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The Redistributive Effect of Public Housing in Hong Kong
Vol. 44, No. 10 (September 2007), pp. 1937-1952
Published by: Sage Publications, Ltd.
Stable URL: http://www.jstor.org/stable/43197545
Page Count: 16
You can always find the topics here!Topics: Housing, Public housing, Housing subsidies, Rental housing, Tenants, Income inequality, Urban studies, Income distribution, Rental property, Household income
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Public housing programmes in Hong Kong affect half of the population directly and the other half indirectly. This paper assesses the redistributive effect of public rental housing on income distribution. It uses a subsidised-to-market rent ratio method and an imputed rent method to convert transfer-in-kind of public rental housing into equivalent monetary value. Empirical results show that the provision of public housing alleviates the income inequality problem. However, the amount of public expenditure required achieving the same improvements in Gini coefficient and other inequality measures is small relative to the actual public expenditure on housing. Policy-makers should thoroughly review the existing public housing programmes.
Urban Studies © 2007 Sage Publications, Ltd.