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Effective Rental Housing Demand in the Tokyo Metropolitan Region

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  • Piyush Tiwari
  • Hiroshi Hasegawa

Abstract

This paper reports on the estimation of housing demand for tenants in Tokyo Metropolitan Region using household level data for 1993. The results indicate that the rental housing demand is inelastic with respect to permanent income and price, with coefficients as 0.31 and †0.093 respectively. Other important variables, which determine housing demand for tenants are length of stay and type of household. Larger households demand more housing. However, keeping the size of household constant, households with elderly members have higher demand for housing. The only exception to the rule is households formed with members not belonging to same nucleus family demand less housing.

Suggested Citation

  • Piyush Tiwari & Hiroshi Hasegawa, 2000. "Effective Rental Housing Demand in the Tokyo Metropolitan Region," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 12(1), pages 54-73, March.
    • Handle: RePEc:bla:revurb:v:12:y:2000:i:1:p:54-73
    DOI: 10.1111/1467-940X.00021
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