English, Article, Journal or magazine article edition: Housing Demand in Germany and Japan Axel Börsch-Supan; Florian Heiss; Miki Seko

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Bookmark: http://trove.nla.gov.au/version/43794
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Housing Demand in Germany and Japan
Author
  • Axel Börsch-Supan
  • Florian Heiss
  • Miki Seko
Physical Description
  • preprint
Notes
  • Housing Demand in Germany and Japan Paper in memoriam of Stephen Mayo
  • RePEc:xrs:meawpa:02008
  • National housing markets differ in many aspects, making cross-national studies a fascinating subject. This article sheds light on housing demand in Germany and Japan. The primary task undertaken is to separate cross-national differences in the structure of housing demand by differing preferences and differing socioeconomic characteristics, exploiting the available cross-country variation in survey data from both countries. This study features the application of a mixed logit model that allows for a flexible substitution pattern among unobservable characteristics. This is an important feature in a comparison between countries since so many cultural and policy differences are impossible to model precisely.
  • RePEc:mea:meawpa:02008
Language
  • English
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