题目：   Housing Shock and Online Consumer Behavior

报告人：王   龙  助理教授   上海科技大学创业与管理学院

主持人：叶   兵  副教授       浙江大学民营经济研究中心

时间：   2021年10月8日（星期五） 上午9：30 -11：00

地点：   腾讯会议（会议 ID：590 498 633； 本次会议对外开放，请加入会议者将个人姓名备注为 真实姓名+单位）

摘要: To establish the causal relationship between housing price appreciation and online consumer behavior, this study exploits a proprietary dataset assembled from October 1, 2016 to December 31, 2018 by the largest e-commerce company in China. In order to overcome the empirical challenges faced by existing literature due to the non-random nature of housing price changes, this study investigates a unique institutional setting in China, namely the announcement of the newest national-level new area, the Xiong'an New Area, on April 1, 2017, as an exogenous shock to the housing price. The study focuses on three areas of interest. First, we examine how exogenous and unanticipated housing wealth shocks impact households' online consumer behaviors. Second, we study the dynamic change of online consumer behaviors before and after the housing shock, and determine whether the behavioral responses persist in the long run. Third, we explore the underlying mechanisms through which the housing shock affects consumer behaviors. In particular, we attempt to disentangle the collateral effects from the wealth effects and the rent effects.

简介：王龙博士现为上海科技大学创业与管理学院助理教授。他于2018年获得新加坡国立大学房地产博士学位，研究兴趣为城市经济学、房地产金融和中国经济。他的论文已发表于Journal of Public Economics、Journal of Urban Economics、Real Estate Economics和Journal of Real Estate Research等国际期刊。

CRPE秘书处
2021-9-26