우리나라 가구의 주택 전·월세 선택 결정요인 분석
A Study on Rental Housing Tenure Choice of Households in Korea
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참고문헌
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초록
This study attempts to examine how households choose between the two types of rental contracts, Chonsei and Monthly Rent with Variable Deposit (MRVD), and whether there exist any difference in the way of deciding a rental contract type. Probit models are estimated after theoretically analyzing the structure for selecting optimal rental housing contract type. Contrary to existing literature, we carefully derived the relative cost of rental housing and incorporated the variable in our estimation. The estimation results show that net asset and permanent income are important determinants on the choice of Chonsei over MRVD contract. The relative cost of rental housing is found to significantly affect the choice of rental contract type. The larger the amount of net asset and the larger the permanent income, and the smaller the rental cost of Chonsei over the rental cost of MRVD, it is more likely that households choose Chonsei over MRVD. Overall, our analysis indicates that net asset, permanent income and relative cost of rental housing are important factors in deciding a rental contract type.
Abstract
This study attempts to examine how households choose between the two types of rental contracts, Chonsei and Monthly Rent with Variable Deposit (MRVD), and whether there exist any difference in the way of deciding a rental contract type. Probit models are estimated after theoretically analyzing the structure for selecting optimal rental housing contract type. Contrary to existing literature, we carefully derived the relative cost of rental housing and incorporated the variable in our estimation. The estimation results show that net asset and permanent income are important determinants on the choice of Chonsei over MRVD contract. The relative cost of rental housing is found to significantly affect the choice of rental contract type. The larger the amount of net asset and the larger the permanent income, and the smaller the rental cost of Chonsei over the rental cost of MRVD, it is more likely that households choose Chonsei over MRVD. Overall, our analysis indicates that net asset, permanent income and relative cost of rental housing are important factors in deciding a rental contract type.
참고문헌 (13)
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