Table 5.
Regression on estimated market rental value of public rental housing and the ratio of the discount represented by the actual rent paid
| Market rental value | Discount ratio | |
|---|---|---|
| (Constant) | 5.015** | 0.765** |
| City (reference: Beijing) | ||
| Chongqing | −0.879** | −0.099** |
| Guangzhou | −0.047 | −0.074** |
| Harbin | −0.422** | −0.056** |
| Nanjing | −0.236** | 0.030* |
| Shanghai | −0.383** | −0.044** |
| Tianjin | −0.446** | 0.015 |
| Xi’an | −0.837** | −0.074** |
| Male or female (Reference: male) | −0.041* | −0.015* |
| Household head age | 0.011** | 0.004** |
| Age square | −8.81E-005** | −3.87E-005** |
| Household size | 0.050** | −0.005 |
| Years of education | 0.015** | −0.001 |
| Spouse years of education | 0.008** | −0.002 |
| Occupation (Reference: manual worker) | ||
| Head of work unit | 0.213** | −0.033 |
| Professional/technician | 0.086** | 0.018 |
| Staff or other personnel | 0.070* | −0.008 |
| Commercial or services | 0.031 | −0.021* |
| Retired | 0.003 | 0.001 |
| Other unemployed | 0.025 | 0.013 |
| Residence status (Reference: urban natives) | ||
| Rural villagers | 0.091 | −0.344** |
| Established urban migrants | 0.026 | −0.013 |
| Recent urban migrants | 0.237** | −0.183** |
| Established rural migrants | −0.044 | −0.357** |
| Recent rural migrants | 0.108** | −0.445** |
| Living status (Reference: living with urban registration spouse) | ||
| Individually | 0.095** | −0.011 |
| With rural registration spouse | −0.029 | −0.071** |
| Recent within city move | 0.306** | −0.043** |
| N | 4239 | 4239 |
| Degree of freedom | 27 | 27 |
| Adjusted R-squared | 0.345 | 0.309 |
Notes:
*
p < 0.05
**
p < 0.01.
Dependent variable for the first model is ln (predicted market value of public rental housing). Dependent variable for the second model is (1- (actual public housing rent)/(predicted market value)).