Housing Boom and Household Migration Decision: New Evidence from China

Lina Meng (), Xiao Xiao () and Yinggang Zhou ()
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Lina Meng: Xiamen University
Xiao Xiao: Xiamen University
Yinggang Zhou: Xiamen University

The Journal of Real Estate Finance and Economics, 2023, vol. 67, issue 3, No 5, 453-479

Abstract: Abstract With novel microdata from a household survey of China, we find that migrants decide to move out of destination cities experiencing housing booms, even after controlling for various factors and address potential endogeneity issues that may affect households’ migration decisions. Moreover, we present new evidence that housing booms have no effect on the decisions of homeowners but affect renters through a negative income effect. Next, we use big data on population flows from Tencent to confirm the effects of housing booms on households’ actual out-migration. The results suggest that an affordable home is a primary factor in attracting migrant households and maintaining a healthy economy.

Keywords: Housing booms; household’s migration decision; homeowners; renters (search for similar items in EconPapers)
JEL-codes: D10 D91 J6 R23 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s11146-021-09856-y

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