Inside job: Evidence from the Chinese housing market

Yongqiang Chu, Weida Kuang, Daxuan Zhao and Xiaoxia Zhou

Journal of Policy Analysis and Management, 2024, vol. 43, issue 1, 214-233

Abstract: Using a comprehensive data set of housing transactions in Beijing, China, we find that government officials are more likely than non‐officials to buy housing units before the government‐imposed housing purchase restriction policy. We also find that officials use their power to speed up the loan application process and pay higher prices to complete the transactions before the policy. Overall, the results suggest that officials trade on private information gained during the policymaking process.

Date: 2024
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https://doi.org/10.1002/pam.22525

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Persistent link: https://EconPapers.repec.org/RePEc:wly:jpamgt:v:43:y:2024:i:1:p:214-233

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