| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5047764 | China Economic Review | 2012 | 5 Pages |
Abstract
This short note defines a new measurement of housing affordability in terms of permanent income. Using this new measurement, we find that housing affordability in China is very strong relative to other developed economies, although the ratio of housing prices to current income in China is much higher than those of developed nations.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ling Shen,