The effect of housing wealth on labor force participation: Evidence from China

Shihe Fu (), Yu Liao and Junfu Zhang

Journal of Housing Economics, 2016, vol. 33, issue C, 59-69

Abstract: This paper uses the 2011 China Household Finance Survey data to estimate the effect of changes in housing value on homeowners’ labor force participation. Using the average housing capital gains of other homes in the same community as an instrument for the housing capital gains of a given household, we find that a 100,000 yuan increase in housing value leads to a 1.37 percentage point decrease in female homeowners’ probability of participating in the labor force and a 1.49 percentage point increase in their probability of becoming housewives. We find little effect on men's labor force participation.

Keywords: Housing wealth effect; Housing price; Labor supply; Labor force participation (search for similar items in EconPapers)
JEL-codes: J21 J22 R20 R30 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (33)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1051137716300687
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The Effect of Housing Wealth on Labor Force Participation: Evidence from China (2016)
Working Paper: The effect of housing wealth on labor force participation: evidence from China (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jhouse:v:33:y:2016:i:c:p:59-69

DOI: 10.1016/j.jhe.2016.04.003

Access Statistics for this article

Journal of Housing Economics is currently edited by H. O. Pollakowski

More articles in Journal of Housing Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().