Bo-Rim Park, Jun-Hyung Kim and Mack Joong Choi (2013-02), "Housing tenure of single person households: focusing on age and income factors," Journal of the Korean Planners Association, 48(1): 149-163. (in Korean)
Abstract
It has been generally accepted that the single-person households prefer renting to owning. This hypothesis supports the governmental policy increasing rental housing provision. However, it has been also found that single-person households are so heterogeneous in terms of housing demand. Based on the 2010 Korean Welfare Panel Study (KOWEPS), this paper analyzes the effect of single-person household on the tenure choice. The preference for rental housing among single-person households is still observed. However, when breaking down the total sample into age/income groups. this pattern is statistically significant only for the middle-aged and ageing households or middle-income households. In addition, being single-person household affects the impact of age and income on the tenure choice. These results imply that before providing rental housing based on the increasing single-person households, the analysis should be performed about the age or income-composition of them.
Keywords
single person households; housing tenure; housing demand; ageing population; Korean Welfare Panel Survey