Public housing provision and housing vacancies in Japan

Xu, Hangtian; Zhou, Yiming

doi:10.1016/j.jjie.2019.101038

Cited by 9 publications

(11 citation statements)

References 22 publications

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“…Third, public housing and other local welfare policies may have influenced residential choices (Fiva 2009, Tach and Emory 2017). As Xu and Zhou (2019) discuss, the public housing units in Japan's large cities were largely built before 1980. Since then, the aim has been to maintain existing buildings.…”

Section: Estimation Resultsmentioning

confidence: 99%

“…Since then, the aim has been to maintain existing buildings. Because the public housing vacancy rates in Tokyo and Osaka have always been low and the economic composition of tenants has been stable over time (Xu and Zhou 2019), the maintenance of public housing cannot explain central city population growth since the 1990s.…”

Section: Estimation Resultsmentioning

confidence: 99%

“…All regressions control for municipality and year fixed effects and control for the interactions between period dummies (D[1986-95] and D[1996-2003] Third, public housing and other local welfare policies may have influenced residential choices (Fiva 2009, Tach andEmory 2017). As Xu and Zhou (2019) discuss, the public housing units in Japan's large cities were largely built before 1980. Since then, the aim has been to maintain existing buildings.…”

Section: Notesmentioning

confidence: 99%

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Commercial‐to‐residential land‐use conversion and residential recentralization in large cities

Xu¹

2022

Canadian J of Economics

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I examine the long‐term impact of a real estate bubble on the land‐use patterns of Tokyo and Osaka from 1980 to 2003 and find that fluctuations in land prices reflected changing demand for commercial land relative to that for residential land, which, in turn, affected housing supply and residential location choices. During the real estate bubble, land developers favored commercial over residential development because the perceived productive value of commercial land increased sharply. Thus, daytime population in central cities increased and residential population fell. During the economic downturn, however, the demand for commercial space fell, houses were favored by land developers and residents were recentralized. My causal estimates show that the commercial‐to‐residential land‐use conversion can explain approximately 9% to 16% of the housing starts after the bubble burst in Tokyo and Osaka, and their populations would have been reduced by 2% to 3% otherwise. The effect is more prominent in their central business districts. My findings provide a novel explanation for the recent changes in central neighbourhoods.

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Section: Estimation Resultsmentioning

confidence: 99%

Section: Estimation Resultsmentioning

confidence: 99%

Section: Notesmentioning

confidence: 99%

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Commercial‐to‐residential land‐use conversion and residential recentralization in large cities

Xu¹

2022

Canadian J of Economics

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“…2 The second strand of the literature to which this paper relates is the effects of public housing on immigrants' location choice (see, among others, Verdugo, 2016). In many European and Asian countries, the public housing sector remains a key component of the housing market (Scanlon et al, 2014;Battiston et al, 2014;Chen et al, 2013;Chiu, 2013;Xu and Zhou, 2019) and recent European studies have shown that the concentration of immigrants in public housing has influenced their spatial segregation (Quillian and Lagrange, 2016;Verdugo and Toma, 2018;Musterd and Deurloo, 1997). Our results are consistent with many qualitative studies that have described the discrimination of ethnic minorities by public housing programs across Europe.…”

Section: Introductionmentioning

confidence: 99%

Do elections affect immigration? Evidence from French municipalities

Schmutz

Verdugo

2023

Journal of Public Economics

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“…One pillar of the Japanese government's housing policy during the postwar period (together with subsidized housing loans) was the provision of public housing, largely to the low-and middleincome and the elderly. However, the construction of public housing has largely been curtailed since the 1990s, and this may have contributed to the increase in housing purchases in recent years (see, for example, Xu and Zhou (2019)).…”

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confidence: 99%

Was the expansion of housing credit in Japan good or bad?

Horioka

Niimi

2020

Japan and the World Economy

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This paper shows, using data from the Family Income and Expenditure Survey, that housing credit has become increasingly available over time in Japan, especially since 2000, and that this has made it easier for Japanese households to purchase housing and enabled them to do so at an earlier age. However, it also shows that the greater availability of housing credit has increased households' housing loan repayment burden, which has resulted in their cutting back on their other consumption expenditures and created the potential for retirement insecurity. Another concern is that the increasing availability of housing credit has been accompanied by a pronounced shift from fixed-rate to variablerate housing loans. This is cause for concern given the low level of financial literacy that prevails among the Japanese population and the likelihood that interest rates on variablerate housing loans will be raised sooner or later as monetary policy is tightened.

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Public housing provision and housing vacancies in Japan

Cited by 9 publications

References 22 publications

Commercial‐to‐residential land‐use conversion and residential recentralization in large cities

Commercial‐to‐residential land‐use conversion and residential recentralization in large cities

Do elections affect immigration? Evidence from French municipalities

Was the expansion of housing credit in Japan good or bad?

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