• Journal of the Korean association of regional geographers
• /
• v.13 no.6
• /
• pp.651-673
• /
• 2007

In the studies on residential move, there has been tendency of dichotomy where short distance moves are largely caused by housing to adjust to changes in households while long distance moves are induced by shift in labor market. However, some empirical studies have proven that residential move is so complex process that the simple dichotomy should be elaborated. In this sense, the present study seeks to identify compounded course of residential move in Korea. In determining migration history, families with younger householders, renters, householders with higher educational attainment and smaller households show a higher probability to move. In case of mobility, women were more prone to move compared to man. Women compared to man, older age augmented the probability to own a house after migration. Families with householders following an occupation of sales and technical service showed lowest tendency to own houses while it marked the highest in the group of professionals. Higher land price of a region was negatively related to owning houses after migration. The present study revealed that factors in macro level as well as micro level significantly affect the move of individuals with varying effects in accordance with migration history.

• Korea journal of population studies
• /
• v.26 no.1
• /
• pp.171-194
• /
• 2003

The present study investigates the effects of lopsided regional policy and social prejudice on homeownership disparities by household's place of birth of household head in Seoul. The present study utilizes individual household-level census data (2% sample) to evaluate households' residential well-being denoted by homeownership status during the period of 1980-2000. Decomposition techniques based on tenure choice models were used to provide evidences of the home-ownership disparities caused by regional policy and prejudice. We found that households from Gangwon and Honam provinces represent a disproportionately small percentage of homeownership compared with those originated from other provinces. In the statistical analysis, the present study found that having controlled for the factors traditionally thought to influence households' choice of housing tenure, as well as other housing market characteristics in Seoul, place of birth has played a primary role in determining whether or not households become a homeowner. Most strikingly, while most of the disparity in homeownership ratios between households from Youngnam and households from Gangwon in the housing market is due to the endowment differences in human capitals they bring to the market, those between households from Youngnam and households from Honam is largely due to residual differences explained mainly by social discrimination and prejudice against people from Honam. The present study summarized that place of birth has played a primary role in determining whether or not households become a homeowner in Korea. The present study concluded with some policy issues relevant to this study and suggested some future studies.

• Korea Real Estate Review
• /
• v.28 no.3
• /
• pp.7-19
• /
• 2018

Prior studies concerning the analysis of parents' homeownership on its offspring usually focus on the transmission of tenure between two generations. This study adopted a more comprehensive approach on this topic so the effects of parents' homeownership were analyzed through the economic performance of their sons. Korean labor panel data were used to test hypotheses on intergenerational transmission of parents' homeownership. The period covered years 2000 to 2014, consisting of about 862 samples, while many socioeconomic variables were selected through a filtering process. The results of the three hypotheses showed the following consequences. First, parents' homeownership was a meaningful factor in determining their son's housing tenure. Second, parents who are homeowners tended to have more educated sons. Third, parents' homeownership did not affect their son's annual income. This study showed more extensive effects of homeownership, and government strategy must consider this additional benefit in homeownership policies.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.30 no.3D
• /
• pp.313-321
• /
• 2010

This study analysed the characteristics of residential mobility according to the household's life-cycle to observe the housing filtering process in Busan. The questionary subjects were adult 40 and over who inhabited in Busan and surveyed residential career about residential mobility. The analysis result of statistical data and result of questionary reveals similar result every articles, the summaries are as follows : Examining housing where the respondent live presently, apartment dominate absolutely high ratio as housing type and owner-occupation as housing tenure type, and housing size is about 30 pyeong, dwelling period is 6 years to 10 years. Saving and loan hold a large majority to make housing capital, that means, they apply housing finance to getting own housing despite it is impossible with present household's income to have owner-occupation of desired housing. This is different custom ours from foreign's that rent a house. However, as aspect of residential satisfaction, most household recognised that quality is improved, because residential mobility expanded housing size and changed tenure type and showed fairly high satisfaction with their present resident.

• Journal of the Economic Geographical Society of Korea
• /
• v.15 no.4
• /
• pp.534-549
• /
• 2012

This study analyzed the effects of housing wealth on the balance accounts of elderly households with an age of over 60 facing the asset decumulation period, capitalizing upon an ordered logit model for the 2011 household finance survey data. Out of some variables representing personal and social characteristics, the age and waged worker variables had a positive effect, but the number of household, low education level, living in the apartment and capital region variables negatively affected the balance accounts of elderly households. Some variables reflecting economic wealth and financial strategies such as the attitude of risk-taking, ordinary income and the ratio of financial assets had a positive impact, but other variables such as DSR did a negative one on the balance accounts of the elderly households. The ownership of housing wealth variable positively, but the ratio of housing assets variable negatively affected the balance accounts of the elderly households, which could be derived from the duality of housing as both consumption goods and assets. However, the ownership of other real estates and the ratio of them in the total assets variables had a negative impact on the balance accounts of the elderly households. Furthermore, since the financial asset-debt ratio worsened the balance accounts of the elderly households with both housing and other real estates, it is implied that the purchase of real estates with excessive bank loans could make them dangerous.

