题目：Frictional Sorting in China

报告人：梁文泉   副教授   暨南大学经济学院 

主持人： 金樟峰  博士后  浙江大学经济学院

时间：2019年4月19日   星期五    12:00-13:30

地点：浙江大学玉泉校区经济学院418室  

Abstract:

In this paper, we quantify the welfare implication of migration cost and land use regulation across Chinese cities. The migration costs caused by Hukou System are more restrict in the larger cities which would depress the workers arbitrage across space. Similarly, the land use regulation is more stringent in the migrant inflow regions also limit the migration. These two forces would both raise the spatial misallocation in China. Using a horizontal soring framework which explicitly captures the role of migration cost and housing price, we find both reductions in migration cost and relaxing land use regulation are welfare improving. The migration costs in China decrease by 37.1%, the cross-province migration rate in China would reach the cross-state migration rate in U.S., and this reduction in migration cost would improve the household welfare. The monetary welfare gain for an average Chinese household is $542.1, which accounts for 31.5% of the average household income. We remove the effects of housing supply regulation on the coastal cities by making the housing price elasticity to population in coastal cities equal to the inland cities. It will improve the welfare level by 13.99% of the average household income. Our conclusions have general policy implications.

报告人简介：

梁文泉，复旦大学经济学博士，现为暨南大学经济学院副教授(绿色通道)。研究领域为城市经济学和劳动经济学，主要关注人力资本和城市发展。已在Journal of Environmental Economics and Management, Journal of Housing Economics以及《中国社会科学》、《经济研究》、《管理世界》等国内外期刊发表论文多篇。

CRPE秘书处
2019-4-15