The Impact Of Housing Price On Peasant Workers' Wage

Since the eve of national day in 2016,Beijing introduced the property market regulation and control policy,Shanghai,Guangzhou,Shenzhen,three first-tier cities,and some prices rose too fast regional central cities during the national day last year have been promulgated limit policies for the real estate market.In the 14 years since the comprehensive housing reform in 2003,the national average house prices rose more than 13 times in the past 14 years.Housing prices has become a hot topic of concern to the whole society,the discussion also lasted a long time.Because of this,in recent years social impacts of housing prices have been have been widely concerned about by economic scholars,who made a lot of research results on them,and has made many meaningful results.While the labor costs over the same period also showed a rapid rise and triggered a series of social problems.Since the comprehensive housing reform,labor costs and housing prices rose rapidly,in the end are due to the results of the economic development,or have their internal links?Although there are many reasons for the rising labor costs,it can be simply classified into two categories,one is the improvement of labor productivity caused by economic development,the other is the rise in the cost of living.If life cost push wages rise is due to some distortionary policies directly or indirectly,resulting in comparative advantage China rich labor resources disappeared and Lewis inflection point of illusion,and the emergence of enterprise capital early instead of labor and industrial upgrading,part of the capital,technology-deficient enterprises out of the market,thereby undermining China's overall economic competitiveness.Therefore,the impact on the types of rising wages of migrant workers will directly affect the understanding of the stage of economic development in China and China's economic growth related to the prospects and future,thereby affecting the national industry,regional and macroeconomic policy formulation for the promotion of urbanization in China Smooth,stable development,has a strong strategic significance.Aiming at the rapid in prices of housing and wages of migrant workers after 2003 and using the cross-sectional data of migrant workers in the 2002 and 2007 Chinese household income survey data based,we made land supply as the instrumental variables in housing prices.After controlling for model estimation errors arising from endogeneity,we studied the price effect on wages of migrant workers.The results showed that after 2003,rapid increases in housing prices by affecting the cost of living promotes the improvement of migrant workers wages,prior to 2003 is not significant.