A Comparative Study Of The Property Income Disparity Between Urban And Rural Residents

Since China’s National People’s Congress in 2007,"property income" has entered the public eye.Since then,the government has issued favorable policies on increasing residents’ property income.These new measures on income distribution have important theoretical and practical implications,which have aroused widespread concern.In recent years,Yuhang District of Hangzhou has actively created a favorable external environment and guided residents to make rational investments so that more residents will increase their property income.The contribution rate of property income to income growth is increasing year by year.Property income is becoming an important source of income for urban and rural residents and has great potential.However,on the other hand,the ratio of the property income of urban residents and rural residents in Yuhang District has risen from about 2 times year onyear since 2013,and the absolute amount of property income has a big gap.In response to this situation,this article conducted the following three aspects of comparative research.First of all,this paper analyzes the current status of property income of urban and rural residents in Yuhang District from 1992 to 2017 from the following three stages:the growth trend and proportion of property income,the source structure and the urban-rural gap.The analysis shows that:(1)The absolute amount of property income of urban and rural residents in Yuhang District increased rapidly,and its proportion in total income increased year by year.(2)The main sources of property income come from the income from rental housing.Rural residents prefer urban residents to bank deposits.The income from dividends,compensation for land acquisition are not stable,and the insurance revenue increases year by year.(3)The property income gap between urban and rural residents has been gradually expanding in recent years.Subsequently,six factors affecting the property income gap between urban and rural residents were tested by Eviews software.The empirical analysis shows that:(1)The level of financial development and nominal interest rate have a significant impact on the income gap between urban and rural residents in Yuhang District.(2)The level of economic development,educational development and real estate development have no significant difference between urban and rural residents in Yuhang District influences.(3)The dual structure of urban and rural areas is not the Granger reason for the property income gap between urban and rural residents.Based on the above conclusions,it is proposed to standardize the capital market,innovate the financial model,improve the financial management level,establish the investment concept,promote the process of urbanization,maintain the healthy and stable development of the real estate market,implement the more active fiscal policy and adjust the income tax system so as to narrow the urban and rural residents Countermeasure of Property Income Gap.