The Economic Studies Quarterly Vol.42(No.2) 155-163 1991年 査読有り
This paper develops and estimates a model of Japanese aggregate homeownership rates using annual data for 1958-78 to study the determinants of owner-occupancy rates as well as the effect of inflation on housing tenure choice.<br>We construct the relative prices of owned and rented housing based on the Japanese system.<br>The estimated results suggest that the capital market is imperfect and also that changes in the Japanese aggregate homeownership rates after 1958 are greatly influenced by demographic and social factors.
Springer: Advances in Japanese Business and Economics 19 2019年5月 (ISBN: 9789811333699, 9789811333682) Refereed
Clarifies 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.