Research On The Impact Of Public Housing On Residents' Consumption And Employment

The housing problem is a major issue related to social stability and economic development.Housing security has always been the main content of government work.General Secretary Xi further pointed out at the 14th meeting of the Central Financial and Economic Leading Group:to grasp the residential property of the housing,in the 19th report,it is proposed to improve security and improve people's livelihood,strengthen and innovate social governance,and insist that the house is used for living,not for the purpose of speculation.At present,residents' consumption level is low,and the employment rate has shown a downward trend.Consumption is one of the three major carriages that drive economic growth.Employment can play a demographic structural advantage and is a key factor in economic and social development.Therefore,stimulating domestic demand and promoting employment are of great significance.The important goal of macroeconomic regulation and control is also the key content of government work.The funds for public housing mainly come from the financial expenditures of the central and local governments,which can increase consumption and stabilize employment to a certain extent.The reason why the government has increased the capital investment and construction of public housing is that it has the dual role of improving people's livelihood and macroeconomic regulation.It is of great practical significance to study the impact of public housing on residents' consumption and employment from an academic perspective.Most domestic research about public housing focuses on the optimal supply interval,social effects,institutional construction and policy effects.The economic effects of public housing are also limited by the impact on the price of commercial housing.And the impact of employment behavior is rarely the focus of scholars.How to play a role in public housing in the consumption and employment behavior of residents should be based on careful theoretical analysis and empirical tests to draw rigorous conclusions.Due to different countries and different stages of economic development,foreign related research provides us with reference.The specific impact of China's public housing on residents'consumption and employment should be placed in China's unique cultural background and social development.Therefore,this paper focuses on the impact of public housing on residents'consumption and employment behavior,including the impact on the total consumption and consumption structure of the residents,the employment status of the target,the active employment behavior,and the employment opportunities.In addition to the basic functions of the people's livelihood security,the macro-control functions of the public housing policy.Through in-depth theoretical analysis and detailed empirical tests,this paper proposes measures such as expanding the investment in public housing and formulating supporting employment assistance mechanisms,so that the future public housing policy is more in line with the reality of economic and social development,and has practical operability..This paper combines qualitative and quantitative analysis,using literature research and comprehensive research method,quantitative empirical method to analyze the impact of public housing on residents' consumption and employment behavior.The research content and main conclusions are summarized as follows:First,on the basis of combing the literature,it is found that the foreign literature about the impact of public housing on residents' consumption and employment is very rich.The effect of public housing on improving consumption is significant,but there are few related studies in China,and there is a lack of large-scale investigation.Influenced by various factors such as national conditions,economic development stage,housing welfare level and social culture,the analysis of the impact of public housing on residents'consumption and employment should be placed in the current situation of China for localization discussion,thus come to the main content and innovation of this paper.Second,elaborate the main concepts and theoretical foundations.Combine the connotation and main types of public housing,and the connection and difference between public housing and commercial housing,and analyze the differences between different types of public housing security objects.Public housing has the attributes and positive externalities of public goods,and has the practical necessity of promoting consumption,promoting employment,people's livelihood security and social security.The people's livelihood security function is the basic function of public housing,and its economic function affecting the economy and employment is the extension function in the development process,and it is also the focus of this paper.Third,analyze the mechanism of public housing affecting residents' consumption and employment.From the perspective of direct influence and indirect influence,the theoretical analysis shows that the public housing directly relaxes the budget constraint of the target,and indirectly relaxes the overall budgetary constraints of the society by stabilizing housing prices,enhances the consumption of residents,and affirms the consumption expansion of public housing.Due to the low level of housing welfare in China and the scarcity of public housing resources,it does not meet the welfare dependency conditions of employment,so it will not have a negative impact on the active employment behavior and willingness to work of the target.Fourth,analyze the current situation of public housing affecting residents'consumption and employment.The status of