年龄,人口统计和住房需求,再访

Richard K. Green, Hyojung Lee
{"title":"年龄,人口统计和住房需求,再访","authors":"Richard K. Green, Hyojung Lee","doi":"10.2139/ssrn.2614638","DOIUrl":null,"url":null,"abstract":"The United States is aging, and many baby boomers are reaching or will soon reach theretirement age of sixty-five. On the other hand, the Millennials, the largest generation in the U.S.history, has faced the problems of high rents relative to incomes and volatility in housing market.Given the shifts, we are again seeing growing debates about how these changes in age structurewill affect housing and labor markets.To address these concerns, we revisit Green and Hendershott (1996) and analyze the linksbetween the willingness to pay for a constant-quality house and demographics using the Census2000 and 2005-2011 American Community Survey 1-Year Public Use Microdata Sample data.The results generally reconfirm what Green and Hendershott (1996) found: The massivedemographic shift will not result in another housing crisis. This is because the educational andincome levels of the current and future seniors are relatively higher than before, leading them toconsume more than previous generations. Also, the size of the Millennial generation will drivethe growth of aggregate housing demand, although the growth of per household housing demandmay be relatively modest.","PeriodicalId":12014,"journal":{"name":"ERN: Microeconometric Studies of Housing Markets (Topic)","volume":"2 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2015-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"30","resultStr":"{\"title\":\"Age, Demographics, and the Demand for Housing, Revisited\",\"authors\":\"Richard K. Green, Hyojung Lee\",\"doi\":\"10.2139/ssrn.2614638\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The United States is aging, and many baby boomers are reaching or will soon reach theretirement age of sixty-five. On the other hand, the Millennials, the largest generation in the U.S.history, has faced the problems of high rents relative to incomes and volatility in housing market.Given the shifts, we are again seeing growing debates about how these changes in age structurewill affect housing and labor markets.To address these concerns, we revisit Green and Hendershott (1996) and analyze the linksbetween the willingness to pay for a constant-quality house and demographics using the Census2000 and 2005-2011 American Community Survey 1-Year Public Use Microdata Sample data.The results generally reconfirm what Green and Hendershott (1996) found: The massivedemographic shift will not result in another housing crisis. This is because the educational andincome levels of the current and future seniors are relatively higher than before, leading them toconsume more than previous generations. Also, the size of the Millennial generation will drivethe growth of aggregate housing demand, although the growth of per household housing demandmay be relatively modest.\",\"PeriodicalId\":12014,\"journal\":{\"name\":\"ERN: Microeconometric Studies of Housing Markets (Topic)\",\"volume\":\"2 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-06-04\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"30\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: Microeconometric Studies of Housing Markets (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2614638\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Microeconometric Studies of Housing Markets (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2614638","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 30

摘要

美国正在老龄化,许多婴儿潮时期出生的人已经达到或即将达到65岁的退休年龄。另一方面,千禧一代是美国历史上人数最多的一代,他们面临着与收入相关的高租金和房地产市场波动的问题。考虑到这些变化,我们再次看到越来越多的关于年龄结构变化将如何影响住房和劳动力市场的辩论。为了解决这些问题,我们回顾了Green和Hendershott(1996),并使用2000年人口普查和2005-2011年美国社区调查1年公共使用微数据样本数据分析了购买质量稳定的房子的意愿与人口统计学之间的联系。研究结果基本上再次证实了Green和Hendershott(1996)的发现:大规模的人口变化不会导致另一场住房危机。这是因为当前和未来老年人的教育水平和收入水平相对较高,导致他们比前几代人消费更多。此外,千禧一代的规模将推动住房总需求的增长,尽管每户住房需求的增长可能相对温和。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
Age, Demographics, and the Demand for Housing, Revisited
The United States is aging, and many baby boomers are reaching or will soon reach theretirement age of sixty-five. On the other hand, the Millennials, the largest generation in the U.S.history, has faced the problems of high rents relative to incomes and volatility in housing market.Given the shifts, we are again seeing growing debates about how these changes in age structurewill affect housing and labor markets.To address these concerns, we revisit Green and Hendershott (1996) and analyze the linksbetween the willingness to pay for a constant-quality house and demographics using the Census2000 and 2005-2011 American Community Survey 1-Year Public Use Microdata Sample data.The results generally reconfirm what Green and Hendershott (1996) found: The massivedemographic shift will not result in another housing crisis. This is because the educational andincome levels of the current and future seniors are relatively higher than before, leading them toconsume more than previous generations. Also, the size of the Millennial generation will drivethe growth of aggregate housing demand, although the growth of per household housing demandmay be relatively modest.
求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
自引率
0.00%
发文量
0
期刊最新文献
Contract Rescission in the Real Estate Presale Market How Much Does Racial Bias Affect Mortgage Lending? Evidence from Human and Algorithmic Credit Decisions Interpretable Machine Learning for Real Estate Market Analysis Examining the Impact of Home Purchase Restrictions on China's Housing Market Road Rationing Policies and Housing Markets
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1