Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2142832
Do high housing prices crowd out young professionals?—Micro-evidence from China
Yemin Ding
Lee Chin
Mengqiu Lu
Peidong Deng
Sažetak
Motivated by the growing trend of young professionals flowing
out of high-profile cities in China, this study examines whether
high housing prices have a crowding-out effect on young professionals
across 235 Chinese cities. Using a conditional logit model
with multiple control variables related to the economy, the social
environment, and city location, the results showed an inverted Ushaped
relationship between a city’s house prices and young professionals’
potential migration into the city. We also performed a
series of robustness checks and categorised the sample by gender,
academic qualification, and marital status. The results indicated
the same inverted U-shaped relationship, but with different
extreme points for house prices across the sub-samples. The findings
offer suggestions for Chinese local governments to attract
young professionals by regulating housing prices in cities where
prices surpass the extreme point.
Ključne riječi
Young professionals; conditional logit model; house price; migration; inverted U-shaped; China
Hrčak ID:
306805
URI
Datum izdavanja:
30.4.2023.
Posjeta: 168 *