关键词: 房价上涨, 收入分配, 内生性, 联立方程

Abstract: The problems of housing price rising rapidly and income gaps widening gradually caused widespread concern in the community, but there is not a consistent view of the association and interaction for them. In this paper, we set housing price and income distribution as endogenous variables, and select multiple exogenous variables affecting the price and income distribution simultaneously to establish a simultaneous equations model. With an empirical analysis of a sample of 27 provinces in China from 2000 to 2010, we find that housing price and income distribution are endogenous, more importantly, the interaction between these two variables both are positive and income distribution is more pronounced impact on house prices. Thus, taking into account the urbanization rate promoting housing prices, we should emphasis on take appropriate control measures to prevent the house prices rising synchronously in the process of China's New Urbanization particularly and develop a reasonable tax on maintaining the property to prevent income distribution effect on housing prices is too large.

Key words: Housing Price Rising, Income Distribution, Endogeneity, Interaction