It is widely recognized that location is the primary determining factor of housing price. But to what extent the variation of housing price in Shanghai can be explained by the locational factor has not been empirically examined. In this paper, we examine the power of applying the hedonic method...

The ‘sandwich class’ is an East Asian term referring to the lower middle class. Using a large and unique micro dataset collected in Guangzhou, this paper examines empirically the potential determinants of housing affordability of the ‘sandwich class’. It is found that...

Housing Provident Fund (HPF), a compulsory saving scheme providing self-funded housing credit, is a significant provider of housing finance in several emerging economies. The Chinese HPF program constitutes the largest social housing finance program in the world. Yet, very few studies have...

Whether and how housing benefits affect recipientís self-sufficiency is a much-debated housing policy issue. This paper examines the employment effects of housing allowance at the time of removal. To be specific, it compares the before-and-after labor market performances between the population...

We argue that financial frictions and financial shocks can be an important factor behind the slow recoveries from the three most recent recessions. To illustrate this point, we augment a simple RBC model with a collateral constraint whose tightness is randomly disturbed by a shock that...

The development of the housing market in the People's Republic of China is not only a major component of Chinese economic growth but also has wide-ranging influential impacts on Chinese society. A burgeoning number of papers have examined the housing market in the postreform People's Republic of...

When consumers consider their feelings about a future purchase, these feelings can influence their preferences for the product under consideration and alter their final purchase decision. This research identifies the effect of anticipating regret on consumer preferences for a product that is a...

This paper analyzes patterns of industrial structure and party competition in the 2012 presidential election. The analysis rests on a new and more comprehensive database that catches more of the myriad ways in which businesses and major investors make political contributions than previous...

Due to the critical significance of housing wealth for both the households and aggregate economy, the impact of changes in housing wealth on consumption has received considerable attentions in the literature. A number of prior studies have suggested that variations in housing wealth have...

How the duration of housing allowance spells varies with the generosity of the housing allowance system carries important policy implications. In 1997, the Swedish housing allowance system implemented a drastic reform which substantially affected claimants who were couples with children in terms...