The nexus between labor wages and property rents in the Greater China area
Publication in refereed journal

香港中文大學研究人員

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摘要Tse and Chan (2003) investigated the relationship between property sales price and the value of commuting time without accounting for the fact that property sales price is subject to the inherent limitation of containing speculative elements. A better measure to use for such a study would be the rent paid by the genuine end-user of the property. This paper examines how equilibrium rents in different locations within Greater China are determined by the time value, or the shadow wage, of an individual. Using the rental information, we provide the first estimated ratio of time values for individuals in Hong Kong, Shanghai and Taipei. Our results show that the shadow wage ratio of the households in Hong Kong, Shanghai and Taipei is about 2.25:1:1.61. (C) 2014 Elsevier Inc. All rights reserved.
著者Chong TTL, Shui KCW, Wong VH
期刊名稱China Economic Review
出版年份2014
月份9
日期1
卷號30
出版社Elsevier
頁次180 - 191
國際標準期刊號1043-951X
電子國際標準期刊號1873-7781
語言英式英語
關鍵詞Central business district; Property rental price; Shadow wage
Web of Science 學科類別Business & Economics; Economics

上次更新時間 2020-20-11 於 01:14