Abstract:

The housing security system provides housing benefits to low-income families through redistribution mechanism, which is the basic security system for China to efficiently realize people’s livelihood, development, stability, coordination and mutual promotion. Does the housing security system, as a welfare expenditure that plays the role of social redistribution, promote the common prosperity of households? Based on the data of China Household Finance Survey (CHFS), this paper makes an empirical study and finds that China’s housing security system has narrowed the asset gap among households of all social strata due to its redistribution function, and has promoted households to achieve common prosperity, but this impact has been weakened in large families with large population size and families with high living costs in areas with high prices and housing prices. Furthermore, from the perspective of structural characteristics, the housing security system has a positive effect on material wealth and spiritual wealth, but has no significant impact on social sharing, which is due to the differences in the financial expenditure level of local governments on housing security. These conclusions have a strong policy significance for how to adjust China’s housing security system in the future in order to further play its positive role in common prosperity.

Key words: housing security system, redistribution mechanism, resident family, common prosperity