Credit Constraints, Job Mobility and Housing Markets in China

Description

The second chapter provides new evidence on the impact of private property rights on an individual's decision to become an entrepreneur. I develop a model of job choices to understand how the institutional features of the Chinese housing market influenced individuals' decisions to engage in wage employment or entrepreneurship. The empirical results suggest that the property reform led to an increase in self-employment among individuals who received the opportunity to buy a state home.

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