We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Are Rising College Premiums Capitalized into House Prices? Evidence from China.
- Authors
Shen, Leilei; Turner, Tracy M.
- Abstract
Many areas in China experienced steeply rising house prices beginning in 2003. We test whether a change in local residency requirements may have played a role in driving up house prices in some places by tying access to Chinese universities to local homeownership status in the presence of a rising college premium. We generate a novel dataset that combines China housing market and neighborhood data with household and university admission data. We find evidence of capitalization effects and a sizable increase in the likelihood of homeownership postpolicy change in places with the greatest preferential access to China's elite universities.
- Subjects
HOUSING market; ECONOMIC impact; LABOR market; ECONOMIC development; REAL property
- Publication
Real Estate Economics, 2018, Vol 46, Issue 2, p449
- ISSN
1080-8620
- Publication type
Article
- DOI
10.1111/1540-6229.12172