Housing Boom and Household Migration Decision: New Evidence from China

被引：13
|
作者：
Meng, Lina [1 ,2 ]
Xiao, Xiao [2 ]
Zhou, Yinggang [2 ,3 ,4 ]
机构：
[1] Xiamen Univ, Sch Econ, Xiamen 361005, Peoples R China
[2] Xiamen Univ, Wang Yanan Inst Studies Econ, Xiamen 361005, Peoples R China
[3] Xiamen Univ, Sch Econ, Ctr Macroecon Res, Xiamen 361005, Peoples R China
[4] Xiamen Univ, Sch Econ, Dept Finance, Xiamen 361005, Peoples R China
来源：
JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 2023年 / 67卷 / 03期
基金：
中国国家自然科学基金;
关键词：
Housing booms; household's migration decision; homeowners; renters; LOCATION CHOICES; PRICES; WEALTH; OPPORTUNITIES; DETERMINANTS; INVESTMENT; EMPLOYMENT; MARKET;
D O I：
10.1007/s11146-021-09856-y
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
With novel microdata from a household survey of China, we find that migrants decide to move out of destination cities experiencing housing booms, even after controlling for various factors and address potential endogeneity issues that may affect households' migration decisions. Moreover, we present new evidence that housing booms have no effect on the decisions of homeowners but affect renters through a negative income effect. Next, we use big data on population flows from Tencent to confirm the effects of housing booms on households' actual out-migration. The results suggest that an affordable home is a primary factor in attracting migrant households and maintaining a healthy economy.
引用
收藏
页码：453 / 479
页数：27
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