decisions, and the tax system in the United States and Japan. To investigate this issue, we first document the stylized fact … rate is shown to contribute to a higher aggregate saving rate in Japan compared to the U.S. However, the contribution of … Japan. Finally, tax reform concerning the tax deductibility of mortgage interest payments or the tax exempt status of …

widely-circulated real estate advertising magazine. A data set compiled from "properties for investment" lists both asking … investment" data set, a subset of the first, contains only those units in the same buildings after a one-year interval. In this … investment in the last four years were actually rather modest. The data sets for "housing for sale" and "housing for rent …