Author(s)

Yuxiao Chen

Corresponding Author

Yuxiao Chen

Abstract

Population aging is a common problem of the world. Population aging has a significant impact on the real estate market. China steps into an aging society in 2000, with a rapid aging rate. China's housing market reform is still short. The long-term influence of aging on house price has not yet fully manifested. This paper uses 833 samples from 1970-2018 in 17 OECD countries such as Japan, USA and UK to empirically test the influence of aging on house price. The result shows that aging has a significant negative impact on house price. The negative effect increase with the deepening of aging. Therefore, people should focus on the negative effect of aging and make active prevention.

Keywords

Population Aging; House Price; Periodic Changes