Aging and urban house prices
作者： Norbert Hiller , Oliver W. Lerbs
DOI: 10.1016/J.REGSCIURBECO.2016.07.010
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摘要: This paper investigates the long-run relationships between size and age composition of a city’s population price local housing. For estimation purposes, we combine city-level demographic information with hous-ing data for 87 cities in Germany over period 1995-2012. Employing panel error correction framework that accounts evolution city income other controls, find urban house prices perform stronger grow or less rapidly. A combination empirical estimates current projections suggests aging will exert considerable downward pressure on upcoming years.
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