Potential mechanisms.

This study identifies the health effect of rising housing prices on individual physical health using the Chinese General Social Survey (CGSS) data. Exploiting exogenous housing prices, I find that rising housing prices adversely affect physical health status. Heterogeneity analyses yield interesting findings. First, the adverse effects of high housing prices are pronounced in the group owning only one house. Second, significant effects of housing prices on health for the group aged 20 to 45 are observed, with no effects for the elderly group above 45. Third, males are more sensitive to high housing prices due to the intensified competition and traditional gender norm in marriage markets. I also further investigate the channel through which housing prices affect individual physical health. The findings indicate that rising housing prices can damage individual physical health via lowering social status, reducing physical exercise time and increasing mental health risk.

本研究依托中国综合社会调查（Chinese General Social Survey, CGSS）数据，考察房价上涨对个体身体健康的影响效应。借助外生房价变量，研究发现房价上涨会对个体身体健康状况产生显著负向影响。异质性分析得到了多项具有启发性的研究结论：其一，高房价的不利影响在仅拥有一套住房的群体中尤为显著；其二，房价对健康的显著影响仅存在于20至45岁的年龄段群体，45岁以上的老年群体未观测到明显影响；其三，受婚姻市场竞争加剧与传统性别择偶规范的双重影响，男性群体对高房价的敏感度更高。本研究还进一步探究了房价影响个体身体健康的传导路径，结果表明，房价上涨可通过降低个体社会地位、减少体育锻炼时长以及提升心理健康风险这三条途径损害个体身体健康。