IDEAS home Printed from https://ideas.repec.org/a/eee/jhouse/v21y2012i4p283-295.html
   My bibliography  Save this article

Residential land use with demographic dynamics of young and old generations

Author

Listed:
  • Kono, Tatsuhito
  • Kotoku, Toshiaki
  • Otazawa, Toshimori

Abstract

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.

Suggested Citation

  • Kono, Tatsuhito & Kotoku, Toshiaki & Otazawa, Toshimori, 2012. "Residential land use with demographic dynamics of young and old generations," Journal of Housing Economics, Elsevier, vol. 21(4), pages 283-295.
  • Handle: RePEc:eee:jhouse:v:21:y:2012:i:4:p:283-295 DOI: 10.1016/j.jhe.2012.09.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1051137712000654
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Arnott, Richard J., 1980. "A simple urban growth model with durable housing," Regional Science and Urban Economics, Elsevier, pages 53-76.
    2. Englund, Peter, 1986. "Transaction costs, capital-gains taxes, and housing demand," Journal of Urban Economics, Elsevier, pages 274-290.
    3. Wheaton, William C., 1982. "Urban spatial development with durable but replaceable capital," Journal of Urban Economics, Elsevier, pages 53-67.
    4. Barro, Robert J, 1972. "Monopoly and Contrived Depreciation," Journal of Political Economy, University of Chicago Press, vol. 80(3), pages 598-602, May-June.
    5. 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..
    6. Brueckner, Jan K., 1980. "A vintage model of urban growth," Journal of Urban Economics, Elsevier, pages 389-402.
    7. Richard J. Arnott, 1978. "A Simple Urban Growth Model with Durable Housing," Working Papers 284, Queen's University, Department of Economics.
    8. Hardman, Anna M. & Ioannides, Yannis M., 1995. "Moving behavior and the housing market," Regional Science and Urban Economics, Elsevier, pages 21-39.
    9. Braid, Ralph M., 1991. "Residential spatial growth with perfect foresight and multiple income groups," Journal of Urban Economics, Elsevier, pages 385-407.
    10. 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.
    11. Brueckner, Jan K. & Pereira, Alfredo M., 1997. "Housing wealth and the economy's adjustment to unanticipated shocks," Regional Science and Urban Economics, Elsevier, pages 497-513.
    12. Wheaton, William C., 1982. "Urban residential growth under perfect foresight," Journal of Urban Economics, Elsevier, pages 1-21.
    13. Brueckner, Jan K., 1981. "A dynamic model of housing production," Journal of Urban Economics, Elsevier, pages 1-14.
    14. Kiyoshi Yonemoto, 2007. "Endogenous determination of historical amenities and the residential location choice," The Annals of Regional Science, Springer;Western Regional Science Association, pages 967-993.
    15. Anas, Alex, 1978. "Dynamics of urban residential growth," Journal of Urban Economics, Elsevier, pages 66-87.
    16. Braid, Ralph M., 2001. "Spatial Growth and Redevelopment with Perfect Foresight and Durable Housing," Journal of Urban Economics, Elsevier, pages 425-452.
    17. Fujita, Masahisa, 1982. "Spatial patterns of residential development," Journal of Urban Economics, Elsevier, pages 22-52.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Aging population; Demographic dynamics; Urban land use;

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. 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: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/locate/inca/622881 .

    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 CitEc recognized a reference but did not link an item in RePEc 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.