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@article{ART002757479},
author={Kim, Yoon-Su and Lee, Young-Man},
title={The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2021},
volume={31},
number={3},
pages={57-71},
doi={10.35136/krer.31.3.4}

TY - JOUR
AU - Kim, Yoon-Su
AU - Lee, Young-Man
TI - The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension
JO - Korea Real Estate Review
PY - 2021
VL - 31
IS - 3
PB - korea real estate research institute
SP - 57
EP - 71
SN - 2092-5395
AB - This study uses two different binomial logistic models to verify the effectiveness of both the introduction and relaxation of the reentry prohibition period after early termination of Korean Home Pension. The results of this study are as follows. First, the introduction of reentry prohibition period for five years after early termination in October 29, 2012 was significantly effective in reducing early termination behavior. Moreover, the placebo effect verification supported this result. Second, the relaxation of the reentry prohibition period from five to three years after early termination in September 25, 2015 did not significantly increase the termination behavior. That is, the extent of the relaxation was insufficient to change the borrower’s early termination behavior, which was the desire of Korea Housing Finance Corporation (KHFC). This study demonstrates that increasing the cost of refinancing significantly decreased the early termination behavior. Therefore, KHFC can use the reentry prohibition period after early termination as a useful policy.
KW - Korean Home Pension;early termination;refinancing;placebo effect
DO - 10.35136/krer.31.3.4
ER -

Kim, Yoon-Su and Lee, Young-Man. (2021). The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension. Korea Real Estate Review, 31(3), 57-71.

Kim, Yoon-Su and Lee, Young-Man. 2021, "The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension", Korea Real Estate Review, vol.31, no.3 pp.57-71. Available from: doi:10.35136/krer.31.3.4

Kim, Yoon-Su, Lee, Young-Man "The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension" Korea Real Estate Review 31.3 pp.57-71 (2021) : 57.

Kim, Yoon-Su, Lee, Young-Man. The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension. 2021; 31(3), 57-71. Available from: doi:10.35136/krer.31.3.4

Kim, Yoon-Su and Lee, Young-Man. "The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension" Korea Real Estate Review 31, no.3 (2021) : 57-71.doi: 10.35136/krer.31.3.4

Kim, Yoon-Su; Lee, Young-Man. The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension. Korea Real Estate Review, 31(3), 57-71. doi: 10.35136/krer.31.3.4

Kim, Yoon-Su; Lee, Young-Man. The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension. Korea Real Estate Review. 2021; 31(3) 57-71. doi: 10.35136/krer.31.3.4

Kim, Yoon-Su, Lee, Young-Man. The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension. 2021; 31(3), 57-71. Available from: doi:10.35136/krer.31.3.4

Kim, Yoon-Su and Lee, Young-Man. "The Effects of Introducing and Relaxing the Re-entry Prohibition Period on Early Termination in Korean Home Pension" Korea Real Estate Review 31, no.3 (2021) : 57-71.doi: 10.35136/krer.31.3.4