Event Date: Thursday, February 27, 2020
Homeownership Attainment of Adult Children in Urban China: Parental Attributes and Financial Support
Zhou Yu
Associate Professor in the Department of Family and Consumer Studies
University of Utah
Thursday, February 27, 2020
4:00 pm,
SSC 6210
Refreshments at 3:30pm in SSC 6256
All Welcome!
Soaring homeownership and housing prices have made it more difficult for newcomers to climb the housing ladder without parental support. This study relies on the China Household Finance Survey microdata in 2015 to examine the role of parental attributes and financial support on adult children’s homeownership attainment. Results show that parental lending for housing would triple the adult children’s odds of homeownership. The relative importance of parental attributes is secondary to that of parental support and the adult children’s institutional attributes—hukou status and access to housing provident fund. Young adults and rural migrants, who are burdened by financially supporting their parents, will struggle more in their housing careers.
Dr. Zhou Yu is Associate Professor in the Department of Family and Consumer Studies at the University of Utah, where he directs the Financial Planning and Counseling programs. Trained in the fields of demography and planning, he received his PhD from the University of Southern California. His research focuses on the intersection between housing and immigration. He is an expert on household formation, homeownership attainment, and immigrant adaptation to the U.S. His research has shed light on the generational divide in housing attainment—an important aspect of wealth inequality. His research has been supported by institutions such as TD Ameritrade Institutional, the Russell Sage Foundation, and Chiang Chingkuo Foundation for International Scholarly Exchange.
For More Information
email:mer@uwo.ca
Centre for Research on Migration and Ethnic Relations Winter Colloquium Series 2020