Using the 2009 data of the China Health and Nutrition Survey from Guizhou province, this paper analyzes whether an official ethnic label can be linked to a lower probability of non-agricultural employment. Results suggest that the Buyi and the Miao are less likely to work in non-agricultural...

[Introduction ...] The objective of the first subchapter is to introduce the differences in labor market outcomes among ethnic groups in China and to acquaint the reader with some of the major determinants of these differences, notably ethnic status, human capital factors and geographic...

Although many studies have found that unemployment has a negative effect on housing prices, the explanation put forward for this effect, that is, uncertainty over the ability to repay long term mortgage loans, has not been empirically tested. This paper attempts to empirically test this...

The moral hazard problem in the forward sale of housing has been shown to be excessively serious that it should not be preferable. However, unlike other heterogeneous commodities, forward sale is very commonly adopted in housing markets, especially in China and Hong Kong. This paper therefore...

Noise trading has been intensively studied in finance, but rarely in real estate. Theories of price dispersion have also been well established in retailing research, but rarely in real estate. This paper is probably the first attempt to study the effect of noise trading on the price dispersions...

The positive volume-price (return) relationship has been intensively studied and confirmed in both financial and real estate markets, yet Stein's (1995) downpayment model and Berkovec and Goodman's (1996) search theoretic model offered no direct empirical support. This paper puts forward a...

Many financial studies have produced evidence of the disposition effect - investors tend to sell assets with nominal gains and keep those with nominal losses. This effect is predominantly explained by the prospect theory, which postulates asymmetric preferences towards gains against losses. This...

This paper applies a two-workplace residential location choice model to study the housing price gradient changes between Macau and Hong Kong. The classical land market model assumes a one-workplace scenario. However, with the globalization trend, travel between two workplaces is becoming more...

Improvements in transport were commonly found to have a positive effect on the price of housing. As the construction of infrastructure often lasts for years, it is plausible to assume that investors will take expected improvements into consideration when pricing and trading neighbourhood...

The classical land market model assumes a one-workplace scenario. However, with the globalization trend, travel between two workplaces is becoming more and more common. This paper develops a residential location choice model based on the classical land market model, but relaxes the assumption of...