Effect of Demographic Structure on the Rate Increase of Housing Rent (세대별 인구구조가 주택 소비수요에 미치는 영향 : 광역시(廣域市)와 도(道)를 중심으로)

Seiwan Kim (김세완); Young-Min Kim (김영민); Gyung-Rok Kim (김경록)

doi:10.35136/krer.30.1.2

Effect of Demographic Structure on the Rate Increase of Housing Rent

Korea Real Estate Review
2020, 30(1), pp.23-36
DOI : 10.35136/krer.30.1.2
Publisher : korea real estate research institute
Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate
Received : June 11, 2019
Accepted : March 23, 2020
Published : March 31, 2020

Seiwan Kim ¹, Young-Min Kim ², Gyung-Rok Kim ³

¹이화여자대학교
²강원대학교
³미래에셋은퇴연구소

Accredited

ABSTRACT

This study investigates the effect of demographic structure change on the rate increase of apartment rent, which indicates a consumption demand. For this reason, we use premium return rate, yield rate of a 3-year treasury bond, manufacturing production index, unemployment rate, and population increase rate. In particular, we classify the unemployment rate and population increase rate into young, middle, and old generations. The data are from 2008 to 2018 for 16 regions, including metropolitan cities and Do. The results are as follows. First, the growth in the population rate of the young generation has a positive effect on the rental rate. Second, the unemployment rate of the middle generation has a negative effect on the rental rate. Third, the population increase rate and unemployment rate of the old generation does not have any significant effect on the rental rate. This study suggests that each generation has a different effect on the rental rate according to big cities and regional cities.

KEYWORDS

rent, demographic structure, three generation, unemployment rate

Citation status

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

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This paper was written with support from the National Research Foundation of Korea.

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Korea Real Estate Review 2023 KCI Impact Factor : 0.56

Effect of Demographic Structure on the Rate Increase of Housing Rent

ABSTRACT

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Citation status

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

Korea Real Estate Review 2023 KCI Impact Factor : 0.56

Effect of Demographic Structure on the Rate Increase of Housing Rent

ABSTRACT

KEYWORDS

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