Author(s)

Yihui Zhong

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

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.

Housing Supply Elasticity, Labor Markets, Productivity, Model Study

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.