New Citizens’ Depositing Willingness And System Reform Of Housing Provident Fund In Zhejiang Province

As an important part of the housing system reform,the housing provident fund system has played an important role in solving the housing problem of urban residents.However,with the acceleration of the urbanization process,the problems of insufficient coverage and low precision of the housing provident fund have become increasingly prominent.In particular,the new citizens have gradually become urban emerging classes.How to establish a more equitable housing provident fund system reform covering new citizens is extremely urgent.In order to deeply grasp the housing needs of new citizens and the demand for housing provident fund,and provide decision-making basis for the reform of housing provident fund,this paper takes the new citizens of Zhejiang Province as the research object,and the willingness and payment method choice of the new citizens who have not deposited the housing provident fund as the micro perspective.Using binary logistic regression and heterogeneity analysis to explore the main influencing factors affecting the deposit of new citizens and group difference.The study found that the significant factors affecting the willingness to deposit of the new citizens who have not deposited the housing provident fund are flow method,age,education levels,marital status,nature of work,whether to understand the relevant policies of the provident fund,whether there is a plan for buying a house within two years,the average price of commercial housing in the city,and whether the city has a limited purchase or restriction housing policy.Thus,the impact of various indicator factors on the willingness of new citizens to deposit is significantly different under different house price levels.Under the voluntary deposit mechanism,the significant factors affecting the choice of payment method of the new citizens who have not deposited but are willing to deposit the housing provident fund are marital status,nature of work,whether the city allows individuals to voluntarily deposit,whether the city has limited purchase or restriction policies,and whether there are financial assets.And the difference in the factor influence of the willingness of new citizens to choose the voluntary deposit method with the new citizen groups with different flow patterns,ages and gender characteristics is obvious.In addition,in order to solve the problems existing in the current housing provident fund system in Zhejiang Province,such as the pressure of capital operation,limited coverage and insufficient policy propaganda of housing provident fund,combined with the results of empirical analysis and the research on housing provident fund at home and abroad,this paper puts forward the policy recommendations on how the housing provident fund can support the new citizens to solve the housing problem,and provides a reference for the reform direction of the housing provident fund system.