A Model Study on the Effect of Housing Supply Elasticity on Labor Market - Open Journal of Business and Management

OJBM > Vol.5 No.3, July 2017

Open Journal of Business and Management

Volume 5, Issue 3 (July 2017)

ISSN Print: 2329-3284 ISSN Online: 2329-3292

Google-based Impact Factor: 1.13 Citations

A Model Study on the Effect of Housing Supply Elasticity on Labor Market ()

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DOI: 10.4236/ojbm.2017.53044 1,000 Downloads 1,822 Views Citations

Author(s)

Yihui Zhong

Affiliation(s)

Department of Economic Management, China University of Labor Relations, Beijing, China.

ABSTRACT

We develop a model of wage and rent determination that features spillovers from export-sector shocks to the market for locally produced (nontraded) goods and services, mediated by housing supply elasticities. Our model can explain stylized facts such as “gentrification” in major cities driven by shocks to industries in which those cities specialize.

KEYWORDS

Housing Supply Elasticity, Labor Markets, Productivity, Model Study

Share and Cite:

Zhong, Y. (2017) A Model Study on the Effect of Housing Supply Elasticity on Labor Market. Open Journal of Business and Management, 5, 514-521. doi: 10.4236/ojbm.2017.53044.

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