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자료유형
학술저널
저자정보
이경애 (LH토지주택연구원) 정의철 (건국대학교)
저널정보
한국부동산분석학회 부동산학연구 부동산학연구 제22권 제4호
발행연도
2016.12
수록면
5 - 17 (13page)
DOI
http://dx.doi.org/10.19172/KREAA.22.4.1

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This study analyzes the residential mobility and housing tenure choices of older homeowners. A discrete-time competing risks model was estimated using the Korean Labor and Income Panel Study data from 2003 to 2012 in which ‘move-own’, ‘move-rent’ and other choices can be made if a homeowner chooses to change their housing arrangement. Estimation results showed that the relative hazard rate of ‘move-own’ events compared to the ‘stay-own’ option is influenced by factors such as the presence of a spouse, divorce/death of a spouse, increase in the number of children, household real income, and the relative cost of home ownership. The relative hazard rate of ‘move-rent’ events compared to the ‘stay-own’ option was found to be influenced by the presence of a spouse, divorce/death of a spouse, householder’s health, the ratio of housing assets to total assets, and the relative cost of ownership. Odds ratios were relatively higher for demographic variables, but economic variables such as household real income and the relative cost of ownership also exhibited significant odd ratios. These results provide meaningful implications in understanding the future of the Korean housing market, which is undergoing rapid population ageing and changes in household composition.

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