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@article{ART002063285},
author={박경준 and Lee, SeongWoo},
title={Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2015},
volume={87},
pages={33-48},
doi={10.15793/kspr.2015.87..003}

TY - JOUR
AU - 박경준
AU - Lee, SeongWoo
TI - Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model
JO - The Korea Spatial Planning Review
PY - 2015
VL - 87
IS - null
PB - 국토연구원
SP - 33
EP - 48
SN - 1229-8638
AB - The purpose of the present study is to identify determinants of the housing expenditure. This study pay special attention to loan repayment for housing sustenance. We apply a multi-level model for the study utilizing the housing survey data from 2006 to 2014 in Seoul metropolitan area. The main findings are as followings. First, housing expenditure increases during the periods. The ratio of housing expenditure to permanent income decrease as permanent income increases. Householders with lower education and job level pay more housing expenditure than the counterparts of the variables. These results show that Schuwabe’s law is working in the Seoul metropolitan area. Low income group has harsher burden in housing expenditure than the high income group and people socially and economically weaker are easy to get in debt to pay housing price. This study also found that housing expenditure is regionally differentiated in the Seoul metropolitan area.
KW - Housing Expenditure;Loan Repayment;Multilevel;Schwabe’s Law;Permanent Income;Housing Survey Data
DO - 10.15793/kspr.2015.87..003
ER -

박경준 and Lee, SeongWoo. (2015). Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model. The Korea Spatial Planning Review, 87, 33-48.

박경준 and Lee, SeongWoo. 2015, "Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model", The Korea Spatial Planning Review, vol.87, pp.33-48. Available from: doi:10.15793/kspr.2015.87..003

박경준, Lee, SeongWoo "Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model" The Korea Spatial Planning Review 87 pp.33-48 (2015) : 33.

박경준, Lee, SeongWoo. Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model. 2015; 87 33-48. Available from: doi:10.15793/kspr.2015.87..003

박경준 and Lee, SeongWoo. "Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model" The Korea Spatial Planning Review 87(2015) : 33-48.doi: 10.15793/kspr.2015.87..003

박경준; Lee, SeongWoo. Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model. The Korea Spatial Planning Review, 87, 33-48. doi: 10.15793/kspr.2015.87..003

박경준; Lee, SeongWoo. Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model. The Korea Spatial Planning Review. 2015; 87 33-48. doi: 10.15793/kspr.2015.87..003

박경준, Lee, SeongWoo. Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model. 2015; 87 33-48. Available from: doi:10.15793/kspr.2015.87..003

박경준 and Lee, SeongWoo. "Determinants of Housing Expenditure in Seoul Metropolitan Area, 2006~2014: Application of Multi-level Model" The Korea Spatial Planning Review 87(2015) : 33-48.doi: 10.15793/kspr.2015.87..003