Abstract
ABSTRACT This article investigates the impact of homeownership on life satisfaction for urban migrants in China. By utilizing three waves of the China Labor-Force Dynamics Survey data from 2012 to 2016, we find that homeownership has a positive and significant effect on life satisfaction of urban migrants. This effect remains robust with different model specifications. In addition, this effect is mainly concentrated in those aged above 38, or at the top quartile of income distribution among migrants, or residing in the east coastal region. We also show that the positive effect of homeownership remains when the possibility of its endogeneity is tackled by instrumental variable estimation.
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