• Journal of Korea Planning Association
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• v.54 no.3
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• pp.133-147
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• 2019

This study examined the effect of homeownership and homeownership desirability on residential satisfaction. By using the '2016 Korea Housing Survey', we categorized households into four types: 1) those who own a home with homeownership desirability; 2) those who own a home without homeownership desirability; 3) those who do not own a home with homeownership desirability; and 4) those who do not own a home without homeownership desirability. The study area is the whole country and the sample size is 19,219. By running t-test analyses and multiple regression analyses, we found that the level of residential satisfaction and the influences of factors affecting residential satisfaction differ among the four types. In particular, the results shows that homeownership desirability can lead to differences in factors affecting residential satisfaction. This study is limited by not analyzing homeownership desirability more systemically and not using physical data for residential environment. Nevertheless, this study provides insights on designing housing policy to consider homeownership desirability.

• Journal of the Korean Society of Industry Convergence
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• v.25 no.6_3
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• pp.1261-1273
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• 2022

Homeownership is much more than a financial calculation. It is a socio-psychological phenomenon. During the last decade studies of homeownership have demonstrated a positive link between homeownership and positive social outcomes including welfare perceptions and attitudes. This study compared welfare perceptions between homeowners and renters in Korean Welfare Panel Survey using data collected in 2019. The study analyzed six continuous outcomes of welfare perceptions. Six variables indicating welfare perceptions included: (1) welfare and work disincentives; (2) welfare recipients are lazy; (3) welfare selectivism; (4) national minimum; (5) free university education and; (6) free child care and kindergarten. This study acknowledged bias arising from selection on observables. To control these biases, this study employed analytical approaches including the treatment effect model. Results of this study confirmed that attainment of homeownership is not possible for everyone. Findings from this study have provided some evidence that homeowners and renters have different perceptions on welfare listed above. Finally, issues relating to homeownership and welfare perceptions were discussed. Implications for social work practice and research were further discussed.

• Korea Real Estate Review
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• v.28 no.3
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• pp.7-19
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• 2018

Prior studies concerning the analysis of parents' homeownership on its offspring usually focus on the transmission of tenure between two generations. This study adopted a more comprehensive approach on this topic so the effects of parents' homeownership were analyzed through the economic performance of their sons. Korean labor panel data were used to test hypotheses on intergenerational transmission of parents' homeownership. The period covered years 2000 to 2014, consisting of about 862 samples, while many socioeconomic variables were selected through a filtering process. The results of the three hypotheses showed the following consequences. First, parents' homeownership was a meaningful factor in determining their son's housing tenure. Second, parents who are homeowners tended to have more educated sons. Third, parents' homeownership did not affect their son's annual income. This study showed more extensive effects of homeownership, and government strategy must consider this additional benefit in homeownership policies.

• Journal of the Korean Society of Industry Convergence
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• v.25 no.6_3
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• pp.1293-1302
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• 2022

The relationship between homeownership and participation in giving and volunteering overall indicates that homeowners are more likely to give and participate in volunteering organizations than renters. This study compared 'giving and participation in volunteering between homeowners(n=6,078) and renters(3,587) in the 14^th Korean Welfare Panel Survey data collected in 2019. The outcome measure of study is a binary outcome of giving and volunteering participation. This study accounted for a bias arising from selection on observables. Specifically, this study employed a recursive bivariate probit model to simultaneously estimate respondents' participation in giving and volunteering participation and their selection of homeownership. Findings from this study have provided some evidence that homeowners and renters have different behaviors in giving and volunteering participation. Finally, issues relating to homeownership and social outcomes were discussed. Implications for social work practice and research were further discussed.

• Journal of the Korean housing association
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• v.22 no.1
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• pp.11-23
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• 2011

The purpose of this study is to explore cohort changes in first-time homeownership in Korea. The study collected qualitative data from individual interviews to explore the housing trajectories of different birth cohorts. As a result, Individual interviews facilitated an exploration of the decision making process of first-time homeowner with in a cohort context. The cohorts born in the 1950s seek a sense of security through homeownership, and have strong Korean sentiments of ownership. They tried various means to buy a house, and real estate market boom at that time played a role in the driving force. The cohorts born in the 1960s have less insecurity of tenure than the previous cohorts, but they still feel the need for homeownership. Since the currency crisis in 1997 caused the fluctuation of housing price, the 1960s cohort experienced a dramatic decline and rebound of assets while the previous cohorts had experienced a steady rise in housing prices. Finally, the attitude towards housing in the group of 1970s cohorts has changed from ownershiporiented to use-oriented.

