Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 张俊森教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1111/j.1465-7295.2009.00213.x |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/7WOS source URL
其它资讯
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 19http://aims.cuhk.edu.hk/converis/portal/Publication/71 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).
着者Yi JJ, Zhang JS
期刊名称ECONOMIC INQUIRY
出版年份2010
月份http://aims.cuhk.edu.hk/converis/portal/Publication/7
日期1
卷号48
期次3
出版社Wiley: No OnlineOpen
页次635 - 650
国际标準期刊号0095-2583
电子国际标準期刊号1465-http://aims.cuhk.edu.hk/converis/portal/Publication/7295
语言英式英语
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
