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Housing Asset-Based Welfare: Past, Present and Future

Research Project

Project/Area Number 16K03616
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic policy
Research InstitutionUniversity of Toyama

Principal Investigator

Iwata Shinichiro  富山大学, 経済学部, 教授 (10334707)

Project Period (FY) 2016-04-01 – 2019-03-31
Project Status Completed (Fiscal Year 2018)
Budget Amount *help
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2018: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2017: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2016: ¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
Keywords高齢者 / 住宅資産 / 遺産動機 / 資産価格 / 消費 / 暗黙的年金契約 / 親子間リバース・モーゲージ / 社会保障 / 持ち家 / 土地資産 / 住宅 / 高齢化
Outline of Final Research Achievements

To prevent financial difficulty in the social security system, the Japanese elderly expect to release their accumulated housing assets for welfare needs. The purpose of this project is to empirically examine whether elderly homeowners leave residential property as a bequest to their children, and in exchange, receive cash to smooth their consumption during retirement. Yet, empirical results suggest that the amount of financial transfers from children are too small even when inheritance propensity increases, accordingly elderly parents can barely increase consumption through an intrafamily financing channel.

Academic Significance and Societal Importance of the Research Achievements

高齢者は住宅を遺産として残す代わりに子から金銭支援を受け取り、消費を維持すると考えられてきた。本研究では、この親子間のリバース・モーゲージは存在するが、金銭支援額が不十分なため、高齢の親が消費を維持するのは難しいことを明らかにした。過疎化・少子化の進行により住宅を遺産として残せない事例が増えると、親子間リバース・モーゲージを通じた高齢者福祉を機能させることはますます困難になると予想される。

Report

(4 results)
  • 2018 Annual Research Report   Final Research Report ( PDF )
  • 2017 Research-status Report
  • 2016 Research-status Report
  • Research Products

    (8 results)

All 2019 2018 2017

All Journal Article (2 results) (of which Open Access: 2 results) Presentation (6 results) (of which Int'l Joint Research: 3 results)

  • [Journal Article] Housing inheritance, financial assistance, and reciprocal interdependence2019

    • Author(s)
      Shinichiro Iwata and Norifumi Yukutake
    • Journal Title

      Working Paper, Faculty of Economics, University of Toyama

      Volume: 321 Pages: 1-23

    • URL

      https://toyama.repo.nii.ac.jp/records/16826

    • Related Report
      2018 Annual Research Report
    • Open Access
  • [Journal Article] Housing assets and consumption among the Japanese elderly2017

    • Author(s)
      Shinichiro Iwata and Norifumi Yukutaka
    • Journal Title

      Working Paper, Faculty of Economics, University of Toyama

      Volume: 308 Pages: 1-37

    • URL

      https://toyama.repo.nii.ac.jp/records/15441

    • Related Report
      2017 Research-status Report
    • Open Access
  • [Presentation] Housing inheritance, financial assistance, and reciprocal interdependence2018

    • Author(s)
      岩田真一郎
    • Organizer
      日本経済学会
    • Related Report
      2018 Annual Research Report
  • [Presentation] Housing inheritance, financial assistance, and reciprocal interdependence2018

    • Author(s)
      岩田真一郎
    • Organizer
      European Network of Housing Research
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Housing inheritance, financial assistance, and reciprocal interdependence2018

    • Author(s)
      岩田真一郎
    • Organizer
      Asian Real Estate Society
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Housing assets and consumption among the Japanese elderly2017

    • Author(s)
      岩田真一郎
    • Organizer
      Asian Real Estate Society
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Housing assets and consumption among the Japanese elderly2017

    • Author(s)
      岩田真一郎
    • Organizer
      日本経済学会
    • Related Report
      2017 Research-status Report
  • [Presentation] Housing inheritance, financial assistance, and a reciprocal interdependence2017

    • Author(s)
      岩田真一郎
    • Organizer
      応用地域学会
    • Related Report
      2017 Research-status Report

URL: 

Published: 2016-04-21   Modified: 2020-03-30  

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