A Comparative Study Of The Impact Of Real Estate Prices On Labor Mobility From The Perspective Of High-tech Industry Development

As China’s demographic dividends gradually subsided,the number of population movements has played an increasingly important role in the sustainable development of cities.However,the rapid rise in urban housing prices will have a significant inhibitory effect on population migration,especially in the Pearl River Delta region where high-tech industries are relatively concentrated.Therefore,this paper proposes some hypotheses for the relationship between urban housing prices and the development level of high-tech industries and labor mobility and conduct some empirical tests.This paper takes the major cities in the Pearl River Delta and Central China as the research objects.Firstly,the paper analyzes the housing prices and labor conditions in the Pearl River Delta region and the central region.At the same time,it analyzes the characteristics of high-tech industries and the development status of high-tech industries in the two regions,and uses principal component analysis to measure the development level of high-tech industries,and construction of panel data for the Central Region and the Pearl River Delta region from 2002 to 2015.Empirical test by means of fixed effects and random effects models.The study found that,There is an "inverted U-shaped" relationship between urban housing prices and urban labor mobility.When urban housing prices are low,housing prices rise to promote the inflow of urban labor;when housing prices exceed a certain threshold,housing prices will inhibit the inflow of urban labor;The improvement of the development level of urban high-tech industries will promote the inflow of urban labor,and the intensity of the development of high-tech industries in the Pearl River Delta region will be greater than that of the central region.