Household Migration and Collateral Constraint: Cash-based Housing Resettlement in China
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Collateral constraints limit household migration to expensive locations by restricting financing for home purchases. Such endogenous location choice amplifies the impact of relaxing household borrowing constraints. Using Chinas cash-based shantytown renovation program (2015-2018) as a natural
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美国国家经济研究局创建时间：
2026-03-01
