Housing wealth and labor supply: Evidence from a regression discontinuity design

• 成果类型: Article
• 署名作者: Li, Han; Li, Jiangyi; Lu, Yi; Xie, Huihua
• 署名单位: Southwestern University of Finance & Economics - China; Sichuan University; Tsinghua University; The Chinese University of Hong Kong, Shenzhen
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2020.104139
• 发表日期: 2020
• 关键词: Housing wealth; labor supply; regression discontinuity design

摘要

This paper uses the discontinuity in house size generated by Chinese housing policies to identify the effect of housing wealth on labor supply. The analysis finds a substantial deterrent effect of housing wealth on labor supply. Much of the housing wealth effect comes from the labor participation decision, with the effect on employed workers being ambiguous. Females, young generation and households with high repayment capacity are more responsive to gains in housing wealth. (C) 2020 Elsevier B.V. All rights reserved.