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An Analysis of Housing Careers on Korean Household and Wealth Variation

  • Korea Real Estate Review
  • 2013, 23(3), pp.79-97
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Mihwa Lim 1,  Jaeman Lim 2

1단국대학교
2세종대학교

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ABSTRACT

This paper attempts to categorize the pattern of housing careers in terms of housing tenure in contrast to previous studies focusing the cause of residential mobility and determinants of tenure choices. We tracked housing careers as owner/tenant status with moving times, age, income of household, the number of household, and housing sizing. We first classify the tenure status at the first and the final time of survey periods; owner-owner, owner-tenant, tenant-owner, and tenant-tenant. And then we break 4 major types down into 16 sub-types according as housing quality. (high-high, high-low, low-high, low-low) Results are as followings. First, no moving household during the survey period is the most type in the owner-owner type, and keep the first housing quality as moving. Second, the tenant-owner type shows the typical growth path of the middle class. They have moved upward with housing quality as increasing household income, the number of household member, and house size. Third, the level and growth of household income of the tenant-tenant type was the lowest, and the number of household member was the most. Finally, the owner-tenant type has showed the most volatility of income level, but the number of household member and house size was the least.

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