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2009 Fiscal Year Final Research Report

Dynamic Economic Analysis of Japanese Real Estate Markets considering Regional Differences in the phase of recovering periods

Research Project

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Project/Area Number 19530157
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Economic theory
Research InstitutionKeio University

Principal Investigator

SEKO Miki  Keio University, 経済学部, 教授 (60120490)

Co-Investigator(Kenkyū-buntansha) KURODA Tatsuaki  名古屋大学, 環境学研究科, 教授 (00183319)
SUMITA Kazuto  金沢星稜大学, 経済学部, 准教授 (10350745)
Project Period (FY) 2007 – 2009
Keywordsパネルデータ / 居住形態の選択 / 転居 / 譲渡損失繰越制度 / 借地借家法 / 定期借家 / 地震保険 / 地震リスクの評価
Research Abstract

Younger and/or lower income households derived the greatest benefit from the introduction of the rental housing with fixed rental terms. The implementation of the income tax deduction system linked to capital losses increases owners' mobility. The Rental Act depresses renters' mobility. Earthquake risk has a significant impact on the overall quality of life in Japanese prefectures. The uniform community rating in earthquake insurance policy in Japan may unintentionally cross-subsidize inhabitants in high risk areas at the expense of inhabitants in low risk areas. Homeowners and/or renters alter their subjective assessments of earthquake risks after massive earthquakes.

  • Research Products

    (25 results)

All 2010 2009 2008 2007

All Journal Article (7 results) (of which Peer Reviewed: 5 results) Presentation (10 results) Book (8 results)

  • [Journal Article] Estimating Consumer's Valuation of Earthquake Risk: Evidence from Japanese Housing Markets2010

    • Author(s)
      M. Naoi, M. Seko, K. Sumita
    • Journal Title

      International Real Estate Review 13

      Pages: 117-133

    • Peer Reviewed
  • [Journal Article] Community Rating, Cross Subsidies and Underinsurance:Why So Many Households in Japan Do Not Purchase Earthquake Insurance2010

    • Author(s)
      M. Naoi, M. Seko, K. Sumita
    • Journal Title

      Journal of Real Estate Finance and Economics 40

      Pages: 544-561

    • Peer Reviewed
  • [Journal Article] Accelerating Japan's Economic Growth: Resolving Japan's Growth Controversy by F. Gerald Adams, Lawrence R. Klein, Yuzo Kumasaka and Akihiko Shinozaki2009

    • Author(s)
      M. Seko, Book Review
    • Journal Title

      Journal of Economic Literature 47

      Pages: 847-848

  • [Journal Article] Earthquake risk and housing prices in Japan: Evidence before and after massive earthquakes2009

    • Author(s)
      Michio Naoi, Miki Seko, Kazuto Sumita
    • Journal Title

      Regional Science and Urban Economics 39

      Pages: 658-669

    • Peer Reviewed
  • [Journal Article] estoration after the Sumatra Earthquake Tsunami in Banda Aceh: Based on the Results of Interdisciplinary Researches by Nagoya University2007

    • Author(s)
      Kuroda, T., et. al.
    • Journal Title

      Science 29

      Pages: 56-61

  • [Journal Article] Earthquakes and the Quality of Life in Japan2007

    • Author(s)
      Michio Naoi, Kazuto Sumita, Miki Seko
    • Journal Title

      ournal of Property Research 24(4)

      Pages: 313-334

    • Peer Reviewed
  • [Journal Article] Japanese Housing Tenure Choice and Welfare Implications After the Revision of the Tenant Protection Law2007

    • Author(s)
      Miki Seko, Kazuto Sumita
    • Journal Title

      Journal of Real Estate Finance and Economics 35

      Pages: 357-383

    • Peer Reviewed
  • [Presentation] Fixed Term Contracts versus Open-ended Contracts in the Japanese Rental Housing Market2010

    • Author(s)
      Miki Seko, Kazuto Sumita
    • Organizer
      AREUEA Annual Meeting
    • Place of Presentation
      Hilton Atlanta, Atlanta, USA
    • Year and Date
      2010-01-04
  • [Presentation] Heterogeneities, Tax Competition, and Emergence of Core-Periphery2009

    • Author(s)
      Tatsuaki Kuroda
    • Organizer
      The 3rd Japan-China Joint Seminar on Applied Regional Science
    • Place of Presentation
      Kyoto
    • Year and Date
      20091003-20091004
  • [Presentation] Fixed Term Contracts versus Open-ended Contracts in Japanese Rental Housing Markets2008

    • Author(s)
      Kazuto Sumita, Miki Seko
    • Organizer
      The 13t h Asian Real Estate Society Annual Conference
    • Place of Presentation
      Hyatt on the Bund Shanghai, China
    • Year and Date
      2008-07-15
  • [Presentation] Why So Many Households in Japan Do Not Purchase Earthquake Insurance?2008

