• Title/Summary/Keyword: Homeownership

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Does Schwabe's Hypothesis Hold in Korea: Empirical Evidence from the Characteristics Changes of Homeownership Demand in Seoul Metropolitan Area (수도권의 주택점유 특성 변화로 분석한 슈바베의 가설)

  • Kang, Dong-Woo;Lee, Seong-Woo;Kim, Hyun-Joong
    • Land and Housing Review
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    • v.3 no.1
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    • pp.23-32
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    • 2012
  • The Schwabe's law explains the housing demand weighs more on demographic factors rather than on socio-economic factors as societies achieve higher level of economic development. Based on Schwabe's law, the present study constructs a hypotheses to analyze changes of housing demand with respect to housing tenure change in Seoul Metropolitan Area (SMA) during the periods of 1980 to 2005. To test the hypotheses, the authors take advantage of the Population and Housing Census 2% data from 1980 to 2005. The authors apply binary probit with decomposition method to verify our hypotheses. The authors found that the influence of socio-economic factors on housing tenure have been weakened in the housing market during the periods of 1980 to 2005. On the other hand, the relative influence of demographic factors have been strengthened in the housing market during the periods. The present study concludes that housing demand in the SMA have been dramatically changed from socio-economic characteristics to demographic factors to decide housing tenure during the periods, which confirms the hypotheses of the present study.

The Awareness of an Ecocity and A Willingness to Move to an Ecocity (생태도시에 대한 인식과 이주의사)

  • 곽인숙;박정희
    • Journal of the Korean Home Economics Association
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    • v.38 no.12
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    • pp.177-188
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    • 2000
  • This study was performed to investigate the awareness of an ecological city and its related variables and the willingness to move to an ecological city and its related variables. Data were collected through a questionnaire survey given to 491 residents in Mokpo, Kwangju and Muan in Chollanam Province. Awareness of the ecotogical city was medium level, half of the respondents were not aware of the ecological city. Multiple regression analysis was conducted to estimate the effects of the variables on the awareness of the ecological city. The most significant variable was environmental knowledge. Next, experience in environmental education and homeownership effected on the awareness of the ecological city. Those who knew about environmental pollution and environmental disruption had a self-reported higher degree of awareness of the ecological city. Those who had experience in environmental education as well as those who lived in their own house were more aware of the ecological city. Other variables were not statistically significant. Half of the respondents were willing to move to the ecological city. Seven variables were related with willingness to move to the ecological city. Those who knew about the environmental pollution and environmental disruption preferred to move to the ecological city. Those who lived in multi-housing had more of a willingness to move to the ecological city. People with a higher education as well as the younger group preferred to move to the ecological city. Those who were more aware of the ecological city and had more ecological-oriented values had more willingness to move to the ecological city. Salaried men and professionals were more willing to move to the ecological city than non-employed people. Among those variables environmental knowledge was the only influential variables on willingness to move to the city.

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Housing Characteristics of the Youth and their Determinants in Capital and Non-Capital City Regions (수도권 및 비수도권 청년층의 주거특성 및 주거특성에 미치는 영향요인 분석)

  • Hwang, Kwanghoon
    • Land and Housing Review
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    • v.13 no.3
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    • pp.21-38
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    • 2022
  • In this study, the housing-related characteristics of the youth are reviewed using data from the 4th - 14th Youth Panel Survey(YP2007) of the Korea Employment Information Service in the period 2010 - 2020. The factors that affect the characteristics of their dwelling are analysed. As a result, males, highly educated, and employed people are more likely to live in their own homes and apartments, but many of them seem to be living with their parents. On the contrary, economically independent young people tend to occupy their dwellings in the form of jeonsei/monthly rent and live in multi-family units, villas, and officetel. To support the youth in overcoming their key issues such as housing affordability, jobs, and marriage, so that they can play their roles, the cost of homeownership and rent should be tailored to their economic situations.

