老龄化背景下住房负担能力对家庭创业行为的影响OA北大核心CHSSCDCSTPCD

Based on panel data from the 2013,2015,and 2017 China Household Finance Sur-vey(CHFS),using the housing price-to-income ratio as a measure of housing affordability,this study empirically analyzes the impact of the housing price-to-income ratio on household entrepre-neurial behavior in the context of population aging.The results indicate that the higher the hous-ing price-to-income ratio,the lower the likelihood of households engaging in entrepreneurial ac-tivities.The acceleration of the aging process further exacerbates the inhibitory effect of high housing price-to-income ratios on households'entrepreneurial activities.Further analysis reveals that,in the context of intensified aging,the entrepreneurial inhibition effect of high housing price-to-income ratios is primarily concentrated among households with one home.Therefore,when promoting the stable and healthy development of the real estate market,it is necessary to actively accelerate the improvement of the elderly care service system and guide families to allo-cate assets rationally.