时间：2025年11月7日  14:00

地点：东校区财科馆317会议室

报告题目: Optimizing Public Housing Policy in a Dynamic Spatial Equilibrium

摘要：Public housing policy serves as a pivotal instrument for achieving welfare gains, enhancing housing affordability, and promoting local productivity with endogenous growth. An efficient policy design thus requires a comprehensive understanding of these benefits, alongside the explicit and implicit costs associated with public housing provision. This paper develops a spatial equilibrium model to assess the economic and social impacts of public housing in China. Our results indicate that for direct beneficiaries, access to public housing delivers immediate financial relief, elevates welfare, and facilitates upward mobility in the housing market. Moreover, the policy induces a filtering effect that mitigates demand pressures, curtails speculative behavior, and improves affordability across the broader housing market. More importantly, affordable housing options stimulate self-investment in human capital and attract high-skilled labor, thereby fostering human capital agglomeration and enhancing total factor productivity for sustained macroeconomic expansion. However, these gains are contingent on fiscal and social capital investments and are accompanied by challenges such as eligibility-induced inequality, sandwich class issues, and labor market distortions. Our counterfactual policy experiments demonstrate that expanding eligibility, particularly by relaxing income thresholds, offers a more cost-effective pathway for fostering collective and distributive growth than adjusting subsidy mechanisms.

报告人简介

Dr. Fan Ying is an Assistant Professor at the Department of Building and Real Estate, The Hong Kong Polytechnic University. Prior to joining PolyU, she was a research fellow at the National University of Singapore and a visiting scholar at the University of Wisconsin-Madison. Her major research interests are in real estate economics and household finance, specializing in housing price dynamics, household consumption and housing demand under uncertainty, household mortgage choice and risk management. She has published in Journal of Economic Behaviour& Organization, Regional Science and Urban Economics, Journal of Housing Economics, Real Estate Economics, The Journal of Real Estate Finance and Economics, China Economic Review, etc. She obtained her PhD degree in Real Estate Economics and Management at Tsinghua University in 2018.