Piyush Tiwari

Welfare effects of public housing in Tokyo

Abstract The study estimates the compensated demands of households for a particular housing attribute based on nonlinear hedonic nature of housing prices. The methodology is employed to estimate Hicksian benefit measures of a public housing program in Tokyo. The results indicate substantial benefit accruing to households participating in the program.

Effective Rental Housing Demand in the Tokyo Metropolitan Region

This paper reports on the estimation of housing demand for tenants in Tokyo Metropolitan Region using household level data for 1993. The results indicate that the rental housing demand is inelastic with respect to permanent income and price, with coefficients as 0.31 and -0.093 respectively. Other important variables, which determine housing demand for tenants are length of stay and type of household. Larger households demand more housing. However, keeping the size of household constant, households with elderly members have higher demand for housing. The only exception to the rule is households formed with members not belonging to same nucleus family demand less housing.