勞動(dòng)經(jīng)濟(jì)學(xué)研討會(huì) ? ? ? ??

（總第54期）? ? ??

【時(shí)? 間】2019年4月25日（周四）12:00－13:30 ? ? ? ? ?

【地? 點(diǎn)】明德主樓734會(huì)議室 ? ? ? ? ?

【主? 題】Housing Wealth Shocks and Fertility Choice: Evidence from China ? ? ? ? ?

【主講人】劉? 宏（中央財(cái)經(jīng)大學(xué)中國(guó)經(jīng)濟(jì)與管理研究院教授） ? ? ? ? ?

【主持人】孫文凱（中國(guó)人民大學(xué)經(jīng)濟(jì)學(xué)院教授） ? ? ? ? ?

【點(diǎn)評(píng)人】陸方文（中國(guó)人民大學(xué)經(jīng)濟(jì)學(xué)院教授） ? ? ? ? ?

【摘? 要】This paper examines the impact of housing wealth on fertility decisions by exploiting housing wealth variation supplied by the recent housing boom in China. Using data from the CFPS 2010–2016, we find that for a 100,000 yuan increase in lagged home values, the likelihood that home-owning women give a birth falls by 5.8%. We also show that an increase housing wealth leads to a reduction in total fertility rate and that the fertility decisions of women who have higher household income, more education, no siblings, and live in urban areas are more responsive to housing wealth growth. We further investigate the underlying mechanisms and the results are consistent with our hypotheses about the living cost effect and old-age security effect of house price increase. These findings have important policy implication given the low fertility rate in China. ? ? ? ? ?

【主講人簡(jiǎn)介】劉宏，2007年畢業(yè)于紐約州立大學(xué)石溪分校，獲經(jīng)濟(jì)學(xué)博士學(xué)位。2007年至今在中央財(cái)經(jīng)大學(xué)中國(guó)經(jīng)濟(jì)與管理研究院從事科研與教學(xué)工作，現(xiàn)任“龍馬學(xué)者”特聘教授、博士生導(dǎo)師，主要研究領(lǐng)域包括健康經(jīng)濟(jì)學(xué)、勞動(dòng)經(jīng)濟(jì)學(xué)和發(fā)展經(jīng)濟(jì)學(xué)。在Journal of Economic Behavior and Organization, Journal of Comparative Economics, Journal of Population Economics, Health Economics等國(guó)際學(xué)術(shù)期刊上發(fā)表多篇英文論文；在《經(jīng)濟(jì)研究》、《經(jīng)濟(jì)學(xué)季刊》、《世界經(jīng)濟(jì)》上發(fā)表中文論文多篇；主持國(guó)家自科基金課題2項(xiàng)、教育部縱向課題2項(xiàng)。2012年入選教育部新世紀(jì)優(yōu)秀人才支持計(jì)劃。 ? ? ? ? ? ? ? ?