The high and rising house prices in China are not adequately accounted for the traditional explanations emphasizing demand-driven or cost-push factors. Reeent published studies claim that gender imbalance increases co...The high and rising house prices in China are not adequately accounted for the traditional explanations emphasizing demand-driven or cost-push factors. Reeent published studies claim that gender imbalance increases competition among men in the marriage market, which has pushed Chinese, especially parents with a son, to buy houses as a signal of relative status in the marriage market,＂ this marriage competition then causes high demand for houses and eventually leads to rising house prices in China. Empirical results in this paper, however, provide little support for this hypothesis and we find that a rise in the sex ratios for most age cohorts accounts for very small percentage variations in house price movements in China during 1998-2009. Further investigation suggests that excess demand driven by high monetary growth was a significant cause of the rising house prices in China during 1998-2009. Therefore, the impact of gender imbalance on house prices shouM not be exaggerated and monetary dynamics remains an important leading indicator for house price movements in China.展开更多
Numerous studies have shown that a sex ratio imbalance(more boys than girls in a society)may result in a sequence of social problems.This study investigated the expected effect of a high sex ratio on educational inves...Numerous studies have shown that a sex ratio imbalance(more boys than girls in a society)may result in a sequence of social problems.This study investigated the expected effect of a high sex ratio on educational investment.Using nationally representative data from the China Family Panel Studies and the 2010 Census,we determined the following:(i)a high sex ratio increased educational expenditure for boys relative to girls;(ii)parents who took education seriously and who cared about their children's education were more likely to invest in education to appear attractive in the future marriage market,and(iii)the profound impact of a high sex ratio on educational expenditure was more pronounced in less educated and poorer families.Our findings raised the possibility that the effect of the sex ratio may bring about more gender inequality in the future.The implicit cost of a high sex ratio may further lead to a vicious cycle of family fertility and childbearing.展开更多
基金supported by the Ministry of Education of China(No.12JJD790039)the Fundamental Research Funds for the Central Universitiesthe Research Funds of Renmin University of China
文摘The high and rising house prices in China are not adequately accounted for the traditional explanations emphasizing demand-driven or cost-push factors. Reeent published studies claim that gender imbalance increases competition among men in the marriage market, which has pushed Chinese, especially parents with a son, to buy houses as a signal of relative status in the marriage market,＂ this marriage competition then causes high demand for houses and eventually leads to rising house prices in China. Empirical results in this paper, however, provide little support for this hypothesis and we find that a rise in the sex ratios for most age cohorts accounts for very small percentage variations in house price movements in China during 1998-2009. Further investigation suggests that excess demand driven by high monetary growth was a significant cause of the rising house prices in China during 1998-2009. Therefore, the impact of gender imbalance on house prices shouM not be exaggerated and monetary dynamics remains an important leading indicator for house price movements in China.
基金support from the Major Project of National Social Science Foundation of China (No.21ZDA010).
文摘Numerous studies have shown that a sex ratio imbalance(more boys than girls in a society)may result in a sequence of social problems.This study investigated the expected effect of a high sex ratio on educational investment.Using nationally representative data from the China Family Panel Studies and the 2010 Census,we determined the following:(i)a high sex ratio increased educational expenditure for boys relative to girls;(ii)parents who took education seriously and who cared about their children's education were more likely to invest in education to appear attractive in the future marriage market,and(iii)the profound impact of a high sex ratio on educational expenditure was more pronounced in less educated and poorer families.Our findings raised the possibility that the effect of the sex ratio may bring about more gender inequality in the future.The implicit cost of a high sex ratio may further lead to a vicious cycle of family fertility and childbearing.
