Housing Markets And Household Behavior In Japan

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Housing Markets and Household Behavior in Japan

Author : Miki Seko
Publisher :
ISBN 13 : 9789811333705
Total Pages : 290 pages
Book Rating : 4.3/5 (337 download)

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Book Synopsis Housing Markets and Household Behavior in Japan by : Miki Seko

Download or read book Housing Markets and Household Behavior in Japan written by Miki Seko and published by . This book was released on 2019 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses essential questions about housing by building theoretical models based on various real world problems in Japan and testing these models using econometric methods. Almost all related empirical analyses use Japanese household longitudinal data. Accordingly, the author analyzes whole aspects of the data, based on an understanding of the actual situation, theory, and empirical analysis, to directly derive a vision of a future housing policy. Why are houses expensive and difficult to obtain in Japan? Why do people have to live in small houses? Why do people not relocate frequently? Why is the earthquake insurance subscription rate so low, particularly in an earthquake-prone country such as Japan, even after such a catastrophic event as the Great East Japan Earthquake of 2011? How do existing housing finance and tax policies or laws relate to these real world problems? To answer these questions, the book clarifies the unique criteria that characterize housing problems in Japan and presents a vision of future housing policy. The short answer is that existing housing finance policy that adopts criteria based on the floor space of houses creates incentives for people to live in even smaller houses. Furthermore, the Japan Rental Act, which affects people renting homes, reduces residential mobility. The incidence of underinsurance against earthquake risk is a result of earthquake insurance market imperfections such as crude and rough geographical risk ratings.

Housing Markets and Household Behavior in Japan

Author : Miki Seko
Publisher : Springer
ISBN 13 : 9811333696
Total Pages : 290 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Housing Markets and Household Behavior in Japan by : Miki Seko

Download or read book Housing Markets and Household Behavior in Japan written by Miki Seko and published by Springer. This book was released on 2019-05-08 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses essential questions about housing by building theoretical models based on various real world problems in Japan and testing these models using econometric methods. Almost all related empirical analyses use Japanese household longitudinal data. Accordingly, the author analyzes whole aspects of the data, based on an understanding of the actual situation, theory, and empirical analysis, to directly derive a vision of a future housing policy. Why are houses expensive and difficult to obtain in Japan? Why do people have to live in small houses? Why do people not relocate frequently? Why is the earthquake insurance subscription rate so low, particularly in an earthquake-prone country such as Japan, even after such a catastrophic event as the Great East Japan Earthquake of 2011? How do existing housing finance and tax policies or laws relate to these real world problems? To answer these questions, the book clarifies the unique criteria that characterize housing problems in Japan and presents a vision of future housing policy. The short answer is that existing housing finance policy that adopts criteria based on the floor space of houses creates incentives for people to live in even smaller houses. Furthermore, the Japan Rental Act, which affects people renting homes, reduces residential mobility. The incidence of underinsurance against earthquake risk is a result of earthquake insurance market imperfections such as crude and rough geographical risk ratings. The book elaborates on these factors in four parts and will be of interest to all readers who are concerned with the housing market and household behavior in Japan.

Housing Markets in the United States and Japan

Author : Yukio Noguchi
Publisher : University of Chicago Press
ISBN 13 : 0226590208
Total Pages : 280 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis Housing Markets in the United States and Japan by : Yukio Noguchi

Download or read book Housing Markets in the United States and Japan written by Yukio Noguchi and published by University of Chicago Press. This book was released on 2007-12-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Japan and the United States are the world's leading economies, there are significant differences in the ways their wealth is translated into living standards. A careful comparison of housing markets illustrates not only how living standards in the two countries differ, but also reveals much about saving patterns and how they affect wealth accumulation. In this volume, ten essays discuss the evolution of housing prices, housing markets and personal savings, housing finance, commuting, and the impact of public policy on housing markets. The studies reveal surprising differences in housing investment in the two countries. For example, because down payments in Japan are much higher than in the United States, Japanese tend to delay home purchases relative to their American counterparts. In the United States, the advent of home equity credit may have reduced private saving overall. This book is the first comparison of housing markets in Japan and the United States, and its findings illuminate the effects of housing markets on productivity growth, business investment, and trade.

