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@article{ART002233920},
author={KIM DAEHWAN and Kim, Eun Joo and Kang, Da Seul and Park， Sung Kewon},
title={The Effects of House Price on Mental Health},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2017},
volume={27},
number={2},
pages={7-18}

TY - JOUR
AU - KIM DAEHWAN
AU - Kim, Eun Joo
AU - Kang, Da Seul
AU - Park， Sung Kewon
TI - The Effects of House Price on Mental Health
JO - Korea Real Estate Review
PY - 2017
VL - 27
IS - 2
PB - korea real estate research institute
SP - 7
EP - 18
SN - 2092-5395
AB - Under the circumstance that the proportion of real assets among whole household assets is high and the roles of real assets play are not only limited to residence but extended to investment in Korea, the economy of the real estate is essential to individual perspectives as well as macroeconomic point of view. Whereas priori studies related with the real estate have focused on macroeconomic perspectives or estimating the real estate cycles, there is little studies the association between the real estate and individual mental health. By applying the correlated random effect lodit model to Korea Health Panel of 2008~2013, this study investigates whether the house price affects individual’s mental health or not. Further, we examine the hypothesis that the house price would affect differently between the individuals who own a house and those who do not. The empirical results show that the likelihood of experiencing depression for house owners decreases when a house price increases and such association between the house price and depression is not detected for tenants. The results of this study imply that the government’s intervention to avoid hard landing of the real estate market would be positive for people’s mental health as well as macro-economy.
KW - real estate;depression;correlated logit model;house price
DO -
UR -
ER -

KIM DAEHWAN, Kim, Eun Joo, Kang, Da Seul and Park， Sung Kewon. (2017). The Effects of House Price on Mental Health. Korea Real Estate Review, 27(2), 7-18.

KIM DAEHWAN, Kim, Eun Joo, Kang, Da Seul and Park， Sung Kewon. 2017, "The Effects of House Price on Mental Health", Korea Real Estate Review, vol.27, no.2 pp.7-18.

KIM DAEHWAN, Kim, Eun Joo, Kang, Da Seul, Park， Sung Kewon "The Effects of House Price on Mental Health" Korea Real Estate Review 27.2 pp.7-18 (2017) : 7.

KIM DAEHWAN, Kim, Eun Joo, Kang, Da Seul, Park， Sung Kewon. The Effects of House Price on Mental Health. 2017; 27(2), 7-18.

KIM DAEHWAN, Kim, Eun Joo, Kang, Da Seul and Park， Sung Kewon. "The Effects of House Price on Mental Health" Korea Real Estate Review 27, no.2 (2017) : 7-18.

KIM DAEHWAN; Kim, Eun Joo; Kang, Da Seul; Park， Sung Kewon. The Effects of House Price on Mental Health. Korea Real Estate Review, 27(2), 7-18.

KIM DAEHWAN; Kim, Eun Joo; Kang, Da Seul; Park， Sung Kewon. The Effects of House Price on Mental Health. Korea Real Estate Review. 2017; 27(2) 7-18.

KIM DAEHWAN, Kim, Eun Joo, Kang, Da Seul, Park， Sung Kewon. The Effects of House Price on Mental Health. 2017; 27(2), 7-18.

KIM DAEHWAN, Kim, Eun Joo, Kang, Da Seul and Park， Sung Kewon. "The Effects of House Price on Mental Health" Korea Real Estate Review 27, no.2 (2017) : 7-18.