Housing Price, Permanent Income, Tenure Choice and Housing Demand in Tokyo

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概要

• 論文の詳細を見る

• This paper reports the results on estimation of housing demand for ownership households and tenants in Tokyo using household level data for 1993. The paper estimates a two step model. In the first step a hedonic price function is estimated which is used to construct price index for Tokyo. In the second step, a simultaneous model of tenure choice and housing demand is estimated. The results indicate that the demand for rental housing is inelastic with respect to permanent income and price at 0.26 and -0.33. The demand for owner houses are also inelastic with income as well as prices at 0.37 and -0.37. However, income elasticity is higher for owner houses than it is for rental houses. Other variables that are important in determining housing demand are household size and household type variables.

• 日本地域学会の論文

著者

• TIWARI Piyush

  Institute of Policy and Planning Sciences University of Tsukuba

• TIWARI PIYUSH

  Institute for Housing Research

• TIWARI Piyush

  Institute of Policy and Planning Sciences, University of Tsukuba

関連論文

• Role of Monetary and Fiscal Policies in Residential Investment: An Empirical Analysis of Japanese Data
• Intra-Metropolitan House Price Movements: An Analysis of Stockholm 1981-1993
• Housing Price, Permanent Income, Tenure Choice and Housing Demand in Tokyo

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