Do demographic changes affect house prices?. (December 2019)
- Record Type:
- Journal Article
- Title:
- Do demographic changes affect house prices?. (December 2019)
- Main Title:
- Do demographic changes affect house prices?
- Authors:
- Gevorgyan, Kristine
- Abstract:
- Abstract: The paper tests the idea that major demographic shifts can affect housing prices. We first build an overlapping generation model and analytically solve for the equilibrium price of the asset. The model predicts that economies with a higher fraction of old people in the overall population have lower house prices. We empirically test this hypothesis using data on house prices and demographic variables from the Organization for Economic Co-operation and Development (OECD). We find that if population growth increases by one percentage point, house price growth increases by 1.4 percentage points.
- Is Part Of:
- Journal of demographic economics. Volume 85:Number 4(2019)
- Journal:
- Journal of demographic economics
- Issue:
- Volume 85:Number 4(2019)
- Issue Display:
- Volume 85, Issue 4 (2019)
- Year:
- 2019
- Volume:
- 85
- Issue:
- 4
- Issue Sort Value:
- 2019-0085-0004-0000
- Page Start:
- 305
- Page End:
- 320
- Publication Date:
- 2019-12
- Subjects:
- Aging population, -- demographics, -- house prices
E21, -- E31, -- J11
Demography -- Economic aspects -- Periodicals
Population -- Economic aspects -- Periodicals
304.605 - Journal URLs:
- http://journals.cambridge.org/action/displayJournal?jid=DEM ↗
- DOI:
- 10.1017/dem.2019.9 ↗
- Languages:
- English
- ISSNs:
- 2054-0892
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD Digital Store
- Ingest File:
- 12047.xml