The government’s housing welfare policies have been increasing in quantity, but there is a dearth of qualitative research thereon. This study analyzes the difference in residential satisfaction by residence type, residence welfare benefit, and type of residence welfare, using the Korea Welfare Panel 2005-2016 data.
The empirical results of the study show that the residential satisfaction is high in the order of the people who live in their own house, who live in a leased house on a deposit basis, and who live in a leased house paid for monthly. Regardless of the type of housing, the satisfaction of the beneficiaries of the housing welfare policies has greatly improved. Especially, when residents living in a rented house receive housing welfare, the degree of improvement of their satisfaction is the greatest.
For the results of the analysis of the degree of improvement in residential satisfaction by type of housing welfare, all the policies improve the satisfaction of the residents. In particular, it is determined that the residential satisfaction is improved in the order of public leasing, permanent leasing, deposit support, and monthly payment support and other policies.
Therefore, policies that provide stable residences in the long-term, such as public or permanent leases, should be given priority for the homeless people’s housing welfare. The more the policy provides stable residences, however, the bigger the financing for it should be. Thus, cost-benefit analysis is required for each residential welfare policy.