Do high housing prices crowd out young professionals?—micro-evidence from China
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 t...
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| Format: | Article |
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Taylor and Francis Group
2022
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| _version_ | 1796984004574969856 |
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| author | Yemin, Ding Lee, Chin Mengqiu, Lu Peidong, Deng |
| author_facet | Yemin, Ding Lee, Chin Mengqiu, Lu Peidong, Deng |
| author_sort | Yemin, Ding |
| collection | UPM |
| description | 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 U-shaped 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. |
| first_indexed | 2024-03-06T11:14:25Z |
| format | Article |
| id | upm.eprints-101004 |
| institution | Universiti Putra Malaysia |
| last_indexed | 2024-03-06T11:14:25Z |
| publishDate | 2022 |
| publisher | Taylor and Francis Group |
| record_format | dspace |
| spelling | upm.eprints-1010042023-07-12T06:15:21Z http://psasir.upm.edu.my/id/eprint/101004/ Do high housing prices crowd out young professionals?—micro-evidence from China Yemin, Ding Lee, Chin Mengqiu, Lu Peidong, Deng 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 U-shaped 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. Taylor and Francis Group 2022-11-14 Article PeerReviewed Yemin, Ding and Lee, Chin and Mengqiu, Lu and Peidong, Deng (2022) Do high housing prices crowd out young professionals?—micro-evidence from China. Taylor and Francis, 36 (2). pp. 1-19. ISSN 1331-677X; ESSN: 1848-9664 https://www.tandfonline.com/doi/full/10.1080/1331677X.2022.2142832#:~:text=High%20housing%20prices%20can%20crowd,(Li%20et%20al.%2C%202022 10.1080/1331677X.2022.2142832 |
| spellingShingle | Yemin, Ding Lee, Chin Mengqiu, Lu Peidong, Deng Do high housing prices crowd out young professionals?—micro-evidence from China |
| title | Do high housing prices crowd out young professionals?—micro-evidence from China |
| title_full | Do high housing prices crowd out young professionals?—micro-evidence from China |
| title_fullStr | Do high housing prices crowd out young professionals?—micro-evidence from China |
| title_full_unstemmed | Do high housing prices crowd out young professionals?—micro-evidence from China |
| title_short | Do high housing prices crowd out young professionals?—micro-evidence from China |
| title_sort | do high housing prices crowd out young professionals micro evidence from china |
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