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The Effects of Housing Wealth on Fertility Decisions: Evidence from Japan

Author

Listed:
  • Noriko Mizutani

    (Institute for Research on Household Economics)

Abstract

This study is an empirical attempt to investigate how household resources affect fertility decisions in Japan. The presented analysis is based on changes in housing wealth as measured by changes in home value during the housing bust period. Using data from the Japanese Panel Survey of Consumers, I show that with an increase (decrease) in home value, homeowners with housing loans are more (less) likely to bear a child. For homeowners without housing loans and renters, however, housing wealth has no significant effect on fertility decisions. Furthermore, the results do not appear to be driven by local macroeconomic factors.

Suggested Citation

  • Noriko Mizutani, 2015. "The Effects of Housing Wealth on Fertility Decisions: Evidence from Japan," Economics Bulletin, AccessEcon, vol. 35(4), pages 2710-2724.
  • Handle: RePEc:ebl:ecbull:eb-15-00029
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    File URL: http://www.accessecon.com/Pubs/EB/2015/Volume35/EB-15-V35-I4-P271.pdf
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    Cited by:

    1. Hong Liu & Lili Liu & Fei Wang, 2023. "Housing wealth and fertility: evidence from China," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(1), pages 359-395, January.
    2. Beatrice D. Simo-Kengne & Lumengo Bonga-Bonga, 2020. "House prices and fertility in South Africa: A spatial econometric analysis," Economics Bulletin, AccessEcon, vol. 40(4), pages 3193-3210.
    3. Daysal, N. Meltem & Lovenheim, Michael & Siersbæk, Nikolaj & Wasser, David N., 2021. "Home prices, fertility, and early-life health outcomes," Journal of Public Economics, Elsevier, vol. 198(C).
    4. Shinichiro Iwata & Michio Naoi, 2017. "The asymmetric housing wealth effect on childbirth," Review of Economics of the Household, Springer, vol. 15(4), pages 1373-1397, December.

    More about this item

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis

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