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Targeted Standards for Floor Space in a Government Housing Plan: an Empirical Investigation of the Kanto Area in Japan

Author

Listed:
  • Mototsugu Fukushige

    (Graduate School of Economics, Osaka University, 1-7, Machikaneyama-cho, Toyonaka, Osaka, 560-0043, Japan)

  • Noriko Ishikawa

    (Faculty of Economics, Konan University, 8-9-1, Okamoto, Higashi-Nada-ku, Kobe, 685-8501, Japan)

Abstract

We estimate a demand function for household floor space in the Kanto area in Japan by using a survey questionnaire, and conduct calibrations to investigate whether effective demand is consistent with the prescribed targeted or minimum floor space in Japan¡¦s Basic Act for Housing. The results indicate that one- and two-person families can afford relatively large houses, but many three-person families with lower incomes and most four- and five-person families cannot afford housing that meets the Act¡¦s targeted housing standards. This result implies that further subsidies are needed to achieve the Act's targets.

Suggested Citation

  • Mototsugu Fukushige & Noriko Ishikawa, 2013. "Targeted Standards for Floor Space in a Government Housing Plan: an Empirical Investigation of the Kanto Area in Japan," International Real Estate Review, Global Social Science Institute, vol. 16(2), pages 208-229.
    • Handle: RePEc:ire:issued:v:16:n:02:2013:p:208-229
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Housing; Floor space; Housing standards; Japan;
    All these keywords.

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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