2012, Vol.75, No.

The Korea Spatial Planning Review 2023 KCI Impact Factor : 1.2

pISSN : 1229-8638
https://journal.kci.go.kr/krihs

This paper develops a theoretical model for optimal choice of landlords on rental contract type. The developed theoretical model shows that landlords with strong risk aversion may prefer a lower deposit with a higher monthly rent whereas those with weak risk aversion prefer a higher deposit with a lower monthly rent. Also, sales market condition affects their choice on rental contract type. When expecting a higher price appreciation, landlords prefer Chonsei. Also, in the case of a higher price volatility, they prefer a lower deposit with a higher monthly rent. The empirical estimation results strongly support the theoretical arguments. Specifically, young landlords or the renters owning other rental houses prefer Chonsei, while old landloards or the homeowners renting some parts of their house prefer a higher monthly rent with a lower deposit. Interestingly, in the time period of high price appreciation and low price volatility, landlords choose Chonsei or a lower monthly rent with a higher deposit.

In order to accomplish the effective and efficient international development cooperation, it is essential to figure out differences in the preference of a Donor and Recipient Group. In 2009 Korea has become the 24th member of the Development Assistance Committee in the OECD. It is expected that vigorous International Development Cooperation occur in various sectors including urban and Social Infra developments. In this study, conjoint analysis is conducted to deduct the critical attributes of international urban development. This study compares the differences of the preference between the parties in development cooperation. The result of conjoint analysis shows that the cost reduction and the trade-off are considered more significantly for both the donor and the recipient group. However, there are the differences of the preference in the method of payment for development assistance in the case of a return sesrvice is required. While the recipient group has higher preference for monetary payment for urban development services, the donor group has higher preference for guarantee the right to participate to related development project. Thus, it is inferred to be the development of financial method for distribution of benefits and losses of development cooperation would be the important task for the recipient and the donor group.

The purpose of this paper is to identify a locational pattern of occupational choices of college graduates using a rare event logit model with Graduates Occupational Mobility Survey of Korea. The analysis showed that Seoul Metropolitan Area (SMA) has a pulling effect on the college graduates of the Non Seoul Metropolitan Area (NSMA) instead of pushing the regional graduates over the nations as a role of incubator of human capital. Although the educational supply of university simply increases in the SMA, it is difficult to distribute human capital over the NSMA on the current situation of the labor market. However, if the NSMA succeeds in generating high-income jobs of the large enterprises, there would be a meaningful out-migration of the graduates of the SMA to the other region. In addition, the job security of companies in the NSMA and their linkages to universities are recognized as key factors to attract them into the NSMA companies.