Targeted Standards for Floor Space in a Government Housing Plan: an Empirical Investigation of the Kanto Area in Japan
AbstractWe estimate a demand function for household floor space in the Kanto area in Japan by using a survey questionnaire, and conduct calibrations to investigate whether effective demand is consistent with the prescribed targeted or minimum floor space in Japan¡¦s Basic Act for Housing. The results indicate that one- and two-person families can afford relatively large houses, but many three-person families with lower incomes and most four- and five-person families cannot afford housing that meets the Act¡¦s targeted housing standards. This result implies that further subsidies are needed to achieve the Act¡¦s targets.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Asian Real Estate Society in its journal International Real Estate Review.
Volume (Year): 16 (2013)
Issue (Month): 2 ()
Contact details of provider:
Postal: Asia Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA
Web page: http://www.asres.org/
Postal: Asian Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA
Find related papers by JEL classification:
- L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ohtake, F. & Shintani, M., 1995.
"The Effects of Demographics on the Japanese Housing Market,"
ISER Discussion Paper
0391, Institute of Social and Economic Research, Osaka University.
- Ohtake, Fumio & Shintani, Mototsugu, 1996. "The effect of demographics on the Japanese housing market," Regional Science and Urban Economics, Elsevier, vol. 26(2), pages 189-201, April.
- Lim, Gill-Chin & Follain, James Jr. & Renaud, Bertrand, 1984. "Economics of residential crowding in developing countries," Journal of Urban Economics, Elsevier, vol. 16(2), pages 173-186, September.
- Youngsun Kwon, 2002. "Rent-Commuting Cost Function Versus Rent-Distance Function," Journal of Regional Science, Wiley Blackwell, vol. 42(4), pages 773-791.
- Richard Ronald & Yosuke Hirayama, 2009. "Home alone: the individualization of young, urban Japanese singles," Environment and Planning A, Pion Ltd, London, vol. 41(12), pages 2836-2854, December.
- Mankiw, N. Gregory & Weil, David N., 1989.
"The baby boom, the baby bust, and the housing market,"
Regional Science and Urban Economics,
Elsevier, vol. 19(2), pages 235-258, May.
- N. Gregory Mankiw & David N. Weil, 1990. "The Baby Boom, The Baby Bust, and the Housing Market," NBER Working Papers 2794, National Bureau of Economic Research, Inc.
- Kanemoto, Yoshitsugu, 1997. "The housing question in Japan," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 613-641, November.
- Seko, Miki, 2002. "Nonlinear budget constraints and estimation: effects of subsidized home loans on floor space decisions in Japan," Journal of Housing Economics, Elsevier, vol. 11(3), pages 280-299, September.
- Miki Seko, 1999. "Property Taxation and the Demand for Floor Space in Japan," International Real Estate Review, Asian Real Estate Society, vol. 2(1), pages 35-48.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (IRER Graduate Assistant/Webmaster).
If references are entirely missing, you can add them using this form.