of household wealth on individuals’ mental health is nonlinear but inverted U-shaped. Considering the possible endogeneity problem, this study further examines the effect of household wealth on residents’ mental health using two-stage least squares, and the conclusions remain robust. The results of the heterogeneity analysis indicate that household wealth has a greater impact on the mental health of residents in the low-education group and western region. Furthermore, the results of the mechanisms reveal that household wealth affects mental health by influencing insurance investment and individuals’ labor supply. Moreover, this study finds that household wealth affects individuals’ mental health not only in the short term but also in the medium and long terms. This study provides policy implications for the government toward improving individuals’ mental health.

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Section: Discussionsupporting

confidence: 92%

Household Wealth and Individuals’ Mental Health: Evidence from the 2012–2018 China Family Panel Survey

Zhang

Xia

et al. 2022

IJERPH

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“…As panel B of Table 6 shows, negative effects on labor force participation and farm work participation are mainly driven by women. A social norm in China is that men work outside the home and women do housework (Chen & Ge, 2018; Li & Xiao, 2020). Women are more likely to withdraw from the labor force, which is similar to Michael (2011), which finds that women commonly have a much stronger labor supply response to changes in wealth.…”

Section: Estimation Resultsmentioning

confidence: 99%

Effects of housing demolition on labor supply: Evidence from China

Xue-cun

Liu

2022

Review Development Economics

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This paper investigates how housing demolition affects labor supply using the China Family Panel Studies, a nationally representative household survey from China. We argue that housing demolition is likely to be random across households within the same community. We find that housing demolition reduces overall labor force participation by ~3.3 percentage points and farm work participation by ~4.4 percentage points. We also find that the negative impact on labor force participation is mainly driven by older people, women, less‐educated people, and people living in rural regions. The negative impact of housing demolition on labor force participation persists over time.

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“…From the perspective of credit, Pool et al (2015) proposed that to avoid procyclicality, banks should make forward-looking provisions for loan losses rather than retrospective provisions to avoid drastic fluctuations in the real economy. Li and Xiao (2020) pointed out that during an economic recession, the inflow of residential capital exerts a potentially positive effect on the domestic real economy by mitigating the impact of the crisis on the local economy. With the great capital flow during this period, the potential welfare also increases.…”

Section: Literature Reviewmentioning

confidence: 99%

Realization path of social capital “exit from virtual to real”: evidence from China

Wan

et al. 2022

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PurposeHow to realize social capital “exit from virtual to real” has become not only a hot issue that elicited economists' and the practice field's concern but also a key economic structure problem that the government has to solve urgently. The main purpose of this study is to explore effective methods for social capital to “exit from virtual to real”.Design/methodology/approachThe study investigates the realization path of social capital's “exit from virtual to real” by using firm theory and data from the National Bureau of Statistics in China. Provincial panel data are also utilized to empirically test the impact of social capital's de-realization to virtual (or from virtual to real) on economic development and whether the path of social capital “from virtual to real” is valid.FindingsThis study analyzes the development status of social funds serving the real economy and the hazards of social funds' “exit from real to virtual,” which are mainly viewed as eroding the development of the real economy and causing operating difficulties. On the basis of firm theory, the internal motivation for why social funds flow to the real economy is explored from the perspectives of the needs of the real economy, price and profit. Moreover, this study designs a path for returning social capital to the real economy.Practical implicationsOverall, expanding aggregate demand while providing an effective supply and implementing a proactive fiscal policy that focuses on structural tax cuts while keeping margins in the virtual economy are appropriate for promoting the competitiveness of the real economy.Originality/valueThis study explores a topic, namely, social capital “exit from virtual to real,” that has received little attention. It provides an in-depth discussion of the following questions. (1) What is the current situation of social capital serving the real economy? (2) What kind of harm can social capital bring to society? What are the inherent barriers to the flow of social capital to the real economy? (3) At this stage, how can the effective transformation of social capital into the real economy be realized? The findings help in understanding the sustainable entrepreneurship concept, particularly in developing countries.

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Losing the future: Household wealth from urban housing demolition and children's human capital in China

Cited by 16 publications

References 47 publications

Household Wealth and Individuals’ Mental Health: Evidence from the 2012–2018 China Family Panel Survey

Household Wealth and Individuals’ Mental Health: Evidence from the 2012–2018 China Family Panel Survey

Effects of housing demolition on labor supply: Evidence from China

Realization path of social capital “exit from virtual to real”: evidence from China

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