A Cohort Analysis of US and Japanese Homeownership Rates
Aggregate data of homeownership rates in the US and Japan, classified by period and by age, are decomposed into age, period, and cohort effects using the Bayesian cohort models which were developed to overcome the identification problem in cohort analysis. The main data-based findings are threefold. First, in both the countries, the age effects are the largest and the period effects are the smallest. Second, US and Japanese age effects are almost identical and consistent with some life cycle theories. Third, cohort effects are larger in the US than in Japan. In particular, the downward trend in the US cohort effects in the case of baby boomers is explained by two hypotheses. Furthermore, some policy implications are provided.
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.
Volume (Year): 8 (2008)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/REUJ20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/REUJ20|
When requesting a correction, please mention this item's handle: RePEc:taf:intjhp:v:8:y:2008:i:3:p:287-301. 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: (Michael McNulty)
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.