本文主要梳理了美国重要智库——美国国家经济研究局(NBER)中国经济研究项目组近年来关于“中国的房价为何居高不下”问题的研究成果,并对其主要观点进行归纳和评述。这些研究视角新颖的成果,以详实的数据材料解释了中国高房价的几个重要因素。他们认为,中国是存在房地产泡沫的,其原因在很大程度上与养老金替代率水平的急速下降有关。高房价与人们对环境质量和绿色城市的需求、人口的性别比例结构失衡、不同的土地交易方式,以及不同人群的心理预期等因素有着密切的关联性。这些成果及其研究观点,为我们进一步深入研究中国房地产价格问题,以及观察高房价问题提供了不同的研究视角。 This paper mainly reviews the research achievements of the NBC China Economic Research Project, an important think tank in the United States, on the issue of why China’s housing prices are so high in recent years, and summarizes and comments on its main points of view . The innovative results of these research perspectives, with detailed data to explain several important factors in China’s high prices. They think there is a real estate bubble in China, largely due to the sharp drop in the level of pension replacement rates. High housing prices and people’s demand for environmental quality and green cities, the gender structure of the population imbalance, different land transactions, as well as different groups of people’s psychological expectations and other factors are closely linked. These achievements and their research perspective provide us with different perspectives for further studying China’s real estate prices and observing the high housing prices.