Housing wealth and consumption among elderly Japanese

Iwata, Shinichiro; Yukutake, Norifumi

doi:10.1080/02673037.2020.1807470

Cited by 5 publications

(3 citation statements)

References 45 publications

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“…In particular, a number of studies have been conducted on parents' attitudes toward housing inheritance. Iwata and Yukutake (2020) confirmed the existence of informal financial markets in which parents may receive cash from their children for their living expenses under the condition that the children inherit the housing assets. Suzuki and Okita (2005) indicate that parents do not always insist on inheritance by their children, because they respect the opinions of their children, who, in some cases, have already purchased a house.…”

Section: Literature Reviewmentioning

confidence: 83%

Attitudes of parents and children toward housing inheritance in a Tokyo suburb

Hino

Mizutani

Asami

et al. 2021

Journal of Asian Architecture and Building Engineering

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In detached housing estates in the suburbs of Tokyo, increasing vacancies in inherited houses have become a problem. This study aimed to assess the risk of vacant house generation and identify risk factors through analyses focusing on parent-child discussions. A questionnaire survey of parents in Koma-Musashidai, Saitama Prefecture, and their children who lived apart regarding their future intentions of inheritance of the parents' houses using cross and logistic regression analyses revealed that 66.5% of the parent-child pairs had had no discussion, 20.5% had different impressions of the results of the discussion, and 7.8% were at high risk of producing vacant houses. Furthermore, the analyses identified the factors associated with parents' intention to bequeath their houses: discussions with their children, old age, high age of the house, lack of proactive measures, anxiety about renting, and stronger community attachment; and the factors associated with children's intention to leave their parents' houses: inadequate discussions with their parents, home ownership, and lack of relationships with neighbors. These results suggest that it could be beneficial to encourage parents and children to participate together in seminars and consult with experts before parents become older to reduce the risk of vacant houses.

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Section: Literature Reviewmentioning

confidence: 83%

Attitudes of parents and children toward housing inheritance in a Tokyo suburb

Hino

Mizutani

Asami

et al. 2021

Journal of Asian Architecture and Building Engineering

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“…Rather than staying on in the household that they established or inherited, where they raised their children and where they would return to at the end of each working day, assetisation of the home allows some to consider retirement as an opportunity to make a change, to start a new life, even to make a new home. Even if most retired householders choose to treat their homes as a matter of belonging, rather than as a belonging, the possibility of appraising one's home as an asset influences people's sense of needing to save against their willingness to spend; in short, it effects consumption (Iwata and Yukutake, 2022).…”

Section: The Financialisaton Of Later Lifementioning

confidence: 99%

Globalisation and the value of Ulrich Beck’s concept of ‘cosmopolitanisation’ in orienting a new sociology of later life

Gilleard,

Higgs

2024

Journal of Global Ageing

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German sociologist Ulrich Beck has described ‘cosmopolitanisation’ as the sociological face of globalisation and has advocated for a cosmopolitan sociology. The turn to the cosmopolitan he suggested involves an epistemic shift within the discipline. It demands a move away from a sociology dominated by methodological nationalism to one whose focus is not so much on the external, ‘out there’ processes of globalisation, but on the internalised global practices reflected within societies. This article employs such a cosmopolitan lens to explore the changing nature of old age/later life. We highlight a number of domains where Beck’s elaboration of cosmopolitanisation may be actualised in later life. These include: (a) the ‘assetisation’ of later life; (b) the transgenerational expansion of information and communications technology; (c) the experience of transnational ageing; (d) the development and promotion of transnational policies for a senior citizenry; and (e) the impact of global climate change. We conclude by noting how Beck’s desire to shift sociology from its traditional base in methodological nationalism to what he termed a more cosmopolitan sociology can apply equally to analysis of the changing character of later life. In seeking to apply and extend Beck’s concept of cosmopolitanisation to the sociological study of later life, we hope to enrich and enliven a new sociology of later life; our article aims to make such a start.

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“…According to Been (2021), these control variables include age, gender, marriage, education (years), Activities of Daily Living score, Center for Epidemiological Studies depression score, children, total income, and social engagement. Furthermore, in recognition of the impact of housing prices on household consumption (Iwata & Yukutake, 2022), this paper controls for municipal average house prices. Table 1 displays the main variables and their coding scheme.…”

Section: Control Variablesmentioning

confidence: 99%

Announcing Effect: Delaying Retirement and Household Consumption Structure

2023

Preprint

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The announcement of the policy of gradually delaying retirement most likely has noteworthy social and economic implications. Although current literature has primarily focused on the macroeconomic effects of postponing retirement, insufficient attention has been devoted to the influence on micro-level household consumption. To bridge this gap, we utilized data from the China Health and Retirement Longitudinal Survey (CHARLS) database and employed the Differences-in-Differences (DID) method to analyze the consequences of announcing a gradual delay in retirement on household consumption structure. The findings suggest that the policy announcement substantially reduced the proportion of expenditures related to enjoyment and development in total household consumption, leading to an overall decline in consumption. Moreover, the effect varied significantly by gender and education level. Specifically, men with less education were more likely to reduce their consumption upon hearing the announcement. The practical implications of these empirical results are pertinent to the flexible implementation of the decision to delay retirement. JEL: I15

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Housing wealth and consumption among elderly Japanese

Cited by 5 publications

References 45 publications

Attitudes of parents and children toward housing inheritance in a Tokyo suburb

Attitudes of parents and children toward housing inheritance in a Tokyo suburb

Globalisation and the value of Ulrich Beck’s concept of ‘cosmopolitanisation’ in orienting a new sociology of later life

Announcing Effect: Delaying Retirement and Household Consumption Structure

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