Housing and Social Transition in Japan

Author : Yosuke Hirayama
Publisher : Routledge
ISBN 13 : 1134176295
Total Pages : 232 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis Housing and Social Transition in Japan by : Yosuke Hirayama

Download or read book Housing and Social Transition in Japan written by Yosuke Hirayama and published by Routledge. This book was released on 2006-11-24 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bringing together a number of perspectives on the Japanese housing system, Housing and Social Transition in Japan provides a comprehensive, challenging and theoretically developed account of the dynamic role of the housing system during a period of unprecedented social and economic change in one of the most enigmatic social, political, and economic systems of the modern world. While Japan demonstrates many of the characteristics of some western housing and social systems, including mass homeownership and consumption-based lifestyles, extensive economic growth and rapid urban modernization has been achieved in balance with traditional social values and the maintenance of the family system. Helpfully divided into three sections, Housing and Social Transition in Japan: explores the dynamics of the development of the housing system in post-war Japan deals with social issues related to housing in terms of social aging, family relations, gender and inequality addresses the Japanese housing system and social change in relation to comparative and theoretical frameworks. As well as providing challenges and insights for the academic community at large, this book also provides a good introduction to the study of Japan and its housing, economic, social and welfare system generally.

Demographics and the Housing Market: Japan's Disappearing Cities

Author : Yuko Hashimoto
Publisher :
ISBN 13 : 9781513557700
Total Pages : 34 pages
Book Rating : 4.5/5 (577 download)

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Book Synopsis Demographics and the Housing Market: Japan's Disappearing Cities by : Yuko Hashimoto

Download or read book Demographics and the Housing Market: Japan's Disappearing Cities written by Yuko Hashimoto and published by . This book was released on 2020-09-25 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does a shrinking population affect the housing market? In this study, drawing on Japan's experience, we find that there exists an asymmetric relationship between housing prices and population change. Due to the durability of housing structures, the decline in housing prices associated with population losses is estimated to be larger than the rise in prices associated with population increases. Given that population losses have been and are projected to be more acute in rural areas than urban areas in Japan, the on-going demographic transition in Japan could worsen regional disparities, as falling house prices in rural areas could intensify population outflows. Policy measures to promote more even population growth across regions, and avoid the over-supply of houses, are critical to stabilize house prices with a shrinking population.

Japan

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 : 1513529420
Total Pages : 87 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Japan by : International Monetary Fund. Asia and Pacific Dept

Download or read book Japan written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2020-02-10 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper assesses the relationship between demographic trends and housing prices in Japan. Among various issues in the context of regional disparities, the paper focus on regional differences in population dynamics to try and understand to what extent demographic trends have influenced housing market prices in Japan in the past twenty years. Large cities, notably the Greater Tokyo area, are experiencing net migration inflows, while other regions are experiencing net migration outflows. Due to the durability of housing compared to other forms of investment, the magnitude of house price declines associated with population losses is larger than that of house price increases associated with population gains. These model-based predictions are likely to underestimate the actual fall in house prices associated with future population losses, as expectations of lower housing prices in the future could trigger more population outflows and disposal of houses, especially in rural areas. The paper suggests policy measures to help close regional disparities and avoid potential over-investment by taking account of demographic trends for housing supply.

Home and Family in Japan

Author : Richard Ronald
Publisher : Routledge
ISBN 13 : 1136888861
Total Pages : 304 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis Home and Family in Japan by : Richard Ronald

Download or read book Home and Family in Japan written by Richard Ronald and published by Routledge. This book was released on 2017-12-04 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the Japanese language the word ‘ie’ denotes both the materiality of homes and family relations within. The traditional family and family house - often portrayed in ideal terms as key foundations of Japanese culture and society - have been subject to significant changes in recent years. This book comprehensively addresses various aspects of family life and dwelling spaces, exploring how homes, household patterns and kin relations are reacting to contemporary social, economic and urban transformations, and the degree to which traditional patterns of both houses and households are changing. The book contextualises the shift from the hegemonic post-war image of standard family life, to the nuclear family and to a situation now where Japanese homes are more likely to include unmarried singles; childless couples; divorcees; unmarried adult children and elderly relatives either living alone or in nursing homes. It discusses how these new patterns are both reinforcing and challenging typical understandings of Japanese family life.

Housing in Post-Growth Society

Author : Yosuke Hirayama
Publisher : Routledge
ISBN 13 : 1351619454
Total Pages : 286 pages
Book Rating : 4.3/5 (516 download)

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Book Synopsis Housing in Post-Growth Society by : Yosuke Hirayama

