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Targeted Standards for Floor Space in a Government Housing Plan: an Empirical Investigation of the Kanto Area in Japan

Author

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  • Mototsugu Fukushige

    (Graduate School of Economics, Osaka University, 1-7, Machikaneyama-cho, Toyonaka, Osaka, 560-0043, Japan)

  • Noriko Ishikawa

    (Faculty of Economics, Konan University, 8-9-1, Okamoto, Higashi-Nada-ku, Kobe, 685-8501, Japan)

Abstract

We 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.

Suggested Citation

  • Mototsugu Fukushige & Noriko Ishikawa, 2013. "Targeted Standards for Floor Space in a Government Housing Plan: an Empirical Investigation of the Kanto Area in Japan," International Real Estate Review, Global Social Science Institute, vol. 16(2), pages 208-229.
    • Handle: RePEc:ire:issued:v:16:n:02:2013:p:208-229
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    References listed on IDEAS

    as
    1. Miki Seko, 1999. "Property Taxation and the Demand for Floor Space in Japan," International Real Estate Review, Global Social Science Institute, vol. 2(1), pages 35-48.
    2. 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.
    3. 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.
    4. Youngsun Kwon, 2002. "Rent‐Commuting Cost Function Versus Rent‐Distance Function," Journal of Regional Science, Wiley Blackwell, vol. 42(4), pages 773-791.
    5. 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.
    6. 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.
    7. Kanemoto, Yoshitsugu, 1997. "The housing question in Japan," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 613-641, November.
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    More about this item

    Keywords

    Housing; Floor space; Housing standards; Japan;
    All these keywords.

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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