@article{ART001329794},
author={Chungyu Park and Lee, Soo Wook and 손경환},
title={An Analysis of Housing Demand Functions Considering Family Life Cycle},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2009},
volume={60},
pages={171-187},
doi={10.15793/kspr.2009.60..010}
TY - JOUR
AU - Chungyu Park
AU - Lee, Soo Wook
AU - 손경환
TI - An Analysis of Housing Demand Functions Considering Family Life Cycle
JO - The Korea Spatial Planning Review
PY - 2009
VL - 60
IS - null
PB - 국토연구원
SP - 171
EP - 187
SN - 1229-8638
AB - This study aims to analyze housing demand characteristics using family life cycle housing demand functions. This study comprises of four chapters. Following the introduction in Chapter Ⅰ, Chapter Ⅱ explains the standard to classify the households into the family life cycles. Based on the householders' age, 4 family life cycles are built. And then the family life cycle housing demand functions are estimated using the two-stage Heckit method and the housing demand characteristics are analyzed in Chapter Ⅲ. The first cycle, the 30s are sensitive to the relative price in their tenure choice function. This cycle needs the mortgage or parent's economic help to buy a house easily. The second and third cycles, the 40s and the 50s consume houses a lot more than other cycles. The forth cycle, more than the 60s consume much houses compared to their income level. This means that if the economic situations are worst, the 60s have tendency to reduce their housing consumption dramatically. Summary and conclusions are attached in the last chapter.
KW - Family Life Cycle;Housing Demand Function;Housing Consumption;Housing Policy
DO - 10.15793/kspr.2009.60..010
ER -
Chungyu Park, Lee, Soo Wook and 손경환. (2009). An Analysis of Housing Demand Functions Considering Family Life Cycle. The Korea Spatial Planning Review, 60, 171-187.
Chungyu Park, Lee, Soo Wook and 손경환. 2009, "An Analysis of Housing Demand Functions Considering Family Life Cycle", The Korea Spatial Planning Review, vol.60, pp.171-187. Available from: doi:10.15793/kspr.2009.60..010
Chungyu Park, Lee, Soo Wook, 손경환 "An Analysis of Housing Demand Functions Considering Family Life Cycle" The Korea Spatial Planning Review 60 pp.171-187 (2009) : 171.
Chungyu Park, Lee, Soo Wook, 손경환. An Analysis of Housing Demand Functions Considering Family Life Cycle. 2009; 60 171-187. Available from: doi:10.15793/kspr.2009.60..010
Chungyu Park, Lee, Soo Wook and 손경환. "An Analysis of Housing Demand Functions Considering Family Life Cycle" The Korea Spatial Planning Review 60(2009) : 171-187.doi: 10.15793/kspr.2009.60..010
Chungyu Park; Lee, Soo Wook; 손경환. An Analysis of Housing Demand Functions Considering Family Life Cycle. The Korea Spatial Planning Review, 60, 171-187. doi: 10.15793/kspr.2009.60..010
Chungyu Park; Lee, Soo Wook; 손경환. An Analysis of Housing Demand Functions Considering Family Life Cycle. The Korea Spatial Planning Review. 2009; 60 171-187. doi: 10.15793/kspr.2009.60..010
Chungyu Park, Lee, Soo Wook, 손경환. An Analysis of Housing Demand Functions Considering Family Life Cycle. 2009; 60 171-187. Available from: doi:10.15793/kspr.2009.60..010
Chungyu Park, Lee, Soo Wook and 손경환. "An Analysis of Housing Demand Functions Considering Family Life Cycle" The Korea Spatial Planning Review 60(2009) : 171-187.doi: 10.15793/kspr.2009.60..010
