Housing Subsidies,Talent Gathering and Agglomeration of Productive Service Industries in Cities
Talent factor is the key to the agglomeration of productive service industry in cities,yet the weight of urban high housing costs has emerged as a formidable barrier to gather young talents.In response,cities have successively implemented housing subsidies for young talents in recent years.Based on data from 69 large and medium-sized cities from 2010 to 2019,this research employs a difference-in-differences model to empirically analyze the impact of housing subsidies on the agglomeration of productive service industries.The results show that the housing subsidies have significantly improved the level of agglomeration of productive service industries,with a particularly pronounced effect in cities characterized by higher housing prices and more educated human resources.Notably,the impact of rental subsidies and affordable housing policies in the above cities stands out prominently,surpassing that of housing purchase subsidies.The mechanism analysis reveals that these subsidies have enhanced the attractiveness of cities for young talents,fostering their aggregation and,in turn,elevating the level of agglomeration of productive service industries.These insights offer crucial policy implications for cities formulating the suitable housing subsidies that can effectively gather talents,thereby driving the agglomeration of productive service industries.
Talent GatheringYoung TalentHousing SubsidiesAgglomeration of Productive Service Industries
NETL
NSTL
万方数据
