Demographics, human capital, and the demand for housing

Eichholtz, Piet; Lindenthal, Thies

doi:10.1016/j.jhe.2014.06.002

Cited by 73 publications

(50 citation statements)

References 16 publications

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“…From 1998 to 2010, the sales of commodity houses increased by 19.67% annually, while the annual growth rate fell to 5.92% from 2011 to 2018. is may be related to the decline in the share of working-age people from 2011 (shown in Figure 1(a)). From the perspective of human capital, working-age households, who have more housing desire and better affordability, tend to have greater housing consumption [2]. As people aged 45-59 retire gradually, people aged 0-14 step into working age .…”

Section: Nationwide Demographic Trends and Housingmentioning

confidence: 99%

“…High education levels would increase a household's housing consumption [2]. Green and Hendershottb [14] used census data of 1980 and found that in 1980, the willingness to pay for a constant-quality house was about 50% lower for households in 70-year-olds than for those in 50-year-olds, owing to the surge in education after World War II.…”

Section: Education Structurementioning

confidence: 99%

“…Demographic changes lead to very heterogeneous demand responses for different housing attributes [1,2]. According to the World Demographic Trends (https://www.un.org/zh/ development/population/conclusions.shtml) reported by the UN Secretary-General, the global demographic trends by 2050 are as follows: ageing due to prolonged life, continued urbanization, declining fertility, and shrinking household size.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

What are the Effects of Demographic Structures on Housing Consumption?: Evidence from 31 Provinces in China

Jin

Xiao

Gao

2020

Mathematical Problems in Engineering

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Housing is closely related to population. The world’s demographics have been changing greatly, like ageing, urbanization, and shrinking household. This paper takes China as the research object to study the effects of demographics on housing consumption. Demographics were considered from three aspects: natural structure, regional structure, and social structure. Based on Life Cycle Theory and Permanent Income Hypothesis, the models on housing consumption were constructed. Results show that demographic structures are important factors affecting housing consumption: (i) child-age dependency ratio (CDR), education level, and family size negatively affect housing consumption, while urbanization rate and old-age dependency ratio (ODR) have positive effects; (ii) CDR positively affects housing consumption through deposit and the indirect effect of ODR on housing consumption through deposit is negative; (iii) the influence of demographics on housing consumption is heterogeneous in different regions. It is relatively close between the central and the west to some extent but quite different in the east.

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Section: Nationwide Demographic Trends and Housingmentioning

confidence: 99%

Section: Education Structurementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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What are the Effects of Demographic Structures on Housing Consumption?: Evidence from 31 Provinces in China

Jin

Xiao

Gao

2020

Mathematical Problems in Engineering

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“…Population growth plays a key role in the development of future housing needs (Vinuesa, 2008). Population ageing and its effects are explicitly perceived and considered in the dynamics of the housing market, in whose demand human capital constitutes a decisive factor (Eichholtz & Lindenthal, 2014). In many cases, the prolonged stay of the elderly in their own homes due to rising life expectancy means that their descendants satisfy their accommodation needs in alternative housing.…”

Section: Housing and Fertilitymentioning

confidence: 99%

Interrelation between births and the housing market: A cointegration analysis for the Spanish case

Fernández

Llorente-Marrón

Méndez-Rodrı́guez

2018

Population Space and Place

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There are numerous studies that have analysed the demographic effects on the demand for housing. In addition, different studies have examined how housing market conditions affect family formation. This paper analyses the causal relations between the housing cycle and fertility in Spain during the period 1986-2014. Employing a model of the dynamic interrelationship between the housing cycle and fertility, this paper investigates how changes in housing supply affect decisions to have children, and how these decisions, in turn, have an effect on the housing market. The theoretical approach considers housing as an important associated cost of raising children, considering the latter as normal goods. The empirical evidence is obtained via the specification of an error correction model that allows short-and long-term adjustments in the variables. The domino effect of the long term on the short term is evaluated. The model thus obtained detects a long-term equilibrium between the two series, a cointegrating equation.

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“…Повышение уровня образованности населения и качества жизни оказывают позитивное влияние на покупательскую способность населения (Eichholtz, Lindenthal, 2014). И хорошим вариантом первой покупки собственного жилья является квартира-студия небольшой площади.…”

Section: предпосылки строительства малогабаритных квартирunclassified

Перспективные Форматы Жилья Эконом-Класса

Мухаметова¹

2015

Russian Journal of Entrepreneurship

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В статье рассматриваются вопросы создания доступного жилья для широкой категории граждан. По результатам исследования определено, что важнейшим фактором, определяющим возможность приобретения собственного жилья, является его стоимость. И одним из путей её снижения является строительство сбалансированных по объемно-планировочным решениям квартир. Предложенные выводы будут востребованы такими участниками рынка недвижимости как застройщики и проектные учреждения.

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Demographics, human capital, and the demand for housing

Cited by 73 publications

References 16 publications

What are the Effects of Demographic Structures on Housing Consumption?: Evidence from 31 Provinces in China

What are the Effects of Demographic Structures on Housing Consumption?: Evidence from 31 Provinces in China

Interrelation between births and the housing market: A cointegration analysis for the Spanish case

Перспективные Форматы Жилья Эконом-Класса

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