研究者情報 | 神奈川大学

イワタ　シンイチロウ Iwata Shinichiro 岩田　真一郎所属神奈川大学経済学部経済学科/現代ビジネス学科神奈川大学大学院経済学研究科経済学専攻（公共政策コース）職種教授
言語種別	英語
発行・発表の年月	2015/03
形態種別	学術雑誌
査読	査読あり
標題	Strategic interaction between inter vivos gifts and housing acquisition
執筆形態	共著
掲載誌名	JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES
出版社・発行元	ACADEMIC PRESS INC ELSEVIER SCIENCE
巻・号・頁	35,pp.62-77
著者・共著者	Norifumi Yukutake,Shinichiro Iwata,Takako Idee
概要	This paper models the interdependence of parental inter vivos gifts and children's home purchases when informal care affects decision making. We use data from Japanese households who purchased a detached house in an urban area to test this strategic interaction. Considering both censoring and endogeneity of inter vivos gifts, which are identified by information on formal care, our preferred results demonstrate that inter vivos gifts do not significantly increase the purchase price of housing. Theory suggests that this occurs when informal care tends to be a heavy burden for children. However, subsample analysis of young home buyers indicates that the empirical results are consistent with the literature: children who receive parental gifts tend to purchase a higher-priced dwelling. One potential explanation is that relatively young adult children are less likely to take charge of care obligations, and accordingly, parental gifts are only expected to relax their liquidity constraints.
DOI	10.1016/j.jjie.2014.11.002
ISSN	08891583