Welfare and Health
Homeownership is widely recognized to be associated with a set of social consequences at the micro-level, of which a potential domain is its impact on health. Based on the fundamental cause theory, homeownership represents a typical socioeconomic resource that fundamentally affects health, since homeowners are more likely than renters to enjoy better physical dwelling conditions, greater wealth accumulation, and higher stratum identification, making homeownership to be the so-called “healthiest” tenure type. An abundant literature have attempted to explore the pathways through which homeownership predicts good health, the mechanisms they proposed to underlie the health benefit of homeownership include perceived control, residential stability, social identity, and financial interest. However, there is still a doubt whether the health benefit of homeownership is equally distributed across different groups. Although China has almost the highest homeownership rate, little is known about how homeownership affect health in China. In this paper, we will fill some of this gap by deploying a rich set of controls and the PSM method using data from the latest wave of China Family Panel Studies (CFPS). On the basis of a population regression as the benchmark, we will specially investigate whether the ownership types (ownership with mortgage vs. ownership without mortgage; ownership from commercial housing market vs. ownership from privatized public housing) result in heterogeneous health consequences of homeownership. The findings are expected to inform the implementation of “Health in All Policies” in the housing sector and help policymakers leverage the health benefit of homeownership to renters and disadvantaged homeowners.