Economic Analysis Of Housing Policy In Japan

Author : Keiko Nosse Hirono
Publisher : Springer Nature
Page : 127 pages
File Size : 47,6 Mb
Release : 2022-10-26
Category : Business & Economics
ISBN : 9789811949258

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Economic Analysis of Housing Policy in Japan by Keiko Nosse Hirono Pdf

This book analyzes housing policy in terms of the quality of housing, theoretically and empirically. The analysis is prompted by the Japanese government’s success in increasing the volume of housing through interest rate policy, as is shown by Vector Autoregession (VAR) analysis in this book; consequently, the focus of housing policy in Japan is now the quality of housing. This is the first book to analyze and propose housing monetary policy and housing subsidy policy to improve the quality of housing, which increase the number of houses that are barrier-free and earthquake resistant. This book is also the first to focus on appropriate valuation of housing using hedonic price function and the quality of houses. Using the method of valuation developed and proposed in this book, market clearing prices of houses can be calculated without analytical and theoretical error. Toward this end, the disclosure of information – the offer prices and attributes – of houses is proposed as a housing policy. In addition, in this research the author has developed a method to estimate the hedonic price index and rent index using the quality of houses for the first time in Japan. With hedonic price and rent functions, the author shows the extent to which differences in home ownership investment are caused by differences in information about the property. This finding shows the need to explore an appropriate method of valuation of houses. The propositions of this book can help companies benefit from the use of the hedonic housing valuation and hedonic price and rent indexes.

Author : Yosuke Hirayama,Richard Ronald
Publisher : Routledge
Page : 232 pages
File Size : 50,8 Mb
Release : 2006-11-24
Category : Architecture
ISBN : 9781134176298

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Housing and Social Transition in Japan by Yosuke Hirayama,Richard Ronald Pdf

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.

Author : Yasushi Asami
Publisher : Springer Nature
Page : 295 pages
File Size : 46,5 Mb
Release : 2024-06-30
Category : Electronic
ISBN : 9789819980277

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Studies in Housing and Urban Analysis in Japan by Yasushi Asami Pdf

Author : Yosuke Hirayama,Misa Izuhara
Publisher : Routledge
Page : 286 pages
File Size : 55,6 Mb
Release : 2018-01-19
Category : Architecture
ISBN : 9781351619455

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Housing in Post-Growth Society by Yosuke Hirayama,Misa Izuhara Pdf

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.

Author : Miki Seko
Publisher : Springer
Page : 290 pages
File Size : 44,9 Mb
Release : 2019-05-08
Category : Business & Economics
ISBN : 9789811333699

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Housing Markets and Household Behavior in Japan by Miki Seko Pdf

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.

Author : Yukio Noguchi,James M. Poterba
Publisher : University of Chicago Press
Page : 280 pages
File Size : 50,9 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226590202

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Housing Markets in the United States and Japan by Yukio Noguchi,James M. Poterba Pdf

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.

Author : Gary Dymski,Dorene Isenberg
Publisher : Routledge
Page : 390 pages
File Size : 53,6 Mb
Release : 2018-10-24
Category : Business & Economics
ISBN : 9781315499710

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Seeking Shelter on the Pacific Rim by Gary Dymski,Dorene Isenberg Pdf

This innovative book analyzes the changes that financial globalization is bringing about in the housing and home-finance markets of the United States, Japan, and South Korea, with special attention to the circumstances of women in obtaining housing, credit, and personal security. The book's focus on changes in the residential and housing finance markets serves as a window for an integrated examination of how the liberalization of national financial markets has affected the relationship among all players in each of the three economies - government, markets, and individual citizens. Through this examination Housing Finance Futures develops a new critical response to economic globalization based on a groundbreaking concept, the social efficiency of policy and market shifts.

Author : Bertrand Renaud,Kyung-Hwan Kim,Man Cho
Publisher : John Wiley & Sons
Page : 350 pages
File Size : 52,9 Mb
Release : 2016-04-18
Category : Business & Economics
ISBN : 9780470672662

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Dynamics of Housing in East Asia by Bertrand Renaud,Kyung-Hwan Kim,Man Cho Pdf

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.

