03857nam 2200661Ia 450 991082123410332120200520144314.01-281-22387-597866112238780-226-59020-810.7208/9780226590202(CKB)1000000000398439(EBL)408314(OCoLC)212765329(SSID)ssj0000173359(PQKBManifestationID)11922819(PQKBTitleCode)TC0000173359(PQKBWorkID)10164811(PQKB)11473264(MiAaPQ)EBC408314(DE-B1597)535817(OCoLC)824143774(DE-B1597)9780226590202(Au-PeEL)EBL408314(CaPaEBR)ebr10216912(CaONFJC)MIL122387(EXLCZ)99100000000039843919931203d1994 uy 0engurnn#---|u||utxtccrHousing markets in the United States and Japan /edited by Yukio Noguchi and James M. Poterba1st ed.Chicago University of Chicago Press19941 online resource (280 p.)A National Bureau of Economic Research conference report"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.0-226-59015-1 Includes bibliographical references and indexes.Front matter --Contents --Acknowledgments --Introduction --1. Land Prices and House Prices in Japan --2. Land Prices and House Prices in the United States --3. Housing Finance in Japan --4. Housing Finance in the United States --5. Housing and the Journey to Work in the Tokyo Metropolitan Area --6. Housing and the Journey to Work in U.S. Cities --7. Housing and Saving in Japan --8. Housing and Saving in the United States --9. Public Policy and Housing in Japan --10. Public Policy and Housing in the United States --Contributors --Author Index --Subject IndexAlthough 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.Conference report (National Bureau of Economic Research)HousingJapanCongressesHousingUnited StatesCongressesHousingHousing381/.4569/080952Noguchi Yukio1940-1631194Poterba James M123221MiAaPQMiAaPQMiAaPQBOOK9910821234103321Housing markets in the United States and Japan3969886UNINA