Estimation of Tenure Choice and Housing Demand Decisionsof Older households in Korea (고연령 가구의 연령대별 주택수요 특성 분석)

Seon-young An (안선영); Joo Hyun Cho (조주현)

Estimation of Tenure Choice and Housing Demand Decisionsof Older households in Korea

Korea Real Estate Review
2015, 25(4), pp.33-48
Publisher : korea real estate research institute
Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Seon-young An ¹, Joo Hyun Cho ²

¹건국대학교 부동산학과
²건국대학교

Accredited

ABSTRACT

The main purpose of this study is to analyze the housing demand characteristics of older households using housing demand function. For this purpose we classify older households as those persons over 55 years of age, and break this group down further into 3 sub-groups (55-64, 65-74, and 75 years and older). Employing 2010 Korea Housing Survey data, the two-stage Heckit model was estimated and the marginal effects and elasticity of the major explanatory variables are additionally calculated. Estimation results show that the 55-64 and 65-74 household categories show a tendency to reduce their housing size, while the overall probability of home ownership in general, decreases for the 75 years and over household category.

KEYWORDS

older households, housing tenure, housing demand

Citation status

* References for papers published after 2023 are currently being built.

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[web] / 한국은행 경제통계시스템 / ecos.bok.or.kr

[web] / KB국민은행 부동산정보 / www.land.kbstar.com

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