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A Study of the Estimation of Housing Demand Classified by Type of Occupation Using Household Expenditure Survey
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가계조사자료를 활용한 입주유형별 주택 수요추정에 관한 연구

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Type
Academic journal
Author
Journal
The Korean Data Analysis Society Journal of The Korean Data Analysis Society Journal of The Korean Data Analysis Society 제10권 제5호 KCI Accredited Journals
Published
2008.1
Pages
2,741 - 2,753 (13page)

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A Study of the Estimation of Housing Demand Classified by Type of Occupation Using Household Expenditure Survey
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The purpose of this study is to estimate housing demand classified by type of occupation using Household Expenditure Survey in Korea. We set an expanded M-W model by adding permanent income and housing cost as explanatory variables into the model, which was proposed by Mankiw and Weil (hereafter 'M-W model') in 1989. And we estimatedderived coefficients for housing demand of each age group by 5 years interval. Using the estimated coefficients and the estimated numbers of population and household, we predicted the demand of housing till next 10 years. We've obtained reasonable results for the coefficients of permanent income and household members by age intervals, but the peak of coefficients of age intervals was 70 ~ 74. It implies that the trend of aging in the recent Korea was properly reflected. The estimated quantity of housing demand was about 500,000 dwellings, which means that housing construction should be constantly kept every year as many as the estimated dwellings. That is, housing demand of 300,000 dwellings will constantly occur every year without consideration of housing depreciation.
#M-W 확장모형 #입주유형별 주거면적 #항상소득 #주거비용 #주택수요 #Expanded M-W model #Household Expenditure Survey #Squares of housing demand #Permanent income #Housing cost

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/ / 한국노동연구원. 노동패널자료 각 년도 google schola Amemiya, T. / 1974 / The Nonlinear Two-Stage Least-Squares Estimator / Journal of Econometrics 2 : 105 ~ 110 google schola Greene, Willian H. / 1991 / Econometric Analysis / Maxwell MacMillan International Editions : 715 ~ 753 google schola Mankiw, N. Gregory / 1989 / The baby boom, the baby bust, and the housing market / Regional Science and Urban Economics 19 : 235 ~ 258 google schola Swan, Craig / 1995 / Demography and the demand for housing: A reinterpretation of the Mankiw-Weil demand variable / Regional Science and Urban Economics 25 : 41 ~ 58 google schola

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