Zhang, C., G. An, X. Yu——China & World Economy: What Drives China's House Prices: Marriage or Money?
时间:2012-07-22
The high and rising house prices in China are not adequately accounted for the traditional explanations emphasizing demand-driven or cost-push factors.Recent published studies claim that gender imbalance increases competition among men in the marriage market,which has pushed Chinese,especially parents with a son,to buy houses as a signal of relative status in the marriage market,this marriage competition then causes high demand for houses and eventually leads to rising house prices in China.Empi