文献类型：期刊文献

英文题名：More Work or More Leisure? Housing Matters

作者：Zhao, Yan[1];Cai, Jiayuan[1];Chen, Feifan[1];Song, Victor[2]

机构：[1]East China Univ Sci & Technol, Shanghai, Peoples R China;[2]Simon Fraser Univ, Burnaby, BC, Canada

年份：2025

卷号：28

期号：1

起止页码：1

外文期刊名：INTERNATIONAL REAL ESTATE REVIEW

收录：WOS:【ESCI(收录号:WOS:001461499700001)】；

基金：The authors thank the seminar participants at the ECUST for their helpful comments, and acknowledge the sponsorship of the Ministry of Education of China (Grant No. 18YJC790230) . The paper does not reflect the views of the above institutions, and all errors remain those of the authors.

语种：英文

外文关键词：Housing price; Labor force participation; Housing ownership

摘要：We contribute to the growing number of studies in the literature that focus on the effects of housing on labor in two ways by using the case of China. First, we add leisure consumption, and second, a heterogeneity analysis. Using survey data from 2017, we find that, overall, housing value appreciation significantly reduces labor force participation. However, once the sample is broken down into housing ownership and region, the heterogeneity analysis shows something different. Specifically, for housing renters in high housing price regions, their engagement in the labor market decreases with housing appreciation, which is also true for housing owners. This conclusion is corroborated by a study on leisure, in which leisure is shown to be increasing with housing appreciation, especially for renters in high housing price regions. Our results support the claim that rapidly increasing housing prices might be an important cause for the "lying flat" phenomenon in China.