A Study on the Housing Life Style of Families Living in Metropolitan Areas I: with special reference to patterning of Housing Life style (대도시 가족의 주거생활양식에 관한 연구 I - 주거생활양식 유형화를 중심으로 -)

  • 이연복;홍형옥
    • Journal of the Korean Home Economics Association
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    • v.38 no.1
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    • pp.75-87
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    • 2000
  • The aims of this study are to establish a mode of housing life style that meet the demands of families living in big cities, and the contribute to the development of a better housing life style pattern by considering metropolitan residents' choice of housing and basic concepts of their behavioral patterns. The results of this study were as follows: 1. Value orientation of family life was divided into value orientation of family and value orientation of housing. Value orientation of family was constituted of four factors such as 'harmony', 'leisure and hobbies', 'individual development and its support' , 'education' . Value orientation of housing is constituted of three factors such as 'physical characteristics of house' , '\`environmental condition', 'socio-economic conditions of housing'. The comprehensive life values were constituted of six factors such as 'the importance of communal family', 'the importance of housing decoration and housing life benefits', 'the importance of security and holding environment' , 'the importance of familial harmony', 'the importance of privacy', 'the importance of convenience and natural environment'. Based on three factors, were found to be fine types of value orientation of family life which were 'pursue healthy of family', 'comfort of family', 'clean environment', 'convenient environment', and 'harmonious relationship among family members'. Variables influencing the value orientation of family life were property and price of housing. 2. Consumption propensity when buying house, furniture and durables were constituted of four factors which were propensity to 'beauty', 'fashion', 'tradition and symbol', and 'pragmatic use'. Based on these factors, there were found to be four types of consumption propensity when buying house, furniture and durables which were 'fashion', 'tradition and symbol', 'beauty', and 'pragmatic use'. Variables influencing spending habits were found to be objective social class (SES), types of residence, wife's educational background, and price of housing. 3. Propensity to using space were constituted of three factors which were 'convenience', 'politeness and social grace', and 'housekeeping'. Based on these factors, there were found to be three types of propensity to using space which were 'individuality', 'convenience', and 'politeness and housekeeping'. Variables influencing propensity to use of space were found to be objective social class (SES), wife's educational background, types of homeownership and price of housing 4. According to this study, there were found to be six patterns of housing life style: 1) family that seeks formalist life, 2) family that seeks harmonious life, 3) family that seeks active healthy life, 4) family that combine various factors, 5) family that seeks convenience, 6) family that stresses environment.

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The Global Financial Crisis and Its Impacts on the Housing Systems of Western European Welfare States (세계경제위기에 따른 서유럽 복지국가의 주택시스템 변화 분석)

  • Lee, Hyunjeong;Lee, Jongkwon
    • Korea Real Estate Review
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    • v.24 no.1
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    • pp.105-120
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    • 2014
  • This research is to examine the impacts of the on-going global financial crisis on the housing systems of welfare states. Four developed economies in the Western Europe were selected for the analysis, and the qualitative research employed in-depth interviews with scholars in the fields of housing market and social policy in order to meet the research goal. The major findings indicate that the global economic crisis embedded into the liberalization of housing finance and the inadequacy of regulatory measures caused the vicissitude of housing markets, and its scale and magnitude could be determined by the resilience of each state's housing system. While the globalization of housing finance markets rendered easy borrowing for homeownership, intensive competition for excessive lending among financial institutions backed by heavy reliance on inter-bank and overall bank triggered market volatility, and further worsened household and public debts. It's clearly evident that a housing system with varied safety nets becomes a greater cushion to bear the risks of the financial crisis and to weather the economic storm.

