Research Objectives


In Japan's housing market, the mismatch between housing stock and housing needs across generations and regions has become a major problem. Determining whether these mismatches are caused by rational household choices or institutional factors will provide significant insights into the current policy issue related to the effective use of housing stock when the population is declining. Our first objective is to present a unified theoretical framework for analyzing the mismatch issue in the housing market. The second objective is to develop high-quality data that track the same households over a long period of time to examine the long-term decision-making of households from an empirical perspective. Thus, we design, implement, and maintain a panel survey.