Macroprudential policy and household wealth inequality: Evidence from China

被引：1
|
作者：
Zhai, Kun [1 ]
Zhao, Guoqing [2 ,4 ]
Li, Ding [3 ]
机构：
[1] Univ Jinan, Inst Finance Studies, Sch Business, Jinan, Peoples R China
[2] Shandong Univ Finance & Econ, Sch Finance, Shandong Key Lab Blockchain Finance, Jinan, Peoples R China
[3] Southwestern Univ Finance & Econ, Sch Publ Adm, Chengdu, Peoples R China
[4] 40 Shungeng Rd, Jinan 250014, Shandong, Peoples R China
来源：
JOURNAL OF ASIAN ECONOMICS | 2023年 / 86卷
基金：
中国国家自然科学基金;
关键词：
LTV ceiling; ceiling Household wealth inequality; OLG; Gini-RIF regression;
D O I：
10.1016/j.asieco.2023.101608
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The influence of LTV ceiling on household wealth inequality is not constant. This paper finds that when the return on housing investment is higher than the return on liquid assets, the LTV ceiling generally has a negative impact on household wealth inequality; otherwise, it is more likely to be positive. Increasing the LTV ceiling can significantly alleviate household wealth inequality in China. Housing price and the number of houses purchased are important channels, and the house purchase preference (savings rate and house purchase intention) plays a key role in regulating wealth distribution through the LTV ceiling.
引用
收藏
页数：23
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