The Journal of Economics, Marketing and Management (융합경영연구)

International Convergence Management Association (국제융합경영학회)
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Determinants of Post-Retirement Residential in Urban-Rural Complex City Residents

  • Jang Woo KIM (Department of Real Estate.Asset Management Graduate School, Kyonggi University) ;
  • SunJu KIM (Department of Real Estate.Asset Management Graduate School, Kyonggi University)
  • Received : 2024.09.14
  • Accepted : 2024.10.30
  • Published : 2024.10.30
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Abstract

Purpose: This study analyzes the factors influencing the housing preferences of elderly individuals when choosing residential areas in Hwaseong, a typical urban-rural complex city. Understanding these preferences is vital for formulating effective housing policies that enhance the quality of older people's life. Research design, data, and methodology: The survey conducted from March 10 to April 10, 2024, targeted 299 pre-retirees aged 50-64 living in Hwaseong. Using ANOVA and logistic regression analysis, the study examined essential factors affecting post-retirement residential decisions. Survey questions addressed essential considerations. Results: The results indicated that suburban housing was the most preferred option among pre-retirees in Hwaseong. The most critical factor that influences the choice of the home is ensuring convenience and relaxed in retirement. Significant differences emerged between housing type preferences, particularly in the importance of public transportation, cultural facilities, and housing prices. Conclusions: The study suggests several policy implications for urban-rural complex cities like Hwaseong. To meet the diverse needs of older people, urban housing should focus on improving accessibility, while rural housing should emphasize enhancing natural environments. Expanding rental housing options for older people and providing financial support for housing prices are recommended to promote housing stability for the aging population.

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References

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