棚户区改造安置的第三种方式——以安庆市的房票政策为例

The Third Way of Shanty Town Resettlement——An Example of Anqing City’s Housing Voucher Policy

棚户区传统改造安置方式为实物安置,微观配置效率低下。2015年在去库存压力下,推进货币化安置,微观配置效率提高,但伴随着房价较快上涨。以安庆为代表的少数城市实施了棚改安置的第三种方式,由政府向拆迁户发放"房票",再由拆迁户向参与房票结算的房地产商购买住房。房票安置的微观配置效率较高,且政府深度参与,便于稳定房价。使用回归控制法分析发现,安庆的房票安置具有明显的房价抑制效应,兼顾了微观效率与宏观调控的需要。

Compared to the traditional inefficient property exchange and more recent inflation-causing monetization in shanty town resettlement,a third way of resettlement is implemented in some cities such as Anqing,where local governments dispense housing vouchers to relocating residents,who then purchase houses from participating realtors.Resettlement via housing vouchers enjoys both microeconomic efficiency and stability of housing prices,due to the deep involvement of governments in the resettlement process.Our empirical investigation using the regression control method for counterfactual analysis discovers that such a housing voucher policy has a significant effect of restraining housing prices,and provides a useful compromise between microeconomic efficiency and macroeconomic management.