THE EFFECT OF HOUSE PRICE ON FERTILITY: EVIDENCE FROM HONG KONG
Publication in refereed journal

香港中文大學研究人員

引用次數
替代計量分析
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其它資訊
摘要This article extends a standard Beckerian model of fertility behavior to formulate the effect of house price (HP) on fertility. The simple model predicts a negative effect of HP on the number of children for a representative household not only through the income effect but also through the compensated substitution effect. The prediction is confirmed by a cointegration analysis applied to the annual data at the aggregate level covering the period from 1971 to 2005 in Hong Kong. It is found that a 1% increase in HP is significantly related to a 0.45% decrease in total fertility rates (TFRs), which is robust in sensitivity tests with an alternative model specification and alternative measures of TFRs. This implies that high HP inflation can account for about 65% of the fertility decrease in Hong Kong in the past four decades. (JEL J13, J11, C32).
著者Yi JJ, Zhang JS
期刊名稱Economic Inquiry
出版年份2010
月份7
日期1
卷號48
期次3
出版社Wiley: No OnlineOpen
頁次635 - 650
國際標準期刊號0095-2583
電子國際標準期刊號1465-7295
語言英式英語
Web of Science 學科類別Business & Economics; Economics; ECONOMICS

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