Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2106284
The impact of urban housing prices on labour mobility: evidence from cities in China
Guang Liu
Yunying Huang
Khaldoon Albitar
Sažetak
Urban development relies heavily on labour, while the change in
urban housing prices, in turn, has a crucial impact on labour.
Therefore, the regulatory policies of housing prices have become a
critical content of urban management worldwide for a long time.
Based on the theoretical analysis of urban housing prices and
labour mobility, we use fixed-effect panel model with the panel
data of 281 cities in China from 2002 to 2018. We study the
impact of rising urban housing prices on labour and identify the
housing price jump as an instrumental variable in solving the
endogenous problem. The results are as follows. First, the increase
in urban housing prices has a crowding-out effect on labour
mobility. Second, there is a moderating effect on different levels
of education, urban construction, and income under the impact of
urban housing prices on labour mobility. Third, the heterogeneity
of the impact is reflected in the housing price-to-income ratios
and industrial structures. These conclusions are supposed to have
significant enlightenment for controlling the urban housing prices
during high-quality economic growth and guiding labour flow
more rationally.
Ključne riječi
urban housing prices; labour mobility; crowdingout effect; housing price jump
Hrčak ID:
306632
URI
Datum izdavanja:
30.4.2023.
Posjeta: 161 *