Author : Belinda Yuen,Emily Soh
Publisher : Springer
Page : 107 pages
File Size : 54,8 Mb
Release : 2016-09-12
Category : Social Science
ISBN : 9783319447544

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Housing for Older People in Singapore: An Annotated Bibliography by Belinda Yuen,Emily Soh Pdf

This bibliography offers valuable annotated references on housing for older population for those interested in these initiatives and discussions. It begins with an overview piece on the state of policy, practice and research on housing for the older population in Singapore. This is followed by an annotated bibliography featuring published and unpublished work, spanning recent decades, pertaining to housing for the older population with emphasis on Singapore. It encompasses theoretical and empirical research reported in journal articles and book chapters as well as grey literature, like dissertations and theses, conference proceedings, working papers and newspaper articles. The bibliography also contains additional citations covering global studies, in particular, in Asia, North America and UK. It is hoped that this bibliographic material will serve as a useful starting reference point for discussions on housing of older people in Singapore and also for key developments in other parts of the world. The goal is to encourage additional scholarship.

Author : Josh Ryan-Collins,Toby Lloyd,Laurie Macfarlane
Publisher : Zed Books Ltd.
Page : 214 pages
File Size : 42,7 Mb
Release : 2017-02-28
Category : Business & Economics
ISBN : 9781786991218

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Rethinking the Economics of Land and Housing by Josh Ryan-Collins,Toby Lloyd,Laurie Macfarlane Pdf

Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.

Author : Olivia Mitchell,Annamaria Lusardi
Publisher : Oxford University Press, USA
Page : 305 pages
File Size : 42,9 Mb
Release : 2020-10-08
Category : Business & Economics
ISBN : 9780198867524

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Remaking Retirement by Olivia Mitchell,Annamaria Lusardi Pdf

Around the world, people nearing and entering retirement are holding ever-greater levels of debt. This volume explores key aspects of the rise in debt across older cohorts, drills down into the types of debt and reasons for debt incurred, and reviews policies to remedy some of the financial problems facing older persons, in the US and elsewhere.

Author : Richard Groves
Publisher : Routledge
Page : 269 pages
File Size : 45,8 Mb
Release : 2016-04-29
Category : Social Science
ISBN : 9781317121022

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Housing and the New Welfare State by Richard Groves Pdf

The changing nature and significance of housing provision within welfare states is considered in this timely book. With housing playing an increasingly important role in welfare provision, the new welfare state emerging in different parts of the world is being developed in the context of individual asset accumulation and the private ownership of housing. Housing and the New Welfare State shows that housing is becoming critical to asset-based welfare not only in Western Europe but also in the six East Asian housing systems that are a major focus of the book. Chapters by leading East Asian scholars provide analysis of housing policies in Singapore, Hong Kong, Korea, Japan, China and Taiwan. Also examined are the 'four worlds' of welfare and housing; the causes and consequences of the shift from tenants to home owners in the old welfare states of Britain and other parts of Western Europe; and the growth of the property-owning welfare state as a theme running through contemporary policy in both East Asia and Europe.

Author : OECD
Publisher : OECD Publishing
Page : 196 pages
File Size : 50,8 Mb
Release : 2001-12-04
Category : Electronic
ISBN : 9789264196209

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OECD Economic Surveys: Japan 2001 by OECD Pdf

This 2001 edition of OECD's periodic survey of the Japanese economy examines recent economic developments, policies and prospects and includes a special feature on health care reform as well as an annex on bad loans in the banking sector.

Author : Shinji Yamashige
Publisher : Springer
Page : 229 pages
File Size : 48,6 Mb
Release : 2017-11-06
Category : Political Science
ISBN : 9784431559092

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Economic Analysis of Families and Society by Shinji Yamashige Pdf

This book, based on economics and game theory, analyzes the changes that Japan is now facing as a reflection of changes in Japanese families and society. The author presents a simple framework for the structural relationship among markets, communities including families, and the state; and uses it to explain the changes that have occurred in Japanese society. Social changes have created a series of social problems such as population ageing, poverty, and regional disparities, which require changes in public policies. The book provides readers with rich information about the Japanese social security system, social policies and regional policies by explaining why they are developed, how they are designed, and what challenges they face. Readers will find that the transformation of Japanese society is not really a special case but a fairly common one that many developed countries have experienced and many developing countries are going to experience. The book will be useful not only to those who are interested in Japanese society and public policies but also to anyone who is interested in the transformations of families, communities, and roles of the state in a modern market economy.

Author : Tomoko Kubo,Yoshimichi Yui
Publisher : Springer
Page : 0 pages
File Size : 46,6 Mb
Release : 2020-08-15
Category : Science
ISBN : 981137922X

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The Rise in Vacant Housing in Post-growth Japan by Tomoko Kubo,Yoshimichi Yui Pdf

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.