DOI QR코드

DOI QR Code

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

  • Received : 2011.10.06
  • Accepted : 2012.01.25
  • Published : 2012.01.30

Abstract

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.

Keywords

Schwabe's Hypothesis;Homeowenrship;Seoul Metropolitan Area;Probit Model;Blinder-Oaxaca Decomposition Method

References

  1. 김경환, 서승환(2006), 도시경제 제 3판, 홍문사.
  2. 김경환, 신혜경(2008), 주택정책의 방향전환을 위하여, 한반도선진화재단.
  3. 박천규, 이수욱, 손경환(2009), "가구생애주기를 감안한 주택수요특성 분석 연구", 국토연구, 60: 171-187.
  4. 이성우(2002), "지역특성이 인구이동에 미치는 영향: 독립이동과 연계이동", 지역연구, 18(1): 49-82.
  5. 이성우, 민성희(2002), "주거밀도로 측정한 출신지역별 주거수준 차이, 1990-2000", 국토계획, 37(7): 137-155.
  6. 이성우, 임형백(2003), "서울 이주자의 출신지별 자가비율격차로 분석한 지역차별", 한국인구학, 26(1): 171-194.
  7. 이중희(1997), 주택경제론, 박영사.
  8. 임재현, 한상삼, 정승영, 최신용(2008), 주택정책론, 부연사.
  9. 장지웅(2010), 주택시장 30년 파노라마, 책나무출판사.
  10. 진홍철, 강동우, 이성우(2010), "수도권 자가소유 및 점유성향의 변화 특성, 1995-2005", 국토연구, 66: 73-91.
  11. 천진홍, 이성우(2007), "이주 유형이 자가소유에 미치는 영향에 관한 연구: 결정요인과 이동유형별 주거선택과의 연계성을 중심으로", 한국지역지리학회지, 13(6): 651-673.
  12. 통계청(1974), 한국표준직업분류 3차개정판.
  13. 통계청(1992), 한국표준직업분류 4차개정판.
  14. 통계청(2000), 한국표준직업분류 5차개정판.
  15. 하성규(2009), "주택점유형태에 따른 사회적 자본과 주거공동체 활성화", 주택연구, 17(4): 77-94.
  16. 하성규, 이성우(2001), "서울 거주자의 출신지역별 자가소유 특성 비교 분석을 통해 살펴본 지역격차와 지역차별", 한국지역개발학회지, 13(2): 33-56.
  17. Blinder, A. S. (1973), "Wage discrimination: reduced form and structural estimates", The Journal of Political Economy, 82(2): 389-398.
  18. Blinder, A. S. (1976), "On dogmatism in human capital theory", The Journal of Human Resources, 8(4): 436-455.
  19. Bourassa, S. C., D. R. Haurin, J. R. Haurin, and P. H. Hendershott, (1994), "Independent living and homeownership: an analysis of Australian youth", Australian Economic Review, 107(3): 29-44.
  20. Clark, W. A. V., M. S. Deurloo, and F. M. Dieleman (2000), "Housing consumption and residential crowding in U.S. housing marekts", Journal of Urban Affairs, 22(1): 49-63. https://doi.org/10.1111/0735-2166.00039
  21. Coulson, N. E. and M. Dalton (2010), "Temporal and ethnic decompositions of homeownership rates: Synthetic cohort across five censuses", Journal of Housing Economics, 19: 155-166. https://doi.org/10.1016/j.jhe.2010.03.001
  22. Goodman, A. C. (1988), "An econometric model of housing price, permanet income, tenure choice, and housing demand", Journal of Urban Economics, 23: 327-353. https://doi.org/10.1016/0094-1190(88)90022-8
  23. Green, R. K. (1996), "Should the stagnant homeownership rate be a source of concern?", Regional Science and Urban Economics, 26: 337-368. https://doi.org/10.1016/0166-0462(95)02119-1
  24. Gyourko, J. and R. Linneman (1996), "Analysis of the changing influences on traditional households' ownership patterns", Journal of Urban Economics, 39: 318-341. https://doi.org/10.1006/juec.1996.0017
  25. Haurin, D., T. L. Parcel and R. J. Haurin. (2002) "Does homeownerhip affect child outcomes?", Real Estate Economics, 30(4): 635-666. https://doi.org/10.1111/1540-6229.t01-2-00053
  26. Haurin, D. R, P. H. Hendershott and D. Kim (1994), "Housing decisions of American youth", Journal of Urban Economics, 35(1): 28-44. https://doi.org/10.1006/juec.1994.1002
  27. Hendershott, P. (1988), "Household formation and homeownership: Impacts of demographic, sociological, and economic factors", Housing Finance Review, 7: 201-224.
  28. Lakshmanan, T. R. (1978), "Housing consumption and level of development: A cross-natinal comparison", Economic Geography, 54(3): 222-233. https://doi.org/10.2307/142836
  29. Lee, S. W. and W. S. Zhee (2001), "Independent and linked migration: individual returns of employment opportunity and household returns to poverty for African American interstate migration". Annals of Regional Science, 35: 605-635. https://doi.org/10.1007/s001680100059
  30. Lee, S. W. and C. C. Roseman (1999), "Migration determinants and employment consequences of white and black families", Economic Geography, 75: 109-133. https://doi.org/10.2307/144247
  31. Lee, S. W. and D. Myers (2003), "Local housing-market effects on tenure choice", Journal of Housing and the Built Environment, 18: 129-157. https://doi.org/10.1023/A:1023982712210
  32. Lim, G. C., J. Follain, and B. Renaud (1980), "Determinants of home-ownership in a developing economy: the case of Korea", Urban Studies, 17: 13-23. https://doi.org/10.1080/00420988020080021
  33. Malpezzi, S. (1999), "Economic analysis of housing markets in developing and transition economies", Handbook of regional and urban economics vol. 3, Edited by E.S. Mills and P. Cheshire, Amsterdam, New York: Elsevier Science.
  34. Megbolugbe, I. F. and P. D. Linneman (1993), "Home ownership", Urban Studies, 30(4): 659-682. https://doi.org/10.1080/00420989320081861
  35. Oaxaca, R. (1973), "Male-female wage differentials in urban labor markets", International Economic Review, 14(3): 693-709. https://doi.org/10.2307/2525981
  36. Segal, L. M. and D. G. Sullivan (1998), "Trends in homeownership: race, demographics, and income", Economic Perspective, 22: 53-72.
  37. Struyk, R. J. and S. Marshall (1974), "The determinants of home ownership", Urban Studies, 11: 289-299. https://doi.org/10.1080/00420987420080551
  38. Yates, J. (2000), "Is Austalia's home-ownership rate really stable? an examination of change between 1975 and 1994", Urban Studies, 37(2): 319-342. https://doi.org/10.1080/0042098002212
  39. Yun, M. S. (2004), "Decomposition differences in the first moment", Economics Letters, 82(2): 275-280. https://doi.org/10.1016/j.econlet.2003.09.008