研究者業績
基本情報
- 所属
- 武蔵野大学 名誉教授・客員教授慶應義塾大学 名誉教授
- 学位
- 博士（経済学）(慶應義塾大学)修士（経済学）(慶應義塾大学)修士（理学）(マサチューセッツ工科大学)
- 研究者番号
- 60120490
- J-GLOBAL ID
- 200901009618484780
- researchmap会員ID
- 1000263937
- 外部リンク
経歴
10-
2023年4月 - 現在
-
2013年4月 - 現在
-
2014年4月 - 2023年3月
-
2013年4月 - 2014年3月
-
1998年4月 - 2013年3月
学歴
5-
- 1990年1月
-
- 1974年
-
- 1972年
委員歴
31-
2023年4月 - 現在
-
2019年4月 - 現在
-
2018年6月 - 現在
-
2017年4月 - 現在
-
2015年1月 - 現在
受賞
9論文
21-
International Journal of Economic Policy Studies 14(1) 123-166 2020年2月 査読有り
-
JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS 52(4) 480-511 2016年5月 査読有りThis study analyzes the rent term premium for leases that can be cancelled by the lessee. We model the lessor's trade-off between leasing costs and the cost of cancellation options based on the recognition that many leases are cancellable by lessees, and lease markets involve significant transaction costs. We demonstrate that, regardless of the expected future rents, the rent term structure is upward-sloping when there is no leasing cost but U-shaped when the lessor faces moderate leasing costs. Residential leases in Japan, which are all cancellable by tenants, exhibit the term structure that is consistent with our calibrated model.
-
Earthquake Risk in Japan: Consumers' Risk Mitigation Responses After the Great East Japan EarthquakeJOURNAL OF ECONOMIC ISSUES 46(2) 519-530 2012年6月 査読有りThe destructive impact of the Great East Japan Earthquake and subsequent tsunami on March 11, 2011 has enhanced consumer's earthquake preparedness even in unaffected areas. This paper uses unique survey data collected after the earthquake to study how consumers reacted to this catastrophic event. We find that self-reported, perceived preparedness for natural disasters has significantly improved even among low-income households after March 11, but that post-quake intentions for more specific risk mitigation activities were systematically associated with household income and wealth levels. Our results indicate that the recent events might have widened the gap in disaster preparedness between rich and poor.
-
JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS 45(1) 63-87 2012年6月 査読有りThis paper draws on six waves of Japanese household longitudinal data (Keio Household Panel Survey, KHPS) and estimates a conditional fixed effects logit model to investigate the effects of housing equity constraints and income shocks on own-to-own residential moves in Japan. By looking at contemporaneous extended Loan-to-Value (ELTV) and extended Debt-to-Income (EDTI) ratios under the recourse loan system, we examine whether housing equity constraints and negative income shocks have any impact on own-to-own residential moves. Taking account of the specific nature of the recourse loan system in Japan, we further investigate whether these effects are different between positive and negative equity households. The estimation results show that housing equity constraints and negative income shocks significantly deter own-to-own residential moves for positive equity households.
MISC
70-
Columbia Business School, Center on Japanese Economy and Business, Working Paper Series 384 1-65 2024年6月 筆頭著者
-
Keio University, Panel Data Research Center, PDRC Discussion Paper Series DP2020-011 2021年3月31日
-
Keio University, Panel Data Research Center, PDRC Discussion Paper Series DP2020-005 2020年
-
SSRN Electronic Journal 2019年
-
武蔵野大学政治経済研究所年報 (11) 1-29 2015年 招待有り
-
月刊不動産流通 33(1) 8-9 2014年7月 招待有り地震リスクが不動産市場に与える影響と、東日本大震災後の家計行動の変化を分析し、地震リスクと防災政策について、現行制度の問題点と今後のあるべき方向性について提言している。
-
International Encyclopedia of Housing and Home 14 465-473 2012年 招待有り
-
Welfare Economics 3-11 2011年A new mode of housing tenure in Japan, rental housing with fixed rental terms, was introduced in March 2000 with the revision of the Japanese Tenant Protection Law. We examined the implications of this new system by analyzing the determinants of the choices by households among the three types of housing tenure in Japan: owned housing, general rental housing, and rental housing with fixed rental terms, and calculate the estimated compensating variation, based on the three waves of Japanese household longitudinal data (Keio Household Panel Survey, KHPS) covering all of Japan. The difference between general rental housing and rental housing with fixed rental terms is reflected in the length of the contract term and the level of rent. We found that households with a smaller number of family members, those who moved from outside the local housing market, those headed by an unmarried household head, and those with plans to own a house in the near future tend to select rental housing with fixed rental terms. Younger and/or lower income households derived the greatest benefit from the revised law in the form of lower rents. © 2009 Nova Science Publishers, Inc. All rights reserved.
-
JOURNAL OF ECONOMIC LITERATURE 47(3) 847-848 2009年9月 招待有り
-
KUMQRP(Keio University Market Quality Research Project) Discussion Paper Series (A 21st Century Center of Excellence Program) 11 1-25 2007年
-
日本不動産学会誌 70号 「設立20周年特集号」 日本不動産学会 18(3) 43-48 2004年 招待有りThe purpose of this paper is to overview the topics in real estate sciences in general and then survey the major academic researches related to economics which appeared in "The Japanese Journal of Real Estate Sciences" in the past ten years.
-
KUMQRP (Keio University Market Quality Research Project)Discussion Paper Series (A 21st Century Center of Excellence Project) DP2003(18) 2004年
書籍等出版物
36-
Springer: Advances in Japanese Business and Economics 19 2019年5月 (ISBN: 9789811333699, 9789811333682) RefereedClarifies a variety of problems stemming from the uniqueness of Japanese housing systems and related regulations.Shows the post-earthquake changes in earthquake preparedness and risk mitigation activities of households after the Great East Japan Earthquake of 2011. Provides the first rigorous econometric analysis of the Japanese housing sector in the field of applied urban economics that takes full advantage of longitudinal household data.
講演・口頭発表等
95-
MIT Asia Real Estate Initiative Inaugural Symposium 2023年7月31日 招待有り
-
Asian Real Estate Society 2023 Annual Conference 2023年7月14日
Works(作品等)
26共同研究・競争的資金等の研究課題
18-
日本学術振興会 科学研究費助成事業 特別推進研究 2022年4月 - 2027年3月
-
日本学術振興会 科学研究費助成事業 基盤研究(A) 2022年4月 - 2027年3月
-
日本学術振興会 科学研究費助成事業 基盤研究（C） 2022年4月 - 2026年3月
-
日本学術振興会 科学研究費助成事業 基盤研究(C) 2021年4月 - 2026年3月
-
日本学術振興会 科学研究費助成事業 基盤研究(A) 2017年4月 - 2022年3月