Document Type : Scientific-Research
Authors
1 islamic azad university of iran
2 university of tabriz
Abstract
The increasing longevity is one of the reasons for the aging population around the world. Therefore, it is necessary to study it’s economic effects. Accordingly, the purpose of this study is to study the effect of longevity on house price in Iran with an emphasis on the life cycle hypothesis (LCH) during the first quarter of 2001 to fourth quarter of 2021 by using Johansen-Juselius method. The research results indicate that, longevity has a significant positive impact on house price and also, life cycle hypothesis (LCH) is confirmed. given the significant positive impact of longevity on house price, it is recommended that policy makers, along with increasing economic welfare and increasing longevity, adjust the policies of the housing supply side in such a way as to avoid increasing housing prices in the market. The increasing longevity is one of the reasons for the aging population around the world. Therefore, it is necessary to study it’s economic effects. Accordingly, the purpose of this study is to study the effect of longevity on house price in Iran with an emphasis on the life cycle hypothesis (LCH) during the first quarter of 2001 to fourth quarter of 2021 by using Johansen-Juselius method. The research results indicate that, longevity has a significant positive impact on house price and also, life cycle hypothesis (LCH) is confirmed. given the significant positive impact of longevity on house price, it is recommended that policy makers, along with increasing economic welfare and increasing longevity, adjust the policies of the housing supply side in such a way as to avoid increasing housing prices in the market.
Keywords
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