TY - JOUR
T1 - House prices and marriage entry in China
AU - Wrenn, Douglas H.
AU - Yi, Junjian
AU - Zhang, Bo
N1 - Publisher Copyright:
© 2018 Elsevier B.V.
Copyright:
Copyright 2019 Elsevier B.V., All rights reserved.
PY - 2019/1
Y1 - 2019/1
N2 - Rates of initial marriage have fallen in China since the late 1980s. This study ascribes part of this decline to a rise in house prices over the same period. Chinese social norms mandate the purchase of a home prior to marriage. We hypothesize that this custom, combined with rising house prices, has discouraged young adults from entering marriage for the first time. We test this hypothesis with an instrumental variable duration model using micro data on marriage entry and city-level data on house prices from 2000 through 2005 in urban China. Our results demonstrate that initial marriage rates declined by 0.31% for a 1% increase in house prices. This result is robust across a number of different model specifications.
AB - Rates of initial marriage have fallen in China since the late 1980s. This study ascribes part of this decline to a rise in house prices over the same period. Chinese social norms mandate the purchase of a home prior to marriage. We hypothesize that this custom, combined with rising house prices, has discouraged young adults from entering marriage for the first time. We test this hypothesis with an instrumental variable duration model using micro data on marriage entry and city-level data on house prices from 2000 through 2005 in urban China. Our results demonstrate that initial marriage rates declined by 0.31% for a 1% increase in house prices. This result is robust across a number of different model specifications.
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U2 - 10.1016/j.regsciurbeco.2018.12.001
DO - 10.1016/j.regsciurbeco.2018.12.001
M3 - Article
AN - SCOPUS:85058977237
VL - 74
SP - 118
EP - 130
JO - Regional Science and Urban Economics
JF - Regional Science and Urban Economics
SN - 0166-0462
ER -