2025年第46期(总第1087期)

演讲主题：Political Affiliation and Housing Transactions

主讲人：Yongqiang CHU 北卡罗来纳大学夏洛特分校教授

主持人：滕敏 计算金融系副教授

活动时间：2025年06月25号（周三）10:00-12:00

活动地点：管院大楼105室

主讲人简介：

Yongqiang Chu is the Childress Klein Distinguished Professor and Professor of Finance at the Belk College of Business, University of North Carolina at Charlotte. He also serves as the Director of the Childress Klein Center for Real Estate. Professor Chu has published over 30 papers in leading academic journals, including 10 in top-tier outlets listed in the Dallas 24/FT50 rankings, such as Journal of Finance, Management Science, and Journal of Financial Economics.

活动简介：

By matching voter registration records with housing transaction data, this study finds that voters who share the same political affiliation as the current U.S. President are more likely to engage in housing transactions. When examining buying and selling transactions separately, the findings suggest that this effect is likely driven by politically aligned individuals perceiving lower economic uncertainty. Furthermore, this study shows that these politically motivated housing transactions result in lower home prices in neighborhoods with a higher concentration of aligned households in equilibrium. This pricing effect is consistent with increases in housing supply in these neighborhoods without corresponding rises in demand.