持久所得、隐性收入与中国房价合理性  

Long-term Income,Hidden Income and Rationality of Real Estate Prices

作　　者：程侃[1] 杨斌[1] 

机构地区：[1]厦门大学经济学院,福建厦门361005

出　　处：《财贸研究》2013年第5期94-101,共8页Finance and Trade Research

基　　金：国家自然科学基金面上项目"公共服务均等化;逆向财政机制与收入差距"(71373220)

摘　　要：目前流行的用于衡量房价是否合理的房价收入比指标存在缺陷,它只考虑现期收入而未考虑持久所得,且将其运用于中国时忽视了隐性收入因素。通过设计一个新型的房价收入比指标,计算并进行国际比较,发现目前中国房价仍是合理的,中国人民的房价负担能力被低估。政府不应当用行政手段打压房价,而是应当合理处置"土地财政"带来的巨额收入,并且通过政策优化使高价商品房更多地成为"廉租房",从而使房地产市场成为无痛苦调节收入分配的渠道,实现房地产市场发展和社会公平的统一。Housing Price to Income Ratio( PIR) has its own defects as it includes only the current income,but not the long-term income,and the hidden income has been neglected when it is used in China.By designing a New Housing Price to Income Ratio( NPIR),computing and making international comparisons,it has founded out that China’ s housing prices are still reasonable,and the affordability of Chinese people may be underestimated. From the view of social fairness,the focus of government attention perhaps should be placed not on administrative means which suppress real estate prices,but on how to dispose the huge revenue brought by the'land finance',and on policy perfection to turn commercial residential housing into low-rent housing. Therefore,the real estate market can help regulate income distribution with no pain.

关 键 词：房价收入比 持久所得 隐性收入 

分 类 号：F7[经济管理—产业经济]