International Real Estate Review

IF 0.4 Q4 ECONOMICS
Fathali Firoozi, Abolhassan Jalilvand, D. Lien, Mikiko Oliver
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引用次数: 0

Abstract

Population aging and its economic impact have been receiving increasing attention in many countries around the world. This study offers an analysis of the impact of aging on the housing prices in Singapore relative to the U.S. as the benchmark. The study uses semiannual series over the period of 1998 to 2019 with the age subgroups organized in 5-year intervals. The literature contains conflicting arguments on the impacts of aging on housing prices. Based on observations made for Singapore and the U.S., this study supports the arguments that the elderly part of a population has a damping effect on housing prices. A novel behavioral divergence between Singapore and the U.S. emerges when the analysis focuses on the impact of the finer age subgroups on housing prices in the two countries. The “turning age”, which is defined as the approximate cut-off age when the impact of aging on housing prices turns from positive to negative, is approximately 55 years old in Singapore and 60 years old in the U.S.
《国际房地产评论》
人口老龄化及其对经济的影响越来越受到世界各国的关注。本研究以美国为基准,分析老龄化对新加坡房价的影响。该研究使用了1998年至2019年期间的半年系列数据,每隔5年进行一次年龄分组。关于老龄化对房价的影响,文献中包含了相互矛盾的论点。基于对新加坡和美国的观察,这项研究支持了老年人口对房价有抑制作用的论点。当分析的重点放在更细的年龄分组对两国房价的影响时,新加坡和美国之间出现了一种新的行为差异。“转折年龄”是指老龄化对房价的影响由正向负转变的近似截止年龄,新加坡约为55岁,美国约为60岁
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来源期刊
CiteScore
0.80
自引率
14.30%
发文量
10
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