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Housing Demand in Germany and Japan - Paper in memoriam of Stephen Mayo

Author

Listed:
  • Börsch-Supan, Axel

    (Sonderforschungsbereich 504)

  • Heiss, Florian

    (Mannheim Research Institute for the Economics of Aging)

  • Seko, Miki

    (Keio University)

Abstract

National housing markets differ in many aspects, making cross-national studies a fascinating subject. This article sheds light on housing demand in Germany and Japan. The primary task undertaken is to separate cross-national differences in the structure of housing demand by differing preferences and differing socioeconomic characteristics, exploiting the available cross-country variation in survey data from both countries. This study features the application of a mixed logit model that allows for a flexible substitution pattern among unobservable characteristics. This is an important feature in a comparison between countries since so many cultural and policy differences are impossible to model precisely.

Suggested Citation

  • Börsch-Supan, Axel & Heiss, Florian & Seko, Miki, 2002. "Housing Demand in Germany and Japan - Paper in memoriam of Stephen Mayo," Sonderforschungsbereich 504 Publications 02-21, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    • Handle: RePEc:xrs:sfbmaa:02-21
    Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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    Cited by:

    1. Grunert, Ruth, 2003. "Sind Haushalte mit Wohneigentum sparsamer als Mieterhaushalte?," IWH Discussion Papers 171/2003, Halle Institute for Economic Research (IWH).
    2. Boehm, Thomas P. & Schlottmann, Alan M., 2014. "The dynamics of housing tenure choice: Lessons from Germany and the United States," Journal of Housing Economics, Elsevier, vol. 25(C), pages 1-19.

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