Download or read book Housing in Post-Growth Society written by Yosuke Hirayama and published by Routledge. This book was released on 2018-01-19 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a globalising world, many mature economies share post-growth characteristics such as low economic growth, low fertility, declining and ageing of the population and increasing social stratification. Japan stands at the forefront of such social change in the East Asian region as well as in the Global North. It is in this context of ‘post-growth society’ that housing issues are examined, using the experiences of Japan at the leading edge of social transition in the region. The post-war housing system was developed during the golden age of economy and welfare, when upward social trajectories such as increasing population, high-speed economic growth with rising real incomes, housing construction driven by high demands, increasing rates of home ownership supported by generous government subsidies generated new housing opportunities and accompanying issues. As we have entered the post-growth phase of socio-economic development, however, it requires a re-examination of such structure, policy and debates. This volume explores what roles housing plays in the reorganisation and reconstruction of economic processes, social policy development, ideology and identity, and intergenerational relations. The volume offers a greater understanding of the characteristics of post-growth society – changing demography, economy and society – in relation to housing. It considers how a definitive shift to the post-growth period has produced new housing issues including risks as well as opportunities. Through analysis of the impact on five different areas: post-crisis economy, urban and regional variations, young adults and housing pathways, fertility and housing, and ageing and housing wealth, the authors use policy and institutions as overarching analytical tools to examine the contemporary housing issues in a post-growth context. It also considers any relevance from the Japanese experiences in the wider regional and global context. This original book will be of great interest to academics and students as well as policy makers and practitioners internationally in the fields of housing studies, urban studies, social policy, sociology, political economy, comparative analysis, and East Asian Studies.

An Analysis of Female Labor Supply, Housing Demand and the Saving Rate in Japan

Author : Hiroshi Yoshikawa
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis An Analysis of Female Labor Supply, Housing Demand and the Saving Rate in Japan by : Hiroshi Yoshikawa

Download or read book An Analysis of Female Labor Supply, Housing Demand and the Saving Rate in Japan written by Hiroshi Yoshikawa and published by . This book was released on 1988 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Household Consumption in Japan – Role of Income and Asset Developments

Author : Erkki Vihriälä
Publisher : International Monetary Fund
ISBN 13 : 1475573081
Total Pages : 33 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Household Consumption in Japan – Role of Income and Asset Developments by : Erkki Vihriälä

Download or read book Household Consumption in Japan – Role of Income and Asset Developments written by Erkki Vihriälä and published by International Monetary Fund. This book was released on 2017-01-31 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study Japanese household consumption at a disaggregated level focusing on the role of income and asset dynamics. Stagnation of real per capita consumption is widespread acrosslabor market groups, age groups and regions. Consumption-to-income ratios have been mildly increasing due to the rising share of pensioners with significant assets. Evidence therefore suggests that assets have become more important in financing consumption. However, the short-term consumption dynamics remain quite sensitive to income growth but not to asset market movements.

The Rise in Vacant Housing in Post-growth Japan

Author : Tomoko Kubo
Publisher :
ISBN 13 : 9789811379215
Total Pages : 175 pages
Book Rating : 4.3/5 (792 download)

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Book Synopsis The Rise in Vacant Housing in Post-growth Japan by : Tomoko Kubo

Download or read book The Rise in Vacant Housing in Post-growth Japan written by Tomoko Kubo and published by . This book was released on 2020 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how Japanese cities have transformed since the 1950s by describing housing and urban planning policies, urbanization processes, and maps with GIS analysis. It also discusses how housing vacancies have increased in shrinking Japanese cities, with case studies in Tokyo, Kyoto, Hiroshima, and Utsunomiya, and examines public-private partnerships and civil engagement to revitalize cities. Providing examples of how Japanese cities have addressed the issues of aging populations and urban shrinkage, it contributes to better decision-making by politicians, planners, local authorities, NPOs, and local communities in many rapidly urbanizing and potentially aging regions such as Asia. In the era of urban shrinkage, Japanese cities have struggled with aging populations, low fertility, population loss, and a decline in the economic base over decades. In particular, shrinkage in metropolitan suburbs and large cities (e.g., sites of prefectural government with 300 000-400 000 inhabitants) has caused serious social problems owing to the huge aging population and large areas covered. One typical problem that has emerged is an increase in vacancies in now empty and abandoned housing.

Dynamics of Housing in East Asia

Author : Bertrand Renaud
Publisher : John Wiley & Sons
ISBN 13 : 0470672668
Total Pages : 350 pages
Book Rating : 4.4/5 (76 download)

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Book Synopsis Dynamics of Housing in East Asia by : Bertrand Renaud

Download or read book Dynamics of Housing in East Asia written by Bertrand Renaud and published by John Wiley & Sons. This book was released on 2016-04-18 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first to evaluate the organisation, behaviour and performance of six major East Asian real estate markets. It offers a unique analysis of the growth and transformation of the real estate sector across East Asia. The authors examine the interactions between volatility in the sector and the overall stability of the economy, in particular during the Asia financial crisis of 1997-98, and the global financial crisis of 2008-09. draws on the best available theoretical and empirical literature applies analytic tools in the context of East Asian institutions and policies helps understand factors affecting resilience and stability in East Asian real estate markets.

