住房限购与企业就业：来自中国的证据

IF 3.1 3区经济学 Q1 ECONOMICS

Quarterly Review of Economics and Finance Pub Date : 2025-09-30 DOI:10.1016/j.qref.2025.102059

Jinlei Li , Yuanbiao Huang

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引用次数: 0

摘要

本研究探讨了中国住房限购政策对企业就业的影响。使用交错差异方法，我们提出了强有力的证据，表明该政策对企业就业有积极影响。这种效应在融资约束程度较低、劳动强度较高的企业和信贷可得性较好、劳动力供给较充裕的城市的企业中更为显著。机制检验表明，HPR政策减少了房地产投资，增加了生产性投资。此外，本文还讨论了该政策对企业就业结构和城市就业的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Housing purchase restriction and corporate employment: Evidence from China

This study explores how the housing purchase restriction (HPR) in China affects corporate employment. Using a staggered difference-in-differences approach, we present strong evidence that the policy has positive effects on corporate employment. The effect is more significant among firms with lower financing constraint and higher labor intensity, and firms in cities with better credit availability and more abundant labor supply. Mechanism tests reveal that the HPR policy reduces real estate investment and increases productive investments. Furthermore, we discuss the effects of this policy on firms’ employment structure and city-level employment.

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来源期刊

Quarterly Review of Economics and Finance ECONOMICS-

CiteScore

6.00

自引率

2.90%

发文量

118

期刊介绍： The Quarterly Review of Economics and Finance (QREF) attracts and publishes high quality manuscripts that cover topics in the areas of economics, financial economics and finance. The subject matter may be theoretical, empirical or policy related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis and clear writing. At least one Special Issue is published per year. These issues have guest editors, are devoted to a single theme and the papers have well known authors. In addition we pride ourselves in being able to provide three to four article "Focus" sections in most of our issues.