주택연금 계약해지 위험에 관한 연구
A Study on the Termination Hazard of the JooTeakYeonKeum
0
조회
0
다운로드
12
인용
0
참고문헌
키워드
초록
This study investigates the hypothetical reasons for the termination of JooTeakYeonKeum usingquarterly performance data on borrowers from the Korea Housing Finance Corporation for the period ofJanuary 2010 through June 2013, fourteen quarters in total. We employ a random effect panel probitregression procedure to estimate the model coefficients. We classify the independent variables into twocategories. First, we specify time-invariant variables such as various dummy variables, borrower’s age atthe time of subscription, the age and value of a collateralized house, and the type of draw-down schemeinvolved. Second, we also regress on time-varying variables such as the number of reconstruction andredevelopment units, CD rates, and house price appreciation rates. We find that house price appreciation rate, an apartment dummy, number of reconstruction andredevelopment units, the regional death rate, and borrower age are positively associated in statisticallysignificant magnitudes with the termination hazard that JooTeakYeonKeum faced.
Abstract
This study investigates the hypothetical reasons for the termination of JooTeakYeonKeum usingquarterly performance data on borrowers from the Korea Housing Finance Corporation for the period ofJanuary 2010 through June 2013, fourteen quarters in total. We employ a random effect panel probitregression procedure to estimate the model coefficients. We classify the independent variables into twocategories. First, we specify time-invariant variables such as various dummy variables, borrower’s age atthe time of subscription, the age and value of a collateralized house, and the type of draw-down schemeinvolved. Second, we also regress on time-varying variables such as the number of reconstruction andredevelopment units, CD rates, and house price appreciation rates. We find that house price appreciation rate, an apartment dummy, number of reconstruction andredevelopment units, the regional death rate, and borrower age are positively associated in statisticallysignificant magnitudes with the termination hazard that JooTeakYeonKeum faced.
참고문헌 (15)
- 김이영, "연령별 인구이동이 주택가격 변화에 미치는 영향 연구", 국토계획, 48(5), pp.67~80 (2013), 대한국토·도시계획학회
- 김상현, "고령화에 따른 주택연금 활성화를 위한 이용자 실태 연구", 부동산학연구, 17(4), pp.45~58 (2011), 한국부동산분석학회
- 김성문, "노인주거복지시설 입주에 영향을 미치는 요인 분석 연구 - 진주시를 중심으로 -", 주거환경, 12(2), pp.85~98 (2014), 한국주거환경학회
- 민인식, "패널데이터분석" (2012), 지필미디어
- 신승우, "주택연금 가입 주택 포트폴리오 가격지수에 관한 연구", 국토연구, 76, pp.3~13 (2013), 국토연구원
- 안상모, "주택연금 상품 선택의 결정요인에 관한 분석", 주택연구, 21(1), pp.127~154 (2013), 한국주택학회
- 유선종, "주택연금 계약특성이 월지급금에 미치는 영향", 국토연구, 77, pp.175~188 (2013), 국토연구원
- 유선종, "주택연금 계약해지의 결정요인에 관한 연구", 부동산학연구, 19(2), pp.57~75 (2013), 한국부동산분석학회
- 이지영, "고령화 과정에서 거주행태 분석을 통한 고령자의 주택개조 수용력에 관한 연구", 주거환경, 12(1), pp.233~247 (2014), 한국주거환경학회
- 황재훈, "2013년도 주택연금 수요실태 조사", 주택금융월보, pp.44~81 (2013), 한금주택금융공사
- Cox, D. R., "Analysis of Survival Data, Monographs on Statistics and Applied Probability" (1984), Chapman and Hall
- Szymanoski, E., "Home Equity Conversion Mortgage Terminations: Information to Enhance Developing Secondary Market", Cityscape: A Journal of Policy Development and Research, 9(1), pp.5~40 (2007)
- "국가통계포털", 통계청[URL]
- "한국은행, 경제통계시스템"[URL]
- "KB 국민은행 부동산"[URL]