The Illiquidity of Owner-Occupied Housing and Bequest Motives in Japan
Project/Area Number |
24618014
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Research Category |
Grant-in-Aid for Scientific Research (C)
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Allocation Type | Multi-year Fund |
Section | 一般 |
Research Field |
土地・住宅・不動産研究
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Research Institution | Nagoya Gakuin University |
Principal Investigator |
UEYAMA Hitoe 名古屋学院大学, 経済学部, 准教授 (90295618)
|
Project Period (FY) |
2012-04-01 – 2015-03-31
|
Project Status |
Completed (Fiscal Year 2014)
|
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)
|
Keywords | 遺産動機 / 中古住宅市場 / リバースモーゲージ / 住宅の流動性 / 住宅資産 / 既存住宅 / 中古住宅 / 流動性 / 相続 / 日本 / 家計 |
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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Report
(4 results)
Research Products
(11 results)