The Impact of Population Aging o nReal-estate Price : An empirical application at the provincial level in China

Abstract: Many previous studies have shown that the aging population correlates with housing prices. Studies in Japan, Korea and Scotland have shown different results. The results that disagree with each other may be due to the differences of each sample. The differences include cultural diversity, population size and wealth gaps. To find more about the correlations of housing prices with population aging. This study picks China as an example, gathers data on China between the years 2004 to tear 2019, then applies economic methods such as OLG to figure out the correlations between these two factors. China has a large data size and cultural diversity, which will be a good example to test the hypothesis in this study. By data analysis, the study shows a result of significantly less than 1% which indicates the aging population and house prices do have positive correlations. In other words, the aging of a country does increase the house price. These results are based on fixed effects tests.