@article{ART002118461},
author={황관석 and Lee, Soo Wook},
title={An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2016},
volume={26},
number={2},
pages={85-96}
TY - JOUR
AU - 황관석
AU - Lee, Soo Wook
TI - An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008
JO - Korea Real Estate Review
PY - 2016
VL - 26
IS - 2
PB - korea real estate research institute
SP - 85
EP - 96
SN - 2092-5395
AB - This study analyzed the changes of income, savings, assets, liabilities and homeownerhip of young generation household after the global financial crisis in 2008 with a cohort effects. Using the Korea Labor Panel Survey, We analyzed that four years’ change of young generation (25-39) and middle-aged (40-54) between 2003 to 2007 and 2008 to 2012. And we extracted the change of young generation’s cohort effects controlled age effects and time effects by applying the difference in differences method.
We found that incomes and savings of young generation in 2008 cohort were each 8.3%p and 13.7%p lower than in 2003 cohort. Although assets were no significant, but liabilities were decreased 37.5%p in 2008 cohort, which was expected to result from reduced purchase of housing. And the ratio of the transition from rent to homeownership was reduced 16.3%p in 25-29 age group. These results suggest that income and housing support policy for the young generation should be enhanced.
KW - young generation;cohort effects;income;homeownership;difference in differences method
DO -
UR -
ER -
황관석 and Lee, Soo Wook. (2016). An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008. Korea Real Estate Review, 26(2), 85-96.
황관석 and Lee, Soo Wook. 2016, "An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008", Korea Real Estate Review, vol.26, no.2 pp.85-96.
황관석, Lee, Soo Wook "An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008" Korea Real Estate Review 26.2 pp.85-96 (2016) : 85.
황관석, Lee, Soo Wook. An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008. 2016; 26(2), 85-96.
황관석 and Lee, Soo Wook. "An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008" Korea Real Estate Review 26, no.2 (2016) : 85-96.
황관석; Lee, Soo Wook. An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008. Korea Real Estate Review, 26(2), 85-96.
황관석; Lee, Soo Wook. An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008. Korea Real Estate Review. 2016; 26(2) 85-96.
황관석, Lee, Soo Wook. An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008. 2016; 26(2), 85-96.
황관석 and Lee, Soo Wook. "An Analysis of the Changes of Household Income and Homeownership focused on Young Generation‘s Cohort Effects after Global Financial Crisis in 2008" Korea Real Estate Review 26, no.2 (2016) : 85-96.
