HOUSING PRICES AND HOUSEHOLD SAVINGS: EVIDENCE FROM URBAN CHINA

Аннотация

This article investigates the relationship between housing prices and household savings in urban China. The soaring housing prices in many Chinese cities have raised concerns about their impact on household financial behaviour, particularly on savings patterns. Understanding the dynamics between housing prices and household savings is crucial for policymakers and researchers alike. By analysing household-level data and employing advanced econometric techniques, this study aims to unravel the link between housing prices and household savings in urban China, shedding light on the implications for financial stability and economic development. KEYWORDS Housing prices, household savings, urban China, wealth accumulation, financial behavior.