An Empirical Analysis on Payments For Senior Assisted Living Facility in Japan

Abstract

This study examines the rent determinants of Senior Assisted Living Facility in Japanese society, application plans to Korean society by variable analysis. We select the subject of the study in Setagaya-Ku, one of 23 districts in Tokyo, Japan, as a microscopic perspective. For using OLS regression, we employ ‘monthly payment per unit area’ for the dependant variable while we classify independent variables as three fields: service characteristics, real estate characteristics, and facility characteristics. We develop three models which perform sequentially adding characteristic groups. Based on the result, we argue that a sufficient review of environmental factor variables such as the degree of provision of nursing services, consideration of the age of occupancy, and convenience due to reverse accessibility will be needed to introduce housing for the elderly in urban Korea. This study will be used as a fundamental research on urban elderly housing that can be supplied to large cities with high population density in Korea.