How Do House Prices and Financial Expenditure Affect Birth Rate? New Evidence from the Dynamic Threshold Panel Model

Owing to low birth rate, the demographic dividend in China is disappearing. It thus of great significance study regional differences and influencing factors further proposing political advices on how raise rate. In this study, 31 administrative units were chosen as targets, nonlinear effects house prices financial expenditure rate extensively investigated by using a dynamic panel threshold model. A model with disposable income variable, price independent that concluding education funds social security variables influenced variable was established, which can effectively handle heterogeneity endogeneity problems. The results show effect complex, exhibiting “S” shape for an inverted “U” security. Previous controversial conclusions impact literature thereby be reasonably explained. shows lagged have negative rationality present has been verified consumption input-output economic theories. Based empirical investigation, specific suggestions proposed order acquire sustainable development population.