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

Author

Listed:
  • 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, Asian Real Estate Society, 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. 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.
    2. 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.
    3. 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.
    4. 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.
    5. Youngsun Kwon, 2002. "Rent-Commuting Cost Function Versus Rent-Distance Function," Journal of Regional Science, Wiley Blackwell, vol. 42(4), pages 773-791.
    6. 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.
    7. Kanemoto, Yoshitsugu, 1997. "The housing question in Japan," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 613-641, November.
    8. 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.
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    More about this item

    Keywords

    Housing; Floor space; Housing standards; Japan;

    JEL classification:

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

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