The Determinants of Change in Residential Size of Households in the Seoul Metropolitan Area: According to the Patterns of Residential Mobility (수도권 거주가구의 주거면적 변화 결정요인: 수도권 내 주거이동 방향에 따라서)

  • Jung, Suyoung
    • Journal of the Korean Regional Science Association
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    • v.37 no.3
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    • pp.19-36
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    • 2021
  • This study examined the determinants of change in residential size according to the patterns of residential mobility in the Seoul Metropolitan Area. Particularly, this study examined the upward and downward in residential size, which is emerging as an important factor in the era of increasing non-face-to-face environment. For the empirical analysis, I used 「2018 Korea Housing Survey」 and employed binary logistic regression model. The empirical analysis shows the change of residential size is statistically significant depending on the direction of geographic. In addition, there are differences in the determinants of change in residential size. When people move within Seoul, housing factors, accessibility, age of residents, and the number of household members can be the determinants. When people move from Seoul to Gyeonggi or Incheon, housing factors, safety, gender, and the number of household members work as determinants. On the other hand, when moving from Gyeonggi or Incheon to Seoul, whether it is studio or not, housing type, accessibility, the number of household members, and the disability of homeownership are the determinants. When moving within Gyeonggi or Incheon, housing factors, Accessibility to green areas, safety, age of resident, income, and the number of household members, are the determinants.

Effect of Family Resilience of Self-Sufficiency Program Participants on the Will to Be Self-Sufficient: Focusing on the Mediating Effect of Family Support (자활사업 참여자의 가족탄력성이 자활의지에 미치는 영향: 가족지지의 매개효과를 중심으로)

  • Kim, Jung-Hee
    • Journal of Family Resource Management and Policy Review
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    • v.25 no.3
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    • pp.1-15
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    • 2021
  • This study explored how the family resilience of participants in self-sufficiency programs relates to their willingness to be self-sufficient and analyzed the mediating effects of family support in the relationship. The subjects of the study were 283 people in their 20s to 70s who are participating in a local self-sufficiency center in Gangwon-do. Statistical analyses were conducted using IBM SPSS 18, with descriptive statistics, difference verification and regression, and mediating effects analyzed following Baron & Kenny(1986). The results of the analysis are as follows. First, we conducted difference verification between the sociodemographic characteristics of participants in the self-sufficiency program and major variables. There was a significant difference in the willingness to be self-sufficient in terms of the caregiving family and household income. Family resilience differed significantly depending on age group, marital status, health condition, household type, caregiving family, and homeownership, while family support differed significantly in age group, marital status, health condition, household type, caregiving family, and debt. Second, we conducted a hierarchical regression analysis to determine the factors influencing the will of self-sufficiency of those participating in the self-sufficiency program and found that the better the health condition, the presence of caregiving families, and the higher the level of family resilience and family support, the higher the level of will to be self-sufficient. Third, analyses of the mediating effect following Baron & Kenny(1986) have shown that family support has a full mediating effect on the relationship between family resilience and the will to be self-sufficient. Thus, we have verified that family resilience and family support are important factors as an alternative to improving the level of willingness for self-sufficiency program participants.

An Analysis of the Household Characteristics by Residential Type and Region: Focused on Income and Wealth Effects (지역별 거주유형별 가구특성에 관한 연구: 소득효과와 자산효과를 중심으로)

  • Jeong, Ye-Eun;Sim, Seung-Gyu;Hong, Gihoon
    • Land and Housing Review
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    • v.13 no.1
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    • pp.55-65
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    • 2022
  • This paper investigates the distinct characteristics of freehold and leasehold households living in the seven largest cities and the other areas. We employ the two-stage logit regression analysis to identify the marginal effects of wealth and income after controlling for the other one. We document the following results. First, households with more net wealth are more likely to reside in their own houses, regardless of living areas. Second, the pure income effect after controlling for wealth and other variables lowers the tendency of freeholders to live in the seven largest cities while increasing the tendency to live in the other areas. Furthermore, the income effects reduce the tendency to live in the former regions. Our results suggest that the pure income effects enhance preferences for a better living environment (e.g., larger spaces, better school districts, etc.), whereas the wealth effect increases the likelihood of freeholds.