• Land and Housing Review
• /
• v.3 no.1
• /
• pp.23-32
• /
• 2012

The Schwabe's law explains the housing demand weighs more on demographic factors rather than on socio-economic factors as societies achieve higher level of economic development. Based on Schwabe's law, the present study constructs a hypotheses to analyze changes of housing demand with respect to housing tenure change in Seoul Metropolitan Area (SMA) during the periods of 1980 to 2005. To test the hypotheses, the authors take advantage of the Population and Housing Census 2% data from 1980 to 2005. The authors apply binary probit with decomposition method to verify our hypotheses. The authors found that the influence of socio-economic factors on housing tenure have been weakened in the housing market during the periods of 1980 to 2005. On the other hand, the relative influence of demographic factors have been strengthened in the housing market during the periods. The present study concludes that housing demand in the SMA have been dramatically changed from socio-economic characteristics to demographic factors to decide housing tenure during the periods, which confirms the hypotheses of the present study.

• Proceedings of the KOR-KST Conference
• /
• 1998.10a
• /
• pp.73-82
• /
• 1998

본 연구의 목적은 일주일간 조사된 개인통행행태를 고려한 각 특성별 통행발생예측 방법을 제시하는데 있다. 이를 위하여 일주일간 통행빈도수의 차이를 고려한 집단간 차이를 검정하고, 그 원인을 분석하여 이에 따른 특성별 개인 통행발생예측 모형을 정립하였다. 전체 표본의 각 특성별 개인 내부 변이성을 분석해 본 결과 기간의 차이에 따른 개인 통행행태의 변화는 직업별, 나이별, 성별, 차량소유 유무, 주택소유 형태, 통행목적, 통행수단, 가구원수에 따라 집단간 차이를 보여주었다. 이러한 변수를 이용한 통행발생 예측모형의 분석결과 개인소득이 높을수록, 주책을 자가로 소유한 경우, 자동차를 소유한 경우, 학생일수록, 유직일수록 개인 통행발생량이 많은 것으로 분석되었다. 반면, 아니는 연령대가 높아질수록 통행수가 적어졌다.

• Journal of the Korean housing association
• /
• v.28 no.1
• /
• pp.83-93
• /
• 2017

This research intends to find out the impact of housing wealth of home-owning pre-retirees and older adults consisting of young-old, middle-old and old-old groups on their household consumption. In doing so, this research analyzes 2,350 home-owning households by utilizing the 17th Korean Labour and Income Panel Study (KLIPS). The results show that housing wealth has a statistically significant effect on non-durable consumption of the pre-retirees, and young-old and middle-old groups of older adults, and housing wealth has a much stronger effect on household expenditure than does financial wealth or real estate. It's found that the consumption elasticity is particularly greater for female-headed households living in SMA, residing in apartments, holding a lower debt-to-asset ratio and being a pensioner. The empirical findings imply that the old-old group of older adults is unlikely to actively tap into their housing windfalls since housing asset becomes the last to dispose in the course of an individual's life. As housing wealth effects are especially strong when liquidity constraints faced by older adults are removed, it's of significance to substantially reduce household debt before retirement in order to constantly maintain an adequate level of household consumption or to promptly prepare for future contingencies.

• Journal of the Korean housing association
• /
• v.27 no.6
• /
• pp.95-104
• /
• 2016

The purpose of this research is to compare housing wealth effects of home-owning single income couples (SIC) and dual income couples (DIC) on their non-durable consumption and to assess the effects by location, age groups, housing structure type, debt-to-asset ratio and employment status. Using the Korean Labor and Income Panel Study (KLIPS) of 2014, this empirical study identified 1,198 SIC households and 1,044 DIC households, and employed multiple regression analysis. The main results reveal that the difference of financial portfolios between SIC and DIC households was little but housing wealth effects were stronger among SIC households than DIC counterpart. It's evident that housing wealth effects were conspicuous for SIC and DIC households who were headed by wage earners aged over 40s, and resided in apartment outside the Seoul Metropolitan Area. However, household debt became a determinant in contradicting housing wealth effects of SIC and DIC households. While the household financial dimension was in proportion to income, DIC households didn't gain much financial security due to increasing expenditure. Further, this research imply that liquidity constraints explicitly posed a more serious threat to SIC households whose dependence on housing asset is larger than their counterpart.

• Journal of the Korean Geographical Society
• /
• v.48 no.3
• /
• pp.402-416
• /
• 2013

This paper investigates both the changing spatial patterns of aging population during 1985 to 2010 and their interrelationship with the residential features of elderly households in 2010. The aging level of a region is classified into three different ones such as aging region (7~14%), aged region (14~20%) and super-aged region (over 20%). Residential features of elderly households are examined by such variables as housing type, housing ownership, and house age. Aging process has started from peripheral regions distanced away from Seoul. There are strong tendency that aging households reside in single unit house owned by oneself over 20 years-old aged houses, which shows more strong patterns toward peripheral regions in SMR.