Residential land use with demographic dynamics of young and old generations
Populations of many countries are expected to decrease rapidly, with a simultaneous increase in the proportion of elderly people. These population dynamics will affect residential location patterns of young and old people because of their different preferences for local (zonal) amenities. Using an overlapping generations model in a closed city with two zones, this paper demonstrates how younger and older generations reside in the two zones and classifies the residential patterns into three patterns. Results of analyses underscore how the three residential patterns arise according to the respective population dynamics and zone amenities. Furthermore, by exploring the equilibrium utility paths of young and old people for each residential pattern, we show that the change in the population dynamics can produce an unfair change over generations with different birthdates.
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
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.:
- Ikeda, Kiyohiro & Akamatsu, Takashi & Kono, Tatsuhito, 2012. "Spatial period-doubling agglomeration of a core–periphery model with a system of cities," Journal of Economic Dynamics and Control, Elsevier, vol. 36(5), pages 754-778.
- Richard J. Arnott, 1978.
"A Simple Urban Growth Model with Durable Housing,"
284, Queen's University, Department of Economics.
- Wheaton, William C., 1982. "Urban spatial development with durable but replaceable capital," Journal of Urban Economics, Elsevier, vol. 12(1), pages 53-67, July.
- Hardman, Anna M. & Ioannides, Yannis M., 1995. "Moving behavior and the housing market," Regional Science and Urban Economics, Elsevier, vol. 25(1), pages 21-39, February.
- Wheaton, William C., 1982. "Urban residential growth under perfect foresight," Journal of Urban Economics, Elsevier, vol. 12(1), pages 1-21, July.
- Barro, Robert J, 1974.
"Are Government Bonds Net Wealth?,"
Journal of Political Economy,
University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
- Braid, Ralph M., 1991. "Residential spatial growth with perfect foresight and multiple income groups," Journal of Urban Economics, Elsevier, vol. 30(3), pages 385-407, November.
- Braid, Ralph M., 2001. "Spatial Growth and Redevelopment with Perfect Foresight and Durable Housing," Journal of Urban Economics, Elsevier, vol. 49(3), pages 425-452, May.
- Englund, Peter, 1986. "Transaction costs, capital-gains taxes, and housing demand," Journal of Urban Economics, Elsevier, vol. 20(3), pages 274-290, November.
- Brueckner, Jan K., 1980. "A vintage model of urban growth," Journal of Urban Economics, Elsevier, vol. 8(3), pages 389-402, November.
- Brueckner, Jan K., 1981. "A dynamic model of housing production," Journal of Urban Economics, Elsevier, vol. 10(1), pages 1-14, July.
- Fujita, Masahisa, 1982. "Spatial patterns of residential development," Journal of Urban Economics, Elsevier, vol. 12(1), pages 22-52, July.
- Brueckner, Jan K. & Pereira, Alfredo M., 1997. "Housing wealth and the economy's adjustment to unanticipated shocks," Regional Science and Urban Economics, Elsevier, vol. 27(4-5), pages 497-513, August.
- Anas, Alex, 1978. "Dynamics of urban residential growth," Journal of Urban Economics, Elsevier, vol. 5(1), pages 66-87, January.
- Kiyoshi Yonemoto, 2007. "Endogenous determination of historical amenities and the residential location choice," The Annals of Regional Science, Springer, vol. 41(4), pages 967-993, December.
When requesting a correction, please mention this item's handle: RePEc:eee:jhouse:v:21:y:2012:i:4:p:283-295. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.