• Korea journal of population studies
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• v.26 no.1
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• pp.171-194
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• 2003

The present study investigates the effects of lopsided regional policy and social prejudice on homeownership disparities by household's place of birth of household head in Seoul. The present study utilizes individual household-level census data (2% sample) to evaluate households' residential well-being denoted by homeownership status during the period of 1980-2000. Decomposition techniques based on tenure choice models were used to provide evidences of the home-ownership disparities caused by regional policy and prejudice. We found that households from Gangwon and Honam provinces represent a disproportionately small percentage of homeownership compared with those originated from other provinces. In the statistical analysis, the present study found that having controlled for the factors traditionally thought to influence households' choice of housing tenure, as well as other housing market characteristics in Seoul, place of birth has played a primary role in determining whether or not households become a homeowner. Most strikingly, while most of the disparity in homeownership ratios between households from Youngnam and households from Gangwon in the housing market is due to the endowment differences in human capitals they bring to the market, those between households from Youngnam and households from Honam is largely due to residual differences explained mainly by social discrimination and prejudice against people from Honam. The present study summarized that place of birth has played a primary role in determining whether or not households become a homeowner in Korea. The present study concluded with some policy issues relevant to this study and suggested some future studies.

• Journal of Cadastre & Land InformatiX
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• v.54 no.1
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• pp.117-134
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• 2024

Housing is an essential element of human living environments. The type of housing occupancy can vary based on age, family composition, occupation, education level, and economic situation. In this study, we used social survey statistics to investigate the relationship between housing ownership types and individual and societal characteristics. The research findings revealed that apartment residency rates were high across all age groups. Married individuals tended to have higher apartment residency rates compared to unmarried individuals. Additionally, as the number of household members and generations increased, so did the likelihood of apartment residency. Overall, higher income levels and stable employment were associated with a preference for homeownership. However, there was no significant correlation between homeownership and education level or employment status. National and local authorities should focus on housing supply that aligns with the purchasing capacity and characteristics of potential homebuyers.

• Journal of the Korean housing association
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• v.23 no.1
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• pp.55-66
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• 2012

Present study investigates on the impact of resources and characteristics of the tenure choice for divorced women in Korea. The authors utilize the micro data from the Korea Census (2% sample) provided by the National Statistical Office. The authors apply the bivariate probit model to eliminate selection bias that could incur due to sample selectivity, from a chain of marital disruption and tenure choices. This study starts with a descriptive explanation of homeownership after divorce from 1985 to 2005. It concluded that divorce results in a substantial attrition of homeownership. The authors found that out for many women, divorce initiates a process of downward mobility on the housing ladder. The probability to own housing is much lower for divorced women than for women who are not divorced. The present study concludes by suggesting some policy implications for divorced women who have limited access to housing stability. The authors also suggest some future studies that can compensate the empirical limitations of the present study.

• Environmental and Resource Economics Review
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• v.30 no.3
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• pp.395-433
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• 2021

This paper aims to examine the effects of homeownership and residential types on the economic values of urban green spaces. Green open spaces as public goods provide positive externalities that are comprised of pecuniary and technological externalities. Seoul, South Korea, is used as a case study using choice experiments, with split-sample online respondents of 1,000. The study results evidenced that the differentiation between the two types of externalities is imperative for equitable provisions and efficient management of various urban open spaces. There is a positively significant and substantial impact of homeownership for apartment dwellers, ceteris paribus, but not for house dwellers. For apartments, the efficiency loss can be reduced by increasing green spaces up to the critical point where the marginal cost is at equilibrium with tenants' marginal values. For non-apartment houses, it is not homeownership but the monthly household income that has a significant impact on the amenity value. In general, public benefits from green spaces are equivalent to 16% to 33% of the current residential prices on average for a view or access. Different residential types do not cause a significant impact on the access values. Residential profiles for green spaces were developed, together with tailor-made policy suggestions.

• Journal of the Korean Home Economics Association
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• v.38 no.3
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• pp.43-57
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• 2000

The aims of this study were to analyze the influence of related variables on a mode of housing life style, and the related variables to propensity to housing life stymie. The results of this study were as follows: 1. Variables influencing value orientation of family life were property and the price of housing. 2. Variables influencing spending habits were objective social class (SES), types of residence, education of wife, and price of housing. 3. Variables influencing propensity to using space were found to be objective social class (SES), education of wife, types of homeownership, and price of housing. 4. Variables influencing housing life style were objective social class (SES), subjective social class, housing class, family life cycle, housing life cycle, types of residence, site of residence, age of husband, age of wife, education of husband, education of wife, income, property, job of husband, types of homeownership, size of housing, and price of housing.