| Document Type
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BL
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| Record Number
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972804
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| Doc. No
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b727174
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| Title & Author
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Housing markets in the United States and Japan /\ edited by Yukio Noguchi and James M. Poterba.
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| Publication Statement
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Chicago :: University of Chicago Press,, 1994.
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| Series Statement
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A National Bureau of Economic Research conference report
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| Page. NO
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1 online resource (ix, 267 pages) :: illustrations.
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| ISBN
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0226590208
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: 9780226590202
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0226590151
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9780226590158
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| Notes
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"The research papers collected in this volume were presented at a joint Japan Center for Economic Research (JCER)-National Bureau of Economic Research (NBER) conference in January 1991"--Acknowledgments.
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| Bibliographies/Indexes
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Includes bibliographical references and indexes.
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| Contents
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Land prices and house prices in Japan / Yukio Noguchi -- Land prices and house prices in the United States / Karl E. Case -- Housing finance in Japan / Miki Seko -- Housing finance in the United States / Patric H. Hendershott -- Housing and the journey to work in the Tokyo metropolitan area / Tatsuo Hatta and Toru Ohkawara -- Housing and the journey to work in U.S. cities / Michelle J. White -- Housing and saving in Japan / Toshiaki Tachibanaki -- Housing and saving in the United States / Jonathan Skinner -- Public policy and housing in Japan / Takatoshi Ito -- Public policy and housing in the United States / James M. Poterba.
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| Abstract
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Although Japan and the United States are the world's leading economies, there are significant differences in the ways their wealth is translated into living standards. A careful comparison of housing markets illustrates not only how living standards in the two countries differ, but also reveals much about saving patterns and how they affect wealth accumulation. In this volume, ten essays discuss the evolution of housing prices, housing markets and personal savings, housing finance, commuting, and the impact of public policy on housing markets. The studies reveal surprising differences in housing investment in the two countries. For example, because down payments in Japan are much higher than in the United States, Japanese tend to delay home purchases relative to their American counterparts. In the United States, the advent of home equity credit may have reduced private saving overall. This book is the first comparison of housing markets in Japan and the United States, and its findings illuminate the effects of housing markets on productivity growth, business investment, and trade.
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| Subject
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Housing-- Japan, Congresses.
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Housing-- United States, Congresses.
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BUSINESS ECONOMICS-- Commerce.
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BUSINESS ECONOMICS-- Marketing-- General.
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| Subject
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BUSINESS ECONOMICS-- Sales Selling-- General.
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| Subject
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Housing.
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| Subject
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Japan.
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United States.
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| Dewey Classification
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381/.4569/080952
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| LC Classification
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HD7293.H68 1994eb
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| Added Entry
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Noguchi, Yukio,1940-
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Poterba, James M.
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