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Health and Home Ownership: Findings for the Case of Japan

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  • Aizawa, Toshiaki

    (Asian Development Bank Institute)

  • Helble, Matthias

    (Asian Development Bank Institute)

Abstract

The research objective of this paper is to test whether health conditions and health behavior are related to home ownership. This question has not yet been examined quantitatively in the existing literature. Our estimation results show that homeowners consistently report better health and less physical problems. The significance of home ownership remains even after controlling for financial assets and housing conditions. Furthermore, our estimations indicate that homeowners invest more in their future health by undergoing voluntarily medical screenings more frequently. Finally, our estimations suggest that home ownership is positively correlated with health care expenditure even when controlling for income, debt, and other financial assets and we could not reject the exogeneity of home ownership. Our empirical results thus provide evidence for the importance of home ownership for health.

Suggested Citation

  • Aizawa, Toshiaki & Helble, Matthias, 2015. "Health and Home Ownership: Findings for the Case of Japan," ADBI Working Papers 525, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0525
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    References listed on IDEAS

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    Cited by:

    1. Raslan Alzuabi & Sarah Brown & Daniel Gray & Mark N Harris & Christopher Spencer, 2022. "Household saving, health, and healthcare utilization in Japan [Stature, obesity, and portfolio choice]," Oxford Economic Papers, Oxford University Press, vol. 74(2), pages 473-497.
    2. Aizawa, Toshiaki & Helble, Matthias, 2016. "Determinants of Tenure Choice in Japan: What Makes You a Homeowner?," ADBI Working Papers 625, Asian Development Bank Institute.
    3. Peter Huber & Josef Montag, 2020. "Homeownership, Political Participation, and Social Capital in Post‐Communist Countries and Western Europe," Kyklos, Wiley Blackwell, vol. 73(1), pages 96-119, February.

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    More about this item

    Keywords

    health; home ownership; housing conditions; grossman model; medical expenditures;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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