The effect of housing wealth on labor force participation : evidence from China

Shihe Fu (Southwestern University of Finance and Economics), Yu Liao (Clark University), Junfu Zhang (Clark University and IZA)

This paper uses the 2011 China Household Finance Survey data to estimate the effect of change in housing value on homeowners' labor force participation. Using the average housing capital gains of other homes in the same community as an instrument for the housing capital gains of a given household, we find that a 100 thousand yuan increase in housing value leads to a 1.37 percentage point decrease in female homeowners' probability of participating in the labor force and a 1.49 percentage point increase in their probability of becoming housewives. We find little effect on men's labor force participation

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Year of publication:	February 2016
Authors:	Fu, Shihe ; Liao, Yu ; Zhang, Junfu
Publisher:	Bonn, Germany : IZA
Subject:	housing wealth effect \| housing price \| labor supply \| labor force participation \| Immobilienpreis \| Real estate price \| China \| Arbeitsangebot \| Labour supply \| Erwerbstätigkeit \| Employment \| Vermögenseffekt \| Wealth effect \| Wohneigentum \| Homeownership

Extent:	1 Online-Ressource (circa 28 Seiten) Illustrationen
Series:	Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. no. 9745
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/141504 [Handle]
Classification:	J21 - Labor Force and Employment, Size, and Structure ; J22 - Time Allocation and Labor Supply ; R20 - Household Analysis. General ; R30 - Real Estate Markets, Spatial Production Analysis, and Firm Location. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011452653