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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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Main Authors: Yemin, Ding, Lee, Chin, Mengqiu, Lu, Peidong, Deng
Format: Article
Published: Taylor and Francis Group 2022
Online Access:http://psasir.upm.edu.my/id/eprint/101004/
https://www.tandfonline.com/doi/full/10.1080/1331677X.2022.2142832#:~:text=High%20housing%20prices%20can%20crowd,(Li%20et%20al.%2C%202022
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id my.upm.eprints.101004
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spelling my.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
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
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.
format Article
author Yemin, Ding
Lee, Chin
Mengqiu, Lu
Peidong, Deng
spellingShingle Yemin, Ding
Lee, Chin
Mengqiu, Lu
Peidong, Deng
Do high housing prices crowd out young professionals?—micro-evidence from China
author_facet Yemin, Ding
Lee, Chin
Mengqiu, Lu
Peidong, Deng
author_sort Yemin, Ding
title 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_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_sort do high housing prices crowd out young professionals?—micro-evidence from china
publisher Taylor and Francis Group
publishDate 2022
url http://psasir.upm.edu.my/id/eprint/101004/
https://www.tandfonline.com/doi/full/10.1080/1331677X.2022.2142832#:~:text=High%20housing%20prices%20can%20crowd,(Li%20et%20al.%2C%202022
_version_ 1772813420910870528
score 13.211869

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