주거비용이 청년층의 가구형성에 미치는 영향 분석
Housing Costs and Household Formation of Young Adults in Korea
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This paper examines the determinants of household formation of young adults with a special emphasis on the effects of housing costs. Based on KLIPS data in 2004 and 2008, probit models were estimated to understand household formation behavior of young adults with 20 to 35 years of age. The estimation results indicate that, while the age and labor income of young adults are important factors for young adults to leave their parental homes and to form new households, their marital status is found to be the most significant determinant. The marginal effect analysis shows that when a young adult is married, the probability of forming a new household increases as much as 78%. Chonsei price as housing costs is also found to be influential to household formation of young adults. An increase of Chonsei price as much as 10 million Won decreases the probability of household formation as much as 1.3 percent. If the annual rate of increase in Chonsei price is 10 percent point higher, the probability decreases as much as 0.2 percent.
Abstract
This paper examines the determinants of household formation of young adults with a special emphasis on the effects of housing costs. Based on KLIPS data in 2004 and 2008, probit models were estimated to understand household formation behavior of young adults with 20 to 35 years of age. The estimation results indicate that, while the age and labor income of young adults are important factors for young adults to leave their parental homes and to form new households, their marital status is found to be the most significant determinant. The marginal effect analysis shows that when a young adult is married, the probability of forming a new household increases as much as 78%. Chonsei price as housing costs is also found to be influential to household formation of young adults. An increase of Chonsei price as much as 10 million Won decreases the probability of household formation as much as 1.3 percent. If the annual rate of increase in Chonsei price is 10 percent point higher, the probability decreases as much as 0.2 percent.
참고문헌 (16)
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