Research On The Impact Of Talent Policy On Housing Prices

At present,Chinese real estate market is "destocking" and "because of the city strategy" parallel to the city.In view of the current situation of the real estate market,cities have issued policies such as purchase restriction and loan restriction to stabilize the real estate market.On the other hand,under the influence of economic development transformation,the loss of population dividend and the policy guidance,the "talent battle" in various cities has entered a white-hot state,the preferential talent policy has been continuously upgraded,and the power of snatching people has been continuously increased.Most urban talents preferential policies include relaxing residence restrictions and providing incentives and subsidies for talents.Whether the influx of talents and the relaxation of household registration control have an impact on the existing real estate market or not and what kind of impact,directly related to the government's real estate control policy and the vital interests of the broad masses of the people.This paper takes this phenomenon as the starting point of research,from the perspective of talent investment and talent gathering,studies the relationship between talent policy and housing price in 35 large and medium-sized cities,and tries to find out the influence mechanism of talent policy on housing price and the impact on different levels of cities.This paper mainly discusses the impact of talent policy on housing prices,as well as the role of talent investment and talent agglomeration.It has certain theoretical significance to enrich the research of talent policy and housing price,and has great practical significance to improve the attractiveness of talent policy and reduce the interference of talent policy on housing price.At the same time,this paper has formed the concept of real estate market price regulation to promote the promotion of human capital and reduce the impact of rising house prices with its economic added value,which has a certain reference significance for stabilizing the real estate market in China.Firstly,this paper combs the relevant literature on housing price and talent policy at home and abroad,which provides a solid foundation for the next research.Secondly,based on the theory of talent flow,the theory of talent agglomeration and the theory of housing supply and demand,combining with the real estate market and the present situation of talent,the paper studies the influence mechanism of talent policy on housing price from the perspective of talent investment and talent agglomeration.Finally,using panel data of 35 large and medium-sized cities in China from 2007 to 2017,this paper constructs a fixed effect model and makes an empirical analysis of the impact of talent policy on housing prices from the perspective of talent investment and talent concentration.Empirical results show that the investment in talent and talent agglomeration in talent policy are positively correlated with housing price,and the comprehensive effect of talent investment and talent agglomeration is positively correlated with housing price.The improvement of talent concentration enlarges the impact of household registration population on housing prices,and enlarges the impact of government incentives and subsidies on housing prices,and has different impact on second and third-tier cities.Finally,this paper puts forward some policy suggestions from the aspects of maintaining the orderly operation of the real estate market,formulating reasonable talent strategy and improving the quality of human capital training.