Household savings and housing prices in China. World Econ. 38 (1), 172-192.Wan, Junmin. (2015) "Household Saving and Housing Prices in China." World Economy, 38, 172-92.Wan, Junmin. 2015. Household Savings and Housing Prices in China. The World Economy. Volume 38, Issue 1, pages ...
In response, households need to increase their savings rate to account for rising housing prices, often in undesirable locations (buying homes in areas that are less favorable or less convenient in terms of location), and then suffer from longer commuting times, less housing space, and worse ...
In line with the theory, credit cycles have coincided with housing price cycles in a number of countries (e.g. IMF, 2000, BIS, 2001, Goodhart and Hofmann, 2007). The linkages between housing prices and household borrowing are of importance for several reasons. Firstly, better forecasts for ...
Household Savings and Housing Prices in China 2015, World Economy View all citing articles on Scopus☆ An earlier version of this paper was presented at the International Conference on Real Estate and the Macroeconomy at the China Center for Economic Research (CCER), Professor Fumio Hayashi’s Gra...
Will High Urban Housing Prices Inhibit Labor Participation Therefore, there may be a close relationship between the decline of China's labor participation rate and the unilateral rise of housing prices.Therefore, based on the theoretical model of labor participation in decision-making, combined ... ...
prices and household income;thirdly,the problem of the weak stability of housing affordability is not common,which only exists in the cities with higher house prices;fourthly,besides income,hardware and software facilities in cities such as food consumption,health care,education,transport and ...
China mean that household savings rates are expected to soon begin to decline. australiachina.com.au 然而,中国人口结构的变化意味 着家庭储 蓄 率预 计 将 很快 出现下降。 australiachina.com.auThe growth was mainly recorded in savings and current accounts while time deposits fell in the low ...
Over the last 30 years, the compositions of household wealth in China are dominated by housing and fixed bank deposits. Meanwhile, the high homeownership rate, the high savings rate, and the increasingly concentrated wealth distribution have become salient features of the Chinese economy. There has...
Using a unique dataset that tracks sex offenders in Hillsborough County, Florida, the results indicate that after a sex offender moves into a neighborhood, nearby housing prices fall by 2.3% ($3500 on average). However, once a sex offender moves out of a neighborhood, housing prices appear ...
Currently, China’s aging population, high savings rate and high housing asset prices coexist, which has become a hot issue in academic research. First, considering the life-cycle hypothesis and overlapping generations model, asset prices are negatively correlated with the population dependency ratio ...