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Residential land use with demographic dynamics of young and old generations

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  • Kono, Tatsuhito
  • Kotoku, Toshiaki
  • Otazawa, Toshimori

Abstract

Populations of many countries are expected to decrease rapidly, with a simultaneous increase in the proportion of elderly people. These population dynamics will affect residential location patterns of young and old people because of their different preferences for local (zonal) amenities. Using an overlapping generations model in a closed city with two zones, this paper demonstrates how younger and older generations reside in the two zones and classifies the residential patterns into three patterns. Results of analyses underscore how the three residential patterns arise according to the respective population dynamics and zone amenities. Furthermore, by exploring the equilibrium utility paths of young and old people for each residential pattern, we show that the change in the population dynamics can produce an unfair change over generations with different birthdates.

Suggested Citation

  • Kono, Tatsuhito & Kotoku, Toshiaki & Otazawa, Toshimori, 2012. "Residential land use with demographic dynamics of young and old generations," Journal of Housing Economics, Elsevier, vol. 21(4), pages 283-295.
    • Handle: RePEc:eee:jhouse:v:21:y:2012:i:4:p:283-295
    DOI: 10.1016/j.jhe.2012.09.002
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    Cited by:

    1. Masatomo Suzuki & Yasushi Asami, 2019. "Shrinking metropolitan area: Costly homeownership and slow spatial shrinkage," Urban Studies, Urban Studies Journal Limited, vol. 56(6), pages 1113-1128, May.
    2. Kono, Tatsuhito & Tsutaki, Keisuke, 2023. "Residential Land Use and Utilities of Multiple Generations with Lifespan Perspectives and Demographic Dynamics," MPRA Paper 117595, University Library of Munich, Germany.

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    More about this item

    Keywords

    Aging population; Demographic dynamics; Urban land use;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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