House prices and marriage entry in China
Douglas H. Wrenn,
Junjian Yi () and
Regional Science and Urban Economics, 2019, vol. 74, issue C, 118-130
Rates of initial marriage have fallen in China since the late 1980s. This study ascribes part of this decline to a rise in house prices over the same period. Chinese social norms mandate the purchase of a home prior to marriage. We hypothesize that this custom, combined with rising house prices, has discouraged young adults from entering marriage for the first time. We test this hypothesis with an instrumental variable duration model using micro data on marriage entry and city-level data on house prices from 2000 through 2005 in urban China. Our results demonstrate that initial marriage rates declined by 0.31% for a 1% increase in house prices. This result is robust across a number of different model specifications.
Keywords: House prices; Marriage; China; Duration models (search for similar items in EconPapers)
JEL-codes: J12 R21 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:74:y:2019:i:c:p:118-130
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