A huge gap remains in the urbanization rate between China and developed countries, although China has experienced a rapid growth in urbanization rate over the last decade. Critical to the future growth of urbanization is how to increase the settlement intentions of migrants. This study uses land supply for security housing as an exogeneous shock to the supply of security housing in the near future to explore how housing security is associated with intentions to settle down in destination cities of the migrant population. We found that increased land supply for security housing promotes the settlement intentions of migrants. Moreover, housing security is positively associated with permanent settlement intentions, while its relation to temporary settlement intentions is not significant. Lastly, the effect of housing security is larger for households with more housing expenditure. Our results have important theoretical and practical significance for the research on urban development and social welfare.
Chinese local officials have strong incentives to stimulate economic growth in the pursuit of promotion. However, the connection between promotion pressure of local officials and investment in the real estate market has not been rigorously explored. By using the panel data of local leaders (municipal party secretaries or mayors) from 2002 to 2010, this paper investigates the correlations between local leaders’ promotion pressures and growth in real estate investments. Empirical results show that local leaders’ promotion pressures are significantly and positively correlated with the growth of the real estate market. Furthermore, the positive effect of promotion pressure on real estate development is significant if the leader is young or born locally, whereas this effect is insignificant if the leader is older or not a native. Our findings provide new evidence on how local leaders may strategically intervene in local economic activities.
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