the public housing,household consumption and employment,the main problems and the main causes of the problems are analyzed.At present,the consumption rate of China's residents is low,the employment rate has a downward trend,and the financial expenditure level of public housing is low.The speed financial expenditure is slow and unstable,the financial housing gap is large,and the promotion of household consumption is limited.The low level of housing welfare can not lead to the welfare dependence of employment.Fifthly,using OLS and PSM methods,the micro-survey data is selected to empirically analyze the impact of low-rent housing and public rental housing on household consumption,and the macro-provincial level data is used to analyze the impact of public housing on household consumption.The main contents are as follows:First,empirical analysis of the impact of public housing on residents' consumption and consumption structure,and found that the public housing has significant consumption expansion effects,mainly to enhance residential consumption.Second,a comparative analysis of the differences in consumption expansion due to different protection targets,the economic base of public rental housing is good,the consumption expansion effect is more obvious,but the consumption structure is not reasonable.The economic base of low-rent housing objects is a bit thin,and the consumption expansion effect is mainly limited to residential consumption and food consumption.The amount of public housing investment has significantly increased the level of consumption of residents.Thirdly,the impact of commercial housing and public housing on household consumption is compared.The "negative" assets of housing severely crowd out household consumption.In terms of improving consumption,the effect of non-complete property housing is better than that of full-property housing.Sixth,using Probit and PSM methods,micro-survey data are used to analyze the impact of public housing on residents' employment behavior.The main contents are as follows:First,empirical analysis of the impact of public housing on the employment behavior of the target,there is no welfare dependence,and the employment of the target is not negatively affected.Secondly,the employment differences of different security objects are compared and analyzed.The employment status and active employment behavior of public rental housing objects are consistent with other groups.Because there is more choice space,it is not eager to return to the labor market when facing employment opportunities.The grasp of employment opportunities is slightly lower.Low-rent housing objects are consistent with other groups in terms of employment status,active employment behavior,and employment opportunities.Thirdly,it compares the impact of commercial housing and public housing on the employment behavior of residents.Excessive housing assets crowd out women's employment to a certain extent.In terms of maintaining employment,the effect of non-complete property housing is better than that of full-property housing.Seventh,put forward some suggestions for improving the public housing policy and supporting policies,specific recommendations based on quantitative results,and specific measures to strengthen housing security under the new situation.Increase the financial input of public housing and give full play to the effects of consumption expansion.Targeting the target population,the public housing will truly benefit the families with low-and moderate-income housing and effectively increase consumption.Reasonably guide the consumption of residents,and complete the transformation and upgrading of the consumption structure while increasing consumption.Establish a combination of employment assistance mechanisms and public housing policies to proactively prevent welfare dependency problems that may arise from public housing.Compared with the existing research,the innovation of this paper is based on the macro-control function of the public housing policy in the economic aspect.The micro-behavior of household consumption and employment is used as feedback to analyze the consumption of housing and employment.This paper analyze the effect of public housing on consumption and employment from the top to the down,and generate feedback policy and improvement initiatives from the down to the top.In theory,the first is to sort out the connotation and main types of public housing,and the differences between different protection objects,which provide a basis for comparative analysis.The second is to analyze the mechanism of public housing affecting household consumption,based on The cognition of China's traditional culture and national conditions,based on the welfare level of public housing,refutes the remarks that welfare housing leads to welfare dependence,and corrects the existing misconceptions about public housing.In the empirical aspect,the first is an empirical analysis of the impact of public housing on household consumption and employment,and the difference between the different protection objects;the second is to select the method of overcoming endogeneity in technology to ensure the scientific nature of the analysis results.The research in this paper affirms the economic function of the public housing policy from the empirical point of view,and not only completes the evaluation of the regulation and evaluates effect of the public housing policy,but also forms the future reform direction of the policy system.The research content of the public housing policy has been broadened,and the empirical test has been carried out based on the large-scale micro-investigation database.The research conclusions have universal significance and generality.