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The Effects of Housing Characteristics on Life Satisfaction : A Comparison Across Age Groups

  • Korea Real Estate Review
  • 2023, 33(2), pp.45-65
  • DOI : 10.35136/krer.33.2.3
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate
  • Received : May 12, 2023
  • Accepted : June 23, 2023
  • Published : June 30, 2023

Woo, Sun Hee 1

1한국보건사회연구원

Accredited

ABSTRACT

This study examined the effects of housing characteristics on life satisfaction across different age groups. Prior research has primarily focused on specific population groups (elderly, disabled, single-person households, etc.) or a handful of housing characteristics. These studies do not account for differences in the effects of housing characteristics on life satisfaction. Thus, the purpose of this study is to examine the effects of three housing characteristics on life satisfaction across age groups: housing tenure, housing quality, and housing affordability. This study found that only housing quality influences life satisfaction among young adults, whereas both housing quality and tenure affect life satisfaction among middle-aged individuals. In addition to housing quality and tenure, housing affordability also affects the life satisfaction of the elderly. These results indicate that the importance of housing increases with age and suggest that age-appropriate housing policies should be implemented. Particularly, because housing tenure affects the life satisfaction of middle-aged individuals, it is necessary to assist them in purchasing a house. In addition, because housing affordability affects the life satisfaction of the elderly, support is required to alleviate their housing cost burden. Finally, the quality of housing is important to the life satisfaction of individuals of all ages. Efforts should therefore be made to improve the quality of housing by enhancing housing and implementing minimum housing standards.

Citation status

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