The MIT Encyclopedia of the Japanese Economy

Author : Robert C. Hsu
Publisher : MIT Press
ISBN 13 : 9780262082808
Total Pages : 570 pages
Book Rating : 4.0/5 (828 download)

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Book Synopsis The MIT Encyclopedia of the Japanese Economy by : Robert C. Hsu

Download or read book The MIT Encyclopedia of the Japanese Economy written by Robert C. Hsu and published by MIT Press. This book was released on 1999 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: The MIT Encyclopedia of the Japanese Economy was the first English-language encyclopedia to cover all major aspects of Japan's postwar economy. The second edition has been fully revised and expanded, and includes previously unpublished data as well as coverage of recent developments in the economy. The definitional entries concisely explain major economic concepts and include translations of Japanese economic terms and cross references to the longer topical essays. The 180 topical essays cover banks, financial systems, major industries, corporate groups, management practices, labor unions, international trade and investments, government economic policies, and more. They also include comprehensive statistics, American and Japanese views on economic relations between the two countries, and suggestions for further reading. A new index contains names of major companies.

Seeking Shelter on the Pacific Rim

Author : Gary Dymski
Publisher : M.E. Sharpe
ISBN 13 : 9780765606808
Total Pages : 408 pages
Book Rating : 4.6/5 (68 download)

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Book Synopsis Seeking Shelter on the Pacific Rim by : Gary Dymski

Download or read book Seeking Shelter on the Pacific Rim written by Gary Dymski and published by M.E. Sharpe. This book was released on 2002 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work analyzes the changes that financial globalization is bringing about in the housing and home-finance markets of the USA, Japan and South Korea, with special attention to the gender inequality.

The Microstructures of Housing Markets

Author : Susan J. Smith
Publisher : Routledge
ISBN 13 : 1317968034
Total Pages : 217 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis The Microstructures of Housing Markets by : Susan J. Smith

Download or read book The Microstructures of Housing Markets written by Susan J. Smith and published by Routledge. This book was released on 2013-10-31 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: House prices and mortgage debt have moved to centre stage in the management of national economies, regional development and neighbourhood change. Describing, analysing and understanding how housing markets work within and across these scales of economy and society has never been more urgent. But much more is known about the macro-scales than the microstructures; and about the economic rather than social drivers of housing market dynamics. This book redresses the balance. It shows that housing markets are social, cultural and psychological – as well as economic – affairs. This multidisciplinary approach is helpful in understanding the economic staples of supply, demand, price and information. It also casts new light on the emotional and political economy of markets.

Family Change and Housing in Post-War Japanese Society

Author : Misa Izuhara
Publisher : Routledge
ISBN 13 : 1351937154
Total Pages : 261 pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis Family Change and Housing in Post-War Japanese Society by : Misa Izuhara

Download or read book Family Change and Housing in Post-War Japanese Society written by Misa Izuhara and published by Routledge. This book was released on 2017-03-02 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the experiences of older women in post-war Japanese society through analysis of their family and housing histories. Three broad themes - family relations, welfare systems and housing - were chosen to highlight issues surrounding the changing role and position of women in the family and society. A qualitative approach is used to address a gap in the literature and to illustrate the real-life experiences of women in Japan. Many aspects of the book are comparable, or related, to studies exploring other industrial and East Asian societies and the book thus contributes to international debates surrounding housing policy, the ageing society and the changing nature of the family. It also provides useful insights into and analysis of, Japan’s society and socio-economic system.

Housing, Care and Inheritance

Author : Misa Izuhara
Publisher : Routledge
ISBN 13 : 1134119739
Total Pages : 165 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis Housing, Care and Inheritance by : Misa Izuhara

Download or read book Housing, Care and Inheritance written by Misa Izuhara and published by Routledge. This book was released on 2008-09-30 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing, Care and Inheritance draws on the author’s long-standing research into housing issues surrounding the ageing society, a phenomenon which is now a concern in many mature economies. If an adult child provides care for their elderly parent, should that person be rewarded? If so, should they inherit their parent’s house or a larger share of the assets? The ‘generational contract’ is often influenced by cultural norms, family traditions, social policy and housing market, so it is negotiated differently in different societies and at different times. Such generational contract is however breaking down as a result of socio-economic and demographic changes. Drawn from the two-part study funded by the UK Economic & Social Research Council, Misa Izuhara explores the myth and the changing patterns of the particular exchange of long-term care and housing assets between older parents and their adult children in Britain and Japan. Highly international and comparative in perspectives, this study addresses important sociological as well as policy questions regarding intergenerational relations involving housing wealth, long-term care, and inheritance.