@article{ART001975015},
author={Daigyo Seo and Jin-tae Hwang},
title={Examination of the Relationship Between the Types of Housing and Household Debts},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2015},
volume={25},
number={1},
pages={5-20}
TY - JOUR
AU - Daigyo Seo
AU - Jin-tae Hwang
TI - Examination of the Relationship Between the Types of Housing and Household Debts
JO - Korea Real Estate Review
PY - 2015
VL - 25
IS - 1
PB - korea real estate research institute
SP - 5
EP - 20
SN - 2092-5395
AB - In this paper, we examine the relationship between household financial debt and the types of housing by using random-and fixed-effects tobit models with Korean Labor and Income Panel Survey. We find that the effects of leasing a house would be small on the household debt, relative to homeowners. In addition, the effects of living in an apartment or flats with shops in comparison to living in a detached house have been smaller on household debt over the period 2006-2010 than 1998-2005. Furthermore, we find that over the whole period 1998-2010, the financial debt gap between homeowners and leaseholders has been smaller in Seoul than in Busan or Daegu, and over the period 2006-2010 the financial debt gaps in Seoul and Busan have been both greater than before. Finally, it is noticeable that the effects of living in an apartment on household financial debt have been negligible during the same period. This empirical result may show, to some extent, the effects of the Debt-to-Income policy implemented by the Korean government in 2006.
KW - Housing Types;Household Debt;Panel Tobit Models
DO -
UR -
ER -
Daigyo Seo and Jin-tae Hwang. (2015). Examination of the Relationship Between the Types of Housing and Household Debts. Korea Real Estate Review, 25(1), 5-20.
Daigyo Seo and Jin-tae Hwang. 2015, "Examination of the Relationship Between the Types of Housing and Household Debts", Korea Real Estate Review, vol.25, no.1 pp.5-20.
Daigyo Seo, Jin-tae Hwang "Examination of the Relationship Between the Types of Housing and Household Debts" Korea Real Estate Review 25.1 pp.5-20 (2015) : 5.
Daigyo Seo, Jin-tae Hwang. Examination of the Relationship Between the Types of Housing and Household Debts. 2015; 25(1), 5-20.
Daigyo Seo and Jin-tae Hwang. "Examination of the Relationship Between the Types of Housing and Household Debts" Korea Real Estate Review 25, no.1 (2015) : 5-20.
Daigyo Seo; Jin-tae Hwang. Examination of the Relationship Between the Types of Housing and Household Debts. Korea Real Estate Review, 25(1), 5-20.
Daigyo Seo; Jin-tae Hwang. Examination of the Relationship Between the Types of Housing and Household Debts. Korea Real Estate Review. 2015; 25(1) 5-20.
Daigyo Seo, Jin-tae Hwang. Examination of the Relationship Between the Types of Housing and Household Debts. 2015; 25(1), 5-20.
Daigyo Seo and Jin-tae Hwang. "Examination of the Relationship Between the Types of Housing and Household Debts" Korea Real Estate Review 25, no.1 (2015) : 5-20.
