The effect of gender imbalance on housing price in China

House ownership is considered as one of the important pre-conditions for marriage in China. Given that gender imbalance is a prominent issue in the country, competition for marriage partners might motivate males to look for a house and probably bigger and more expensive house. This is believed to ha...

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Main Authors: Han, Xinping, Wan Ngah, Wan Azman Saini, Rosland, Anitha, Bani, Yasmin, Law, Siong Hook
Format: Article
Language:English
Published: Korea Distribution Science Association 2021
Online Access:http://psasir.upm.edu.my/id/eprint/95387/
http://psasir.upm.edu.my/id/eprint/95387/1/The%20effect%20of%20gender%20imbalance%20on%20housing%20price%20in%20China.pdf
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author Han, Xinping
Wan Ngah, Wan Azman Saini
Rosland, Anitha
Bani, Yasmin
Law, Siong Hook
author_facet Han, Xinping
Wan Ngah, Wan Azman Saini
Rosland, Anitha
Bani, Yasmin
Law, Siong Hook
author_sort Han, Xinping
building UPM Institutional Repository
collection Online Access
description House ownership is considered as one of the important pre-conditions for marriage in China. Given that gender imbalance is a prominent issue in the country, competition for marriage partners might motivate males to look for a house and probably bigger and more expensive house. This is believed to have caused house price hikes in recent years. This study aims to investigate the impact of gender imbalance on house prices using data from 30 provinces in China for the 2000-2017 period. The results based on the generalized method of moments (GMM) estimations show that house price is strongly influenced by gender imbalance. However, there is no evidence to support differential effects across eastern and mid-western regions. One potential reason is that pre-marriage house ownership has become a common culture for the whole community and therefore it does not vary significantly across regions. There are several important policy implications. Firstly, the issues should be addressed by the policymakers at national level and not regional level. Secondly, the government should intervene to bring back gender ratio to its normal level. Finally, the government should limit the number of houses people can buy and increase the supply of houses in the market.
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spelling upm-953872023-01-05T03:58:18Z http://psasir.upm.edu.my/id/eprint/95387/ The effect of gender imbalance on housing price in China Han, Xinping Wan Ngah, Wan Azman Saini Rosland, Anitha Bani, Yasmin Law, Siong Hook House ownership is considered as one of the important pre-conditions for marriage in China. Given that gender imbalance is a prominent issue in the country, competition for marriage partners might motivate males to look for a house and probably bigger and more expensive house. This is believed to have caused house price hikes in recent years. This study aims to investigate the impact of gender imbalance on house prices using data from 30 provinces in China for the 2000-2017 period. The results based on the generalized method of moments (GMM) estimations show that house price is strongly influenced by gender imbalance. However, there is no evidence to support differential effects across eastern and mid-western regions. One potential reason is that pre-marriage house ownership has become a common culture for the whole community and therefore it does not vary significantly across regions. There are several important policy implications. Firstly, the issues should be addressed by the policymakers at national level and not regional level. Secondly, the government should intervene to bring back gender ratio to its normal level. Finally, the government should limit the number of houses people can buy and increase the supply of houses in the market. Korea Distribution Science Association 2021-07-30 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/95387/1/The%20effect%20of%20gender%20imbalance%20on%20housing%20price%20in%20China.pdf Han, Xinping and Wan Ngah, Wan Azman Saini and Rosland, Anitha and Bani, Yasmin and Law, Siong Hook (2021) The effect of gender imbalance on housing price in China. Journal of Asian Finance, Economics and Business, 8 (7). art. no. 0671. 671 - 679. ISSN 2288-4637; ESSN: 2288-4645 http://koreascience.or.kr/article/JAKO202118057836280.page 10.13106/jafeb.2021.vol8.no7.0671
spellingShingle Han, Xinping
Wan Ngah, Wan Azman Saini
Rosland, Anitha
Bani, Yasmin
Law, Siong Hook
The effect of gender imbalance on housing price in China
title The effect of gender imbalance on housing price in China
title_full The effect of gender imbalance on housing price in China
title_fullStr The effect of gender imbalance on housing price in China
title_full_unstemmed The effect of gender imbalance on housing price in China
title_short The effect of gender imbalance on housing price in China
title_sort effect of gender imbalance on housing price in china
url http://psasir.upm.edu.my/id/eprint/95387/
http://psasir.upm.edu.my/id/eprint/95387/
http://psasir.upm.edu.my/id/eprint/95387/
http://psasir.upm.edu.my/id/eprint/95387/1/The%20effect%20of%20gender%20imbalance%20on%20housing%20price%20in%20China.pdf