KEIO RESEARCHERS INFORMATION SYSTEM

Academic Background 【 Display / hide 】

Academic Background 【 Display / hide 】

• 2014.04

  -

  2018.03

  Keio University, Faculty of Business and Commerce

  University, Graduated

• 2018.04

  -

  2020.03

  Keio University, Graduate School of Economics

  Graduate School, Completed, Master's course

• 2020.04

  -

  2023.03

  Keio University, Graduate School of Economics

  Graduate School, Withdrawal after completion of doctoral course requirements

Academic Degrees 【 Display / hide 】

Academic Degrees 【 Display / hide 】

• Master of Arts in Economics [M.A.(Economics)], Keio University, Coursework, 2020.03

Research Areas 【 Display / hide 】

Research Areas 【 Display / hide 】

• Humanities & Social Sciences / Economic policy (Urban Economics)

Research Keywords 【 Display / hide 】

Research Keywords 【 Display / hide 】

• Urban Economics

• International Trade

Papers 【 Display / hide 】

Papers 【 Display / hide 】

• Impact of the 2011 earthquake on the real estate market in Tokyo

  Naoto Mikawa

  Japan and the World Economy (Elsevier)  73 2025.03

  Research paper (scientific journal), Single Work, Lead author, Corresponding author, Accepted,  ISSN  09221425

  　View Summary

  After the 2011 Great East Japan Earthquake, seismic activity in Japan changed drastically, affecting people's response to earthquakes even outside the affected area. This change may be heterogeneous depending on where they live, especially if the area is prone to seismic hazards. To measure seismic hazards, the nature of the ground on which a building stands was used as a source of people's assessment of disaster. Using real estate transaction data and the hedonic approach, this study investigates the heterogeneous impact of the Great East Japan Earthquake on the real estate market in undamaged areas. The analysis of ground classification revealed that the Great East Japan Earthquake led to about 3 % reduction in both land prices and housing prices in the lowland areas in the Tokyo Special Zone, where ground was soft and experienced stronger shaking compared with other areas. The reduction lasted for 5 years before recovering to the pre-disaster level. However, the 2016 Kumamoto Earthquake did not impact land prices in the Tokyo Special Zone.

  • Access to Document (DOI)

• 相続税制改正が賃貸住宅市場へ与えた影響の分析

  Naoto Mikawa, Shohei Yasuda, Norifumi Yukutake

  The quarterly journal of housing and land economics (Housing Research and Advancement Foundation of Japan)  131   27 - 35 2024.01

  Joint Work, Lead author, Corresponding author

• Does inheritance taxation reform promote to build inexpensive rental housing?

  Mikawa N., Yasuda S., Yukutake N.

  Journal of the Japanese and International Economies (Journal of the Japanese and International Economies)  68 2023.06

  Research paper (scientific journal), Joint Work, Lead author, Corresponding author, Accepted,  ISSN  08891583

  　View Summary

  The inheritance taxation reform of 2015 in Japan substantially increased the amount of tax levied on large inheritances. This potentially served as a good incentive for people to build inexpensive low-rise apartments for tax savings, which increased the number of low-cost apartments. Therefore, this study investigates the effect of inheritance taxation reform on housing rents. Using the difference-in-differences method, we reveal that the inheritance taxation reform decreased the housing rents of wooden or light steel-framed apartments by 1.3%. Moreover, our results indicate that while the rental of slightly older housings belonging to the treatment group decreased, the rental of new housing belonging to the treatment group did not change.

  • Access to Document (DOI)

Reviews, Commentaries, etc. 【 Display / hide 】

Reviews, Commentaries, etc. 【 Display / hide 】

• 地震リスクと地価の関係

  Naoto Mikawa

  The quarterly journal of housing and land economics (Housing Research and Advancement Foundation of Japan)  116   32 - 35 2020.04

  Book review, literature introduction, etc., Single Work, Corresponding author

Courses Taught 【 Display / hide 】

Courses Taught 【 Display / hide 】

• GENERAL EDUCATION SEMINAR

  2025

• GENERAL EDUCATION SEMINAR

  2024

• GENERAL EDUCATION SEMINAR B

  2023

• GENERAL EDUCATION SEMINAR A

  2023

Memberships in Academic Societies 【 Display / hide 】

Memberships in Academic Societies 【 Display / hide 】

• The Japan Society of International Economics , 

  2023.07

  -

  Present

• Applied Regional Science Conference, 

  2021.08

  -

  Present

• Japanese Economic Association, 

  2021.05

  -

  Present