The receding housing ladder: house price inflation, parental support, and the intergenerational distribution of housing wealth in China

China has experienced very rapid house price inflation in recent years – by some 10% per annum relative to consumer inflation. Existing house-owners have benefited from capital gain and been able climb the housing ladder. Young household heads wanting own a facing rising prices their incomes found it increasingly difficult get onto However, difficulty is eased strength of family support developing market for loans. The Household Income Project (CHIP) surveys 2002 2013 are analysed test hypothesis that age distributions ownership wealth moved against young. Probits, tobits, difference-in-difference analyses measure these effects. There indeed evidence indicating receding ladder, waiting longer positively associated with