    • Author(s)
      Miki Seko, Michio Naoi, Kazuto Sumita
    • Organizer
      Asia-Pacific Real Estate Research Symposium (APRES)
    • Place of Presentation
      Tsinghua university, Beijing, China
    • Year and Date
      2008-07-10
  • [Presentation] Earthquakes, Insurance Market and the Quality of Life in Japan2008

    • Author(s)
      Kazuto Sumita, Michio Naoi, Miki Seko
    • Organizer
      The American Real Estate and Urban Economics Association (AREUEA)
    • Place of Presentation
      Ceylan InterContinental Istanbul, Turkey
    • Year and Date
      2008-07-05
  • [Presentation] Effects of Earthquake Occurrence Probability on Housing Prices in Japan: Estimation of the Earthquake Risk Premium2008

    • Author(s)
      Miki Seko, Michio Naoi, Kazuto Sumita
    • Organizer
      The Macroeconomics, Real Estate, and Public Policy Workshop
    • Place of Presentation
      Koc University, Istanbul, Turkey
    • Year and Date
      2008-07-02
  • [Presentation] Earthquakes and the Quality of Life in Japan2008

    • Author(s)
      Miki Seko, Michio Naoi, Kazuto Sumita
    • Organizer
      AREUEA 2008 Annual Conference (Allied Social Science Association)
    • Place of Presentation
      Sheraton / Napoleon A3 in New Orleans, USA
    • Year and Date
      2008-01-05
  • [Presentation] Muth meets Tiebout under Agglomeration Economy: when "compact city" emerges?2007

    • Author(s)
      Tatsuaki Kuroda
    • Organizer
      Applied Regional Science Conference, Peking Seminar
    • Place of Presentation
      University of Peking, China
    • Year and Date
      2007-10-20
  • [Presentation] Effects of Earthquake Occurrence Probability on Housing Prices in Japan: Estimation of the Earthquake Risk Premium2007

    • Author(s)
      Michio Naoi, Kazuto Sumita
    • Organizer
      12th Asian Real Estate Society annual conference
    • Place of Presentation
      Macau Tower, China
    • Year and Date
      2007-07-12
  • [Presentation] Earthquakes and the Quality of Life in Japan2007

    • Author(s)
      Michio Naoi, Miki Seko, Kazuto Sumita
    • Organizer
      the 14th Annual Conference of European Real Estate Society
    • Place of Presentation
      City University, London, England
    • Year and Date
      2007-06-29
  • [Book] Nova Science Publishers, “Does Introducing Income Tax Deduction System Linked to Capital Losses Increase Homeowner's Mobility in Japan?"in Warren, Taxation, Tax Policies and Income Taxes2010

    • Author(s)
      M. Seko, K. Sumita, J. Berube, Camron N
    • Total Pages
      214
  • [Book] Nova Science Publishers, “Does Earthquake Risk Influence the Quality of Life in Japan?", Housing: Socioeconomic, Availability, and Development Issues2009

    • Author(s)
      M. Naoi, K. Sumita, M. Seko E. P. Hammond, A. D. Noyes
    • Total Pages
      231
  • [Book] ova Science Publishers, “Does Introducing Rental Housing with Fixed Rental Terms Improve Welfare in Japan?", Welfare Economics2009

    • Author(s)
      M. Seko, K. Sumita, E. Weston, Robert N. Townsend
    • Total Pages
      268
  • [Book] Blackwell, Transforming Housing Finance in Japan in the 21s t Century", 2 Edited by D. B-Shahar, Mortgage Markets Worldwide2008

    • Author(s)
      Miki Seko, C. K. Y. Leung, S. E. Ong
    • Total Pages
      292
  • [Book] 有斐閣, 都市と地域の経済学2008

    • Author(s)
      黒田達朗・田渕隆俊・中村良平
    • Total Pages
      338
  • [Book] 住宅と土地のデータと分析, 統計・データ科学事典2007

    • Author(s)
      瀬古美喜, 杉山高一・藤越康祝・杉浦成昭・国友直人(編)
    • Total Pages
      788
    • Publisher
      朝倉書店
  • [Book] Railway Competition in a Park-and-Ride System, Time and Space in Economics2007

    • Author(s)
      Tatsuaki Kuroda, Asada, T., Ishikawa, T.
    • Total Pages
      314
  • [Book] 不均一分散, 計量経済学ハンドプック2007

    • Author(s)
      隅田和人, 蓑谷千凰彦・縄田和満・和合肇(編)
    • Total Pages
      1048
    • Publisher
      朝倉書店

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Published: 2011-06-18   Modified: 2016-04-21  

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