Guanghuacun Street 55
China Household Finance Survey
Southwestern University of Finance and Economics
Institutional Affiliation: Southwestern University of Finance and Economics
NBER Working Papers and Publications
|December 2019||Relocating or Redefined: A New Perspective on Urbanization in China|
with , , : w26585
China's fast economic growth over the past 40 years has been accompanied by an increasingly rapid rate of urbanization, from about 20% in the early 1980s to 60% in 2018. In addition to natural population growth, rural-urban migration is generally believed to be a dominant driving force. Motivated by a recent finding of a high housing vacancy rate in urban China, however, we find that a large share of urban population growth comes from community reclassification. These redefined migrants (from communities which were reclassified from rural to urban) accounted for 33.4% of total urban population growth from 2010 to 2015. Households in reclassified communities share similar characteristics with those from rural villages, particularly in their ownership of housing. Furthermore, we provide evid...