Choi, Changkyu / Jung, Hojin
This articel examines the link between the population structure and housing prices. We use a panel of 23 countries from 1976 to 2013 in our empirical analysis. We find statistically significant impacts of the proportion of the economically active population aged 15-64 to the total population on housing-price growth. Our study supports a policy for stable population growth to moderate housing-price growth and economic cylces.
Population structure, economically active population, housing prices, housing-price growth equation, panel data
Choi, C. / Jung, H.: Does an Economically Active Population Matter in Housing Price?, in: Applied Economics Letters, Vol. 24(15) (2017), pp. 1061-1064