Wages, house prices and industry composition: an empirical analysis of cities in China

被引：1

作者：

Wang, Jing ^{[1
]}

Zhu, Lifen ^{[2
]}

Li, Jing ^{[1
]}

机构：

[1] Chongqing Technol & Business Univ, Sch Econ, Chongqing, Peoples R China

[2] Chongqing Technol & Business Univ, Res Ctr Econ Upper Reaches Yangtze River, Chongqing, Peoples R China

来源：

JOURNAL OF THE ASIA PACIFIC ECONOMY | 2019年 / 24卷 / 04期

关键词：

Industry composition; wage; house price; hedonic price analysis; China; QUALITY-OF-LIFE; INCOME INEQUALITY; ECONOMIC-GROWTH; LABOR-MARKETS; PRODUCTIVITY; EVOLUTION; MIGRATION; IMPACT; CONVERGENCE; EQUILIBRIUM;

D O I：

10.1080/13547860.2019.1664534

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Wages and house prices are two of the hottest public issues in China today. Whether and how the change in industry composition affects them? These issues have received widespread public attention. This study is dedicated to analysing the effects of industrial composition, which is measured by an index calculated using 19 2-digit industries, on wages and house prices using a modified hedonic price model and prefecture-level city data from China between 2005 and 2013. The main findings indicate that (1) an increase in industry composition index will drive up wages and house prices. The increment of wages surpasses that of house prices, showing that the house-purchasing burden decreases as the index increases; and (2) the effects of industry composition on wages and house prices differ between high-, middle- and low-income cities. The change in industry composition may increase the wage and house price gaps between cities of different income levels.

引用

页码：618 / 644

页数：27

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