| Budget Amount *help |
¥4,940,000 (Direct Cost: ¥3,800,000、Indirect Cost: ¥1,140,000)
Fiscal Year 2014: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2013: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2012: ¥2,730,000 (Direct Cost: ¥2,100,000、Indirect Cost: ¥630,000)
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| Outline of Final Research Achievements |
In Japan, the second-hand housing market is very small and the liquidity of owner-occupied housing is quite low. Many Japanese bequeath housing assets to their heirs and housing assets are a very important role as inheritance properties. But it is ambiguous that their behaviors are based on whether parents willingness or effect of existing housing market in Japan. In this study, I analyze the illiquidity of owner-occupied housing makes the impact on Japanese bequest motives.
As a result, my econometric analysis shows that the illiquidity of owner-occupied housing has a strong effect on Japanese bequest motives.
Previous papers discussed the owner-occupied housing "value" of influence on Japanese bequest motives. This paper provides for Japanese inheritance behavior a new insight, "liquidity" of existing housing in the market.
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