Does an economically active population matter in housing prices?

Changkyu Choi and Hojin Jung

Applied Economics Letters, 2017, vol. 24, issue 15, 1061-1064

Abstract: This article 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 cycles.

Date: 2017
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DOI: 10.1080/13504851.2016.1251547

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