Skip to main content
Article thumbnail
Location of Repository

Housing Demand in Germany and Japan

By Axel Börsch-Supan, Florian Heiss and Miki Seko

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.

OAI identifier:

Suggested articles

Citations

  1. (1987). A Comparative Analysis of Housing Demand in Developing Countries, The World Bank,
  2. (1995). A Dynamic Equilibrium Model of Housing Demand and Mobility with Transactions Costs,”
  3. (2000). An Introduction to Classical Econometric Theory,
  4. (1994). Classical Estimation Methods for LDV Models Using Simulation,” in:
  5. (1987). Econometric Analysis of Discrete Choice. With Applications on the Demand for Housing in the U.S. and West-Germany,
  6. (1990). Estimating Housing Consumption Adjustments from Panel Data,”
  7. (1994). Estimation by Simulation,”
  8. (1999). Forecasting New Product Penetration with Flexible Substitution Patterns,”
  9. (1974). Hedonic Prices and Implicit Markets.
  10. (1982). House Price Booms, Financial Liberalization and Policy Traps: Housing Markets in Germany, Japan and the United States, Manuscript,
  11. (1994). Housing Market Regulations and Housing Market Performance in the United States,
  12. (1992). Housing Problems in Japan, Paper Prepared for the European Meetings of the Regional Science Association,
  13. (1981). Intra-Urban Residential Mobility: The Role of Transactions Costs, Market Imperfections, and Household Disequilibrium. Journal of Urban Economics 9.28 APPENDIX TABLE A1: Full Regression Results for Models 1 and 5 Multinomial Logit Basic Mixed Logit Model 1
  14. (2000). Mixed MNL Models for Discrete Response,”
  15. (2000). Ökonometrische Analyse der Dynamik diskreter Entscheidungen: Wohnungsnachfrage in Deutschland, Master thesis,
  16. (2000). Ökonometrische Analyse der Japanischen Wohnungsnachfrage, Seminar paper,
  17. (1994). Poterba (Eds.)
  18. (1985). Rental Housing Subsidy Programs in West Germany and the United States: A Comparative Program Evaluation; in:
  19. (1993). Smooth Unbiased Multivariate Probability Simulators for Maximum Likelihood Estimation of Limited Dependent Variable Models.
  20. (1985). Tenure Choice and Housing Demand,
  21. (1998). The Housing Decision of Older Households: A Dynamic Analysis,”
  22. (1981). Theory and Estimation in the Economics of Housing Demand,”
  23. (1979). What Have We Learned About Urban Housing Markets?” in:

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.