Abstract: Through analyzing the relationship between China’s urban real estate markets and the urban labor force markets, this paper studies the impact of the land finance policy being widely carried out by the local governments at all levels on the urban labor migration. The results show that the land finance policy being widely carried out by the local governments at all levels has a significant impact on the flow of urban labor force. The present changes in the urban real estate markets are reshaping the structure of China’s urban labor markets, leading to labor shortage in some of the urban areas. In order to resolve the problem of labor shortage in present urban labor force markets, one of the important means is to stabilize the housing prices, and try all the means to expand the supply of the low-rent housing or the public-rental housing.

Key words: Through analyzing the relationship between China’s urban real estate markets and the urban labor force markets, this paper studies the impact of the land finance policy being widely carried out by the local governments at all levels on the urban labor mig