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- Title
Inside job: Evidence from the Chinese housing market.
- Authors
Chu, Yongqiang; Kuang, Weida; Zhao, Daxuan; Zhou, Xiaoxia
- Abstract
Using a comprehensive data set of housing transactions in Beijing, China, we find that government officials are more likely than non‐officials to buy housing units before the government‐imposed housing purchase restriction policy. We also find that officials use their power to speed up the loan application process and pay higher prices to complete the transactions before the policy. Overall, the results suggest that officials trade on private information gained during the policymaking process.
- Subjects
BEIJING (China); HOUSING market; HOUSE buying; PRICES; PUBLIC officers; LOANS
- Publication
Journal of Policy Analysis & Management, 2024, Vol 43, Issue 1, p214
- ISSN
0276-8739
- Publication type
Article
- DOI
10.1002/pam.22525