Examining the Effectiveness of Housing and House Registration Policies for Raising Inflow of Talents A Case Study in Zhangjiang Science City, Shanghai

Abstract

With the national economic transformation, the advance of the intelligent manufacturing industry is gradually approaching, which has a direct positive correlation with innovations and the development of high-tech industries. Sufficient technical and entrepreneurial talent supply is the key to maintaining a high level of technological progress and sustaining economic development. Therefore, as one of the most developed cities in China, Shanghai adopts several house-related policies to attract the inflow of advanced talent. This paper examines the effectiveness and feasibility of the housing and household registration policies implemented in Zhangjiang Science City, including shortening the time of transferring temporary residence permit into the registered permanent residence (TR-to-PR) and offering talents apartments to reduce rental pressure of young talents. Four simple quantitative indicators used to analyze the effectuality are the number of talents introduced annually and its growth rate; the number of TR-to-PR groups annually and its growth, respectively. As a result, this paper supports that the policies are effective in promoting talent inflow. However, the future talent retention issue is still alarming and it deserves the attention of policymakers. More policies concerning solving house price bubbles and improving the living environment should be adopted to keep talents stay and contribute to economic development in the long run.