LEADER 03893nam 2200661Ia 450 001 9910458527403321 005 20210604234638.0 010 $a1-281-22387-5 010 $a9786611223878 010 $a0-226-59020-8 024 7 $a10.7208/9780226590202 035 $a(CKB)1000000000398439 035 $a(EBL)408314 035 $a(OCoLC)212765329 035 $a(SSID)ssj0000173359 035 $a(PQKBManifestationID)11922819 035 $a(PQKBTitleCode)TC0000173359 035 $a(PQKBWorkID)10164811 035 $a(PQKB)11473264 035 $a(MiAaPQ)EBC408314 035 $a(DE-B1597)535817 035 $a(OCoLC)824143774 035 $a(DE-B1597)9780226590202 035 $a(Au-PeEL)EBL408314 035 $a(CaPaEBR)ebr10216912 035 $a(CaONFJC)MIL122387 035 $a(EXLCZ)991000000000398439 100 $a19931203d1994 uy 0 101 0 $aeng 135 $aurnn#---|u||u 181 $ctxt 182 $cc 183 $acr 200 00$aHousing markets in the United States and Japan$b[electronic resource] /$fedited by Yukio Noguchi and James M. Poterba 210 $aChicago $cUniversity of Chicago Press$d1994 215 $a1 online resource (280 p.) 225 1 $aA National Bureau of Economic Research conference report 300 $a"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. 311 0 $a0-226-59015-1 320 $aIncludes bibliographical references and indexes. 327 $tFront matter --$tContents --$tAcknowledgments --$tIntroduction --$t1. Land Prices and House Prices in Japan --$t2. Land Prices and House Prices in the United States --$t3. Housing Finance in Japan --$t4. Housing Finance in the United States --$t5. Housing and the Journey to Work in the Tokyo Metropolitan Area --$t6. Housing and the Journey to Work in U.S. Cities --$t7. Housing and Saving in Japan --$t8. Housing and Saving in the United States --$t9. Public Policy and Housing in Japan --$t10. Public Policy and Housing in the United States --$tContributors --$tAuthor Index --$tSubject Index 330 $aAlthough Japan and the United States are the world's leading economies, there are significant differences in the ways their wealth is translated into living standards. A careful comparison of housing markets illustrates not only how living standards in the two countries differ, but also reveals much about saving patterns and how they affect wealth accumulation. In this volume, ten essays discuss the evolution of housing prices, housing markets and personal savings, housing finance, commuting, and the impact of public policy on housing markets. The studies reveal surprising differences in housing investment in the two countries. For example, because down payments in Japan are much higher than in the United States, Japanese tend to delay home purchases relative to their American counterparts. In the United States, the advent of home equity credit may have reduced private saving overall. This book is the first comparison of housing markets in Japan and the United States, and its findings illuminate the effects of housing markets on productivity growth, business investment, and trade. 410 0$aConference report (National Bureau of Economic Research) 606 $aHousing$zJapan$vCongresses 606 $aHousing$zUnited States$vCongresses 608 $aElectronic books. 615 0$aHousing 615 0$aHousing 676 $a381/.4569/080952 701 $aNoguchi$b Yukio$f1940-$0985922 701 $aPoterba$b James M$0123221 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910458527403321 996 $aHousing markets in the United States and Japan$92253488 997 $aUNINA