Homeownership and housing consumption demand of rural-urban migrants
Tingyi Yang
School of Economics and Management, Xi’an University of Technology
Wei Ma
International Business School, Shaanxi Normal University
DOI: https://doi.org/10.59429/bam.v7i1.9552
Keywords: Urban settlement; Rural-urban migrants; Homeownership; House purchase behavior
Abstract
In recent years, the migration of rural populations and agricultural laborers has emerged as a dominant trend in China’s population shifts, yet despite the extensive literature on residential challenges faced by ruralurban migrants, there remains a notable lack of focus on their housing demands. This study aims to broaden the theoretical perspective by incorporating intergenerational differences, resource endowments, social capital accumulation, and social rights to investigate the key factors influencing rural-urban migrants’ housing tenure attainment, home purchase intentions and financing need in the context of China’s urbanization. Notably, the findings reveal that the younger generation of rural-urban migrants prefer rental housing, while the accumulation of urban capital contributes to their housing payments and financing demands. Furthermore, agricultural land resources boost property income, lowering the cost of urban citizenship and intensifying rural-urban migrants’ home purchase intentions. Additionally, national social security coverage proves indispensable in facilitating rural-urban migrants’ urban settlement and accelerating their full integration.
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