【Brownbag】How Does Land Use Policy Affect Local Labor Market and Housing Market?
研討會日期 : 2023-05-26
時間 : 12:10
主講人 : Professor Meng-Ting Chen (陳孟霆)
地點 : Conference Room B110
演講者簡介 : Professor Meng-Ting Chen received his PhD in Economics from The Graduate Center, City University of New York in 2022. He is currently an Assistant Professor at Soochow University. Her resesarch fields are Macroeconomics, International Economics, and Applied Econometrics.
演講摘要 : This paper examines the impact of land use policy on the local labor market and housing market in China. There are two primary land use purposes: residential land and commercial land. We found that the more commercial land that the Chinese local government grants, the lower the regional unemployment rates, the higher the regional wages, and the higher the housing prices. We then built a model to investigate the mechanism behind the aforementioned empirical facts. Higher commercial land use attracts more firms and creates more jobs but reduces the land available for building houses. The combination of rising housing demand and reducing housing supply brings up the housing prices in high commercial land use areas.