Do high housing prices crowd out young professionals?—Micro-evidence from China

Ding, Yemin; Lee, Chin; Lu, Mingyue; Deng, Peidong

doi:10.1080/1331677x.2022.2142832

Cited by 4 publications

(8 citation statements)

References 53 publications

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“…As such, the presence of these factors may obscure or interact with the gains to health. Similarly, variations across cultures and countries may change how individuals internalize the rising housing prices [ 50 ], causing them to experience greater or lesser distress in reaction to rising prices.…”

Section: Discussionmentioning

confidence: 99%

“…Second, a broader range of effect moderators should be explored. For example, few studies specifically examined the health effects of rising home prices on vulnerable populations, including young adults and first time home buyers who may be especially disadvantaged by rapidly growing housing prices [ 50 ]. Similarly, isolating effects as arising from economic, legal, environmental, and social pathways can help identify strategies for mitigating health harms.…”

Section: Discussionmentioning

confidence: 99%

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The impact of housing prices on residents’ health: a systematic review

Grewal,

Hepburn,

Lear

et al. 2024

BMC Public Health

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Background Rising housing prices are becoming a top public health priority and are an emerging concern for policy makers and community leaders. This report reviews and synthesizes evidence examining the association between changes in housing price and health outcomes. Methods We conducted a systematic literature review by searching the SCOPUS and PubMed databases for keywords related to housing price and health. Articles were screened by two reviewers for eligibility, which restricted inclusion to original research articles measuring changes in housing prices and health outcomes, published prior to June 31st, 2022. Results Among 23 eligible studies, we found that changes in housing prices were heterogeneously associated with physical and mental health outcomes, with multiple mechanisms contributing to both positive and negative health outcomes. Income-level and home-ownership status were identified as key moderators, with lower-income individuals and renters experience negative health consequences from rising housing prices. This may have resulted from increased stress and financial strain among these groups. Meanwhile, the economic benefits of rising housing prices were seen to support health for higher-income individuals and homeowners – potentially due to increased wealth or perception of wealth. Conclusions Based on the associations identified in this review, it appears that potential gains to health associated with rising housing prices are inequitably distributed. Housing policies should consider the health inequities born by renters and low-income individuals. Further research should explore mechanisms and interventions to reduce uneven economic impacts on health.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

The impact of housing prices on residents’ health: a systematic review

Grewal,

Hepburn,

Lear

et al. 2024

BMC Public Health

View full text Add to dashboard Cite

show abstract

“…Additionally, Ding et al (2022) identified a critical limitation of the general panel fixed effects model, in that it assumes a normal distribution among variables. To examine whether the impact of digital economy growth on urban housing prices remains significant under a different distribution assumption, robustness testing was conducted using a Poisson model, represented by Equation (4).…”

Section: Empirical Methodologymentioning

confidence: 99%

“…Increased investment in commercial fixed assets expands employment opportunities, attracting more citizens into the city and increasing the demand for housing. With the increase in job opportunities and the population, the demand side of the real estate market is boosted, driving up house prices (Ding et al, 2022). Increased investment in commercial fixed assets also means increased demand for commercial land, hiking prices in the commercial real estate market, which in turn affects the overall real estate market.…”

Section: Mechanism Analysismentioning

confidence: 99%

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The Impact of the Digital Economy on Urban House Prices: Comprehensive Explorations

Cong,

Chin,

Muhamad Senan

et al. 2024

International Journal of Strategic Property Management

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Internet technology and data-driven innovations are changing the way people live and work, which could have an impact on real estate supply and demand. Therefore, this study focuses on the relationship between urban digital economy growth and urban house prices. First, the empirical model shows that the digital economy has an inverted U-shaped impact on urban housing prices. The mechanisms underlying this relationship were then examined. The results indicated that fixed asset investment, government expenditure, and the urban environment influence the relationship between digital economy growth and urban house prices. Finally, a heterogeneity analysis revealed that the digital economy does not affect house prices in Tier 1, New Tier 1, and Tier 2 Chinese cities, but increases house prices in Tier 3 cities. In Tier 4 and Tier 5 cities, this relationship was found to be inverted U-shaped. These findings offer valuable insights to policymakers in China in balancing the growth of the digital economy and the stability of house prices.

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Tolerance for Housing Unaffordability among Highly Skilled Young Migrants: Evidence from the Zhejiang Province of China

Jin

et al. 2022

IJERPH

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Many studies have concluded that, since housing pressure affects the mobility of highly skilled young migrants (HSYMs) in Chinese cities and regions, it is necessary to apply corresponding housing policies to adjust housing unaffordability for HYSM. This study uses data from a survey conducted in China’s Zhejiang Province, where specific policies have been implemented to attract talent. We found that housing crowds out HSYM from a city, but that the HSYM who have a master’s degree or above, or who work in government organizations or state-owned enterprises, are more tolerant of housing unaffordability. Those who are unmarried or those staying in the city for a long period are less tolerant of housing unaffordability. Meanwhile, different factors have heterogeneous impacts on the HSYMs’ tolerance for housing unaffordability across cities of different levels. Therefore, housing policies should highlight urban differences and intra-group differences, and more housing land should be provided to attract talent.

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Do high housing prices crowd out young professionals?—Micro-evidence from China

Cited by 4 publications

References 53 publications

The impact of housing prices on residents’ health: a systematic review

The impact of housing prices on residents’ health: a systematic review

The Impact of the Digital Economy on Urban House Prices: Comprehensive Explorations

Tolerance for Housing Unaffordability among Highly Skilled Young Migrants: Evidence from the Zhejiang Province of China

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