Study On Regional Differences And Influencing Factors Of Urban Residents’ Property Income In China

With the rapid development of China’s economy and several reforms of the income distribution system,residents’income level has been improved,as well as their property income.As kinds of factor market are active and wage income grows slowly,property income has gradually become an important source and a new growth point of residents’total income.However,the property income gap among different regions is getting larger,which will further widen the total income gap,and do harm to regional coordinated development and social harmony.Therefore studying on this problem has important theoretical and practical significance.This paper took the property income of urban residents as the research object.Firstly,a theoretical analysis framework of influencing factors of property income was constructed,to discuss the specific effects and effect mechanism of property foundation,market foundation,system foundation,individual factors made on property income.Then the contrast from quantity,growth,source structure three angles was made to analyze the difference characteristics of urban residents’ property income among the East,the Mid,the West three regions.And both the internal property income difference of three regions and property income difference among three regions were measured by using Theil index decomposition method.Based on the analysis of regional property income difference and the theoretical analysis of influencing factors,relevant explanatory variables were selected,and a regression model using the panel data of 1998-2014 in 30 provinces was established,to empirically study the various effects in each region of urban residents’ property income influencing factors.The result showed that:the property income gap among regions is getting larger,and the property income of urban residents in the eastern region has more advantages in quantity and growth.The housing rental income,dividend and dividend income are the main sources of property income in each region,and the sum of the two proportions in the east is the highest.The result of the model showed that:the index of property foundation has a significant positive impact on the three regions.The household savings rate has a significant positive impact on the western region,and the proportion of securities trading has a significant positive impact on the Eastern and central regions,and the proportion of real estate transactions is positively correlated with the eastern and western regions,and negatively related to the central region.The tax system has a significant negative impact on the three regions,and the social security has a significant positive impact on the eastern and central regions.The education level has a significant positive effect on the eastern region,the risk aversion is negatively related with the eastern and western regions.Finally,according to the results,the paper put forward two suggestions,one is to promote the steady growth of property income in each region,and the other one is to narrow the gap between regions.