IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/37387.html
   My bibliography  Save this paper

Fertility and the user cost of home ownership: Evidence from regional panel data

Author

Listed:
  • XXX, Shuya
  • Iwata, Shinichiro

Abstract

Cross-sectional data yield the interesting result that fertility rates and home ownership rates tend to correlate positively, while time-series data suggest an inverse (or no) relationship between them. Although these associations can be explained by observed economic variables, doubt remains as to whether these links are due to the existence of omitted regional and time effects. Thus, controlling for regional-specific fixed effects and nationwide common time effects, this paper tests the link between the user cost of home ownership, which is the purchase price of housing, and total fertility rates. The empirical results, which use a panel of Japanese regional aggregate data, suggest that the impact of user costs on fertility considerably decreased when compared with the pooled OLS regression result without controlling for the above effects, but remained significantly negative. In the Japanese context, the association between the number of children and home ownership seems to be complementary.

Suggested Citation

  • XXX, Shuya & Iwata, Shinichiro, 2012. "Fertility and the user cost of home ownership: Evidence from regional panel data," MPRA Paper 37387, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:37387
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/37387/1/MPRA_paper_37387.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Dettling, Lisa J. & Kearney, Melissa S., 2014. "House prices and birth rates: The impact of the real estate market on the decision to have a baby," Journal of Public Economics, Elsevier, vol. 110(C), pages 82-100.
    2. Hashimoto, Yuki & Kondo, Ayako, 2012. "Long-term effects of labor market conditions on family formation for Japanese youth," Journal of the Japanese and International Economies, Elsevier, vol. 26(1), pages 1-22.
    3. James Feyrer & Bruce Sacerdote & Ariel Dora Stern, 2008. "Will the Stork Return to Europe and Japan? Understanding Fertility within Developed Nations," Journal of Economic Perspectives, American Economic Association, vol. 22(3), pages 3-22, Summer.
    4. Ben-Shahar, Danny, 1998. "On the Optimality of the Hybrid Tenure Mode," Journal of Housing Economics, Elsevier, vol. 7(1), pages 69-92, March.
    5. Bryant,W. Keith & Zick,Cathleen D., 2006. "The Economic Organization of the Household," Cambridge Books, Cambridge University Press, number 9780521805278, March.
    6. George B. Roberts, Chairman, Universities-National Bureau Committee for Economic Research, 1960. "Demographic and Economic Change in Developed Countries," NBER Books, National Bureau of Economic Research, Inc, number univ60-2, January.
    7. Bryant,W. Keith & Zick,Cathleen D., 2006. "The Economic Organization of the Household," Cambridge Books, Cambridge University Press, number 9780521801416, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Fertility; Home ownership; User cost; Panel data;

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:pra:mprapa:37387. 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: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.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.

    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 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.