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AbstractExisting research suggests that housing demolition negatively affects labour supply through the wealth effect of the demolition compensation. However, there is limited research on the gender differences in the impact of housing demolition on labour force participation. This study investigates the effects of housing demolition on labour force participation, with a specific focus on the gender difference. Using data from the Chinese Family Panel Studies, this study reveals a significant decline in labour force participation resulting from housing demolition, primarily driven by females. Moreover, housing demolition exerts a stronger effect on the labour force participation of married women, who tend to take on more responsibilities for household chores, while its impact on married men is less evident. These findings offer valuable insights into the issue of labour shortage and underscore the importance of reducing the traditional gender‐based division of household labour.

AbstractDespite extensive research on the impact of various factors on entrepreneurship, the role of housing debt remains underexplored, particularly in emerging economies. Using data from the China Household Finance Survey (CHFS), this study identifies a significant negative effect of housing debt on entrepreneurship after controlling for a comprehensive set of individual and household characteristics, as well as regional and year fixed effects. To delve deeper into the underlying mechanisms, we present direct evidence that housing debt amplifies risk aversion while imposing capital and credit constraints. Furthermore, we offer indirect evidence suggesting that housing debt exerts a stronger negative impact on employer entrepreneurship than on self‐employment entrepreneurship, and a more pronounced negative effect on active entrepreneurship compared to passive entrepreneurship. Overall, this study addresses gaps in research on the impact of housing debt on entrepreneurship and provides insights into the underlying mechanisms by revealing how housing debt amplifies risk aversion, imposes capital and credit constraints, and disproportionately affects employer entrepreneurship over self‐employment entrepreneurship, as well as active entrepreneurship over passive entrepreneurship.

AbstractThis study examines the relationship between housing quality and individuals' subjective well‐being. Using data from the China Labor‐force Dynamic Survey (CLDS), results show that housing quality is associated positively with one's overall happiness. Moreover, the results are robust to potential omitted variable bias. In addition, we determine that housing quality is more correlated with perceived happiness for local residents compared with migrants, who generally have lower levels of happiness. Mechanisms are provided through which the migrant population, which is generally less likely to reside in the current cities, cares less about living conditions than the local population. Policy implications for these findings are discussed.