IDEAS home Printed from https://ideas.repec.org/a/pdc/jrnbeh/v13y2017i3p333-346.html
   My bibliography  Save this article

Demographic structure and housing prices: East Asia and Europe

Author

Listed:
  • Zonghie Han

Abstract

The recent booms in the global housing markets have been suspected to be bubbles owing to the weak economic circumstances after the 2008 financial crisis. While the behavioral economics stresses the role of irrational human psychology in the housing market, this study focuses on the demographic factors which can determine the scope of the housing demand. Simple plotting of some demographic categories shows that ages between 15 and 64(working age population) as well as between 40 and 59 have similar trends to the housing price indices in representative countries in Europe and East Asia, UK, France, Germany, China, Japan and Korea.

Suggested Citation

  • Zonghie Han, 2017. "Demographic structure and housing prices: East Asia and Europe," Business and Economic Horizons (BEH), Prague Development Center, vol. 13(3), pages 333-346, July.
  • Handle: RePEc:pdc:jrnbeh:v:13:y:2017:i:3:p:333-346
    as

    Download full text from publisher

    File URL: https://academicpublishingplatforms.com/downloads/pdfs/beh/volume27/201710311422_24_BEH_Vol13_Issue3_2017_Zonghie_Han_Demographic_structure_and_housing_prices_Korea_pp.333-346.pdf
    Download Restriction: no

    File URL: https://academicpublishingplatforms.com/volume.php?journal=BEH&id=3&number=27
    Download Restriction: no

    References listed on IDEAS

    as
    1. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    2. repec:bla:joares:v:6:y:1968:i:2:p:159-178 is not listed on IDEAS
    3. Basu, Sudipta, 1997. "The conservatism principle and the asymmetric timeliness of earnings," Journal of Accounting and Economics, Elsevier, vol. 24(1), pages 3-37, December.
    4. Vo, Xuan Vinh, 2016. "Foreign investors and corporate risk taking behavior in an emerging market," Finance Research Letters, Elsevier, vol. 18(C), pages 273-277.
    5. Christie, Andrew A., 1987. "On cross-sectional analysis in accounting research," Journal of Accounting and Economics, Elsevier, vol. 9(3), pages 231-258, December.
    6. Yuying Xie, 2015. "Confusion over Accounting Conservatism: A Critical Review," Australian Accounting Review, CPA Australia, vol. 25(2), pages 204-216, June.
    7. Francis, Bill & Hasan, Iftekhar & Wu, Qiang, 2013. "The benefits of conservative accounting to shareholders : Evidence from the financial crisis," Research Discussion Papers 8/2013, Bank of Finland.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Working age population; housing price index; demographic cliff; Europe; East Asi;

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

    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:pdc:jrnbeh:v:13:y:2017:i:3:p:333-346. 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: (Jaroslav Holecek). General contact details of provider: http://edirc.repec.org/data/pradecz.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.