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Housing Tenure Choice Decisions of Older Households - With Focus on the Physical Features of the Householders -

  • Korea Real Estate Review
  • 2018, 28(1), pp.39-52
  • DOI : 10.35136/krer.28.1.3
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate
  • Published : March 31, 2018

Jung Bo Seon 1 Cho, Yongkyung 2 Sangyoub Lee 1

1건국대학교
2건국대학교 부동산도시연구원

Accredited

ABSTRACT

The purpose of this study was to analyze the housing tenure choice decisions of older households, with focus on the activity constraints of the householders. For analysis, the probit model based on the data of the householders over 55 years of age from the 2015 KLIPS data was implemented. The research findings indicate that the ownership choice probability decreases when the head of the household has activity or social activity constraints. If there is an activity restriction, it is considered that the possibility of self-residence will be low due to the increase in medical expenses, the possibility of participation in economic activities will be low, the possibility of early retirement will be high, and the income will decrease. Therefore, if the head of the household has a personal or social activity constraint, such case is more likely to be categorized as falling under the poor residential group. This result suggests that the activity constraint can be utilized as a useful index for the housing welfare policy considering physical vulnerability.

Citation status

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