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Title: Demand for urban quality of living in China: Evolution in compensating land-rent and wage-rate differentials
Authors: Zheng, S.
Fu, Y. 
Liu, H.
Keywords: Labor mobility
Quality of living
Urban land rent
Urban wage rate
Issue Date: 2009
Citation: Zheng, S., Fu, Y., Liu, H. (2009). Demand for urban quality of living in China: Evolution in compensating land-rent and wage-rate differentials. Journal of Real Estate Finance and Economics 38 (3) : 194-213. ScholarBank@NUS Repository.
Abstract: The rapid pace of urbanization and income growth in China in the past decade, spurred in part by the liberalization of the urban housing and labor markets, resulted in considerable growth in urban land rents and wage-rates. The objective of this study is to examine the influence of urban quality of living, comprising social and environmental amenities, on the evolution of cross-city land-rent and wage-rate differentials in China. We employ the household data from the 1998 and 2004 Urban Household Survey (UHS) to compute the intercity land-rent and wage-rate differentials, inferring the rent growth in individual cities from a household housing consumption demand equation as home values were not reported in the earlier UHS. Our findings show a strong increase of urban residents' willingness to pay for local amenity qualities between 1998 and 2004. © Springer Science + Business Media, LLC 2008.
Source Title: Journal of Real Estate Finance and Economics
ISSN: 08955638
DOI: 10.1007/s11146-008-9152-0
Appears in Collections:Staff Publications

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