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2014 Fiscal Year Final Research Report

The Illiquidity of Owner-Occupied Housing and Bequest Motives in Japan

Research Project

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Project/Area Number 24618014
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field 土地・住宅・不動産研究
Research InstitutionNagoya 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
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
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.

Free Research Field

中古住宅市場と関連付けた家計行動分析

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Published: 2016-06-03  

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