主  題: Relative Housing Wealth and Labor Market Behavior (相對住房財(cái)富與勞動(dòng)市場行為)
內(nèi)容簡介: his paper analyzes the effect of relative housing wealth on labor supply. Using China's housing boom as a natural experiment, we examine this question empirically and find that an appreciation of relative housing wealth significantly reduces average working hours. We also find that this reduction is mainly driven by female homeowners. Our results indicate that the effects of relative housing wealth vary across education backgrounds, marital status, and employment sectors; we ultimately find the effect to be more pronounced among female homeowners who are less-educated, married, and self-employed. A set of robustness checks corroborate the validity of our identification strategies and test the sensitivity of the results. In addition to explaining the empirical link between relative housing wealth and labor supply, this study improves our understanding of the effect of wealth fluctuations on economic behavior.
    相對住房財(cái)富與勞動(dòng)行為本文探討了“相對住房財(cái)富”對家庭勞動(dòng)供給的影響。利用近年來中國房價(jià)快速增長的自然實(shí)驗(yàn)，本文實(shí)證檢驗(yàn)了這一問題。研究結(jié)果表明：首先，相對住房財(cái)富的膨脹將顯著降低住房所有者的工作時(shí)間，即中國顯著存在負(fù)向住房“相對財(cái)富效應(yīng)”，且該負(fù)向效應(yīng)主要是女性家庭成員的工作時(shí)間減少所產(chǎn)生的；其次，相對住房財(cái)富對勞動(dòng)時(shí)間供給的負(fù)向效應(yīng)會(huì)由教育背景、婚姻狀況、雇傭關(guān)系等因素不同而改變，相對而言，該效應(yīng)在低教育人群、已婚人群和自我雇傭人群中更為顯著；最后，基于不同測度和樣本的檢驗(yàn)表明上述結(jié)果是穩(wěn)健的。本文的發(fā)現(xiàn)不僅揭示了“相對住房財(cái)富”對家庭勞動(dòng)供給之間的現(xiàn)實(shí)影響，還有助于加深對財(cái)富波動(dòng)如何影響經(jīng)濟(jì)行為的理解。
報(bào)告人: 姜先登    副教授

時(shí)  間: 2019-04-17    15:00
地  點(diǎn): 位育樓 117 
舉辦單位: 城市發(fā)展研究院  科研部