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Liquidity Constraints: A Cross-Section Analysis of the Housing Purchase Behavior of Japanese Households

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  • Maki, Atsushi

Abstract

This paper focuses on the existence of liquidity constraints on housing purchases by Japanese households. In order to assess the impact of liquidity constraints, the author analyzes the housing purchase behavior of worker households which rent and in which the household head was under the age of forty-five from the National Survey of Family Income and Expenditure compiled by the Statistics Bureau. Liquidity constraints emerge as the most important factor in determining housing purchase behavior. Copyright 1993 by MIT Press.

Suggested Citation

  • Maki, Atsushi, 1993. "Liquidity Constraints: A Cross-Section Analysis of the Housing Purchase Behavior of Japanese Households," The Review of Economics and Statistics, MIT Press, vol. 75(3), pages 429-437, August.
  • Handle: RePEc:tpr:restat:v:75:y:1993:i:3:p:429-37
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    Cited by:

    1. Moriizumi, Yoko, 2003. "Targeted saving by renters for housing purchase in Japan," Journal of Urban Economics, Elsevier, vol. 53(3), pages 494-509, May.
    2. Tur-Sinai, Aviad & Fleishman, Larisa & Romanov, Dmitri, 2020. "The accuracy of self-reported dwelling valuation," Journal of Housing Economics, Elsevier, vol. 48(C).
    3. Tan, Teck Hong, 2008. "Determinants of homeownership in Malaysia," MPRA Paper 34950, University Library of Munich, Germany.
    4. Bellgardt Egon, 2000. "Wohnkosten und Besitzformwahl. Empirische Ergebnisse der Einkommens- und Verbrauchsstichprobe / Housing Costs and Tenure Choice. Empirical Results from the Einkommens- und Verbrauchsstichprobe," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 220(6), pages 653-668, December.
    5. Tan, Teck Hong, 2008. "Determinants of homeownership in Malaysia," MPRA Paper 34909, University Library of Munich, Germany.

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