Housing Markets in the United States and Japan
Housing Markets in the United States and Japan
复制标题
美国和日本的房地产市场
DOI：
10.7208/chicago/9780226590202.001.0001
复制
发表时间：
1994
期刊：
影响因子：
--
通讯作者：
J. Poterba
中科院分区：
文献类型：
--
作者：
Yukio Noguchi;J. Poterba
尽管日本和美国是世界领先的经济体，但他们的财富转化为生活水平的方式存在显著差异。仔细比较住房市场，不仅可以看出这两个国家的生活水平有何不同，而且还能揭示出储蓄模式及其对财富积累的影响。在这一卷中，十篇文章讨论了房价的演变，房地产市场和个人储蓄，住房金融，通勤，以及公共政策对房地产市场的影响。研究显示，这两个国家的住房投资存在惊人的差异。例如，由于日本的首付比美国高得多，相对于美国同行，日本人倾向于推迟购房。在美国，房屋净值信贷的出现可能总体上减少了私人储蓄。这本书是对日本和美国房地产市场的第一次比较，它的发现阐明了房地产市场对生产率增长、商业投资和贸易的影响。
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.