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미국의 저소득층 주택 개발이 주변 지역 주택가격에 미치는 영향에 관한 연구경향 분석 - 실증 연구 방법론에 대한 비판적 고찰 -

Analysis of Research Trends Examining the Impacts of Subsidized Housing Developments on Nearby Property Values in the U.S. : A Critical Review on Empirical Methodologies

우아영
한국부동산분석학회 (Korea Real Estate Analysts Association(Kreaa))|2015.06|부동산학연구 (Journal of the Korea Real Estate Analysts Association)|제21권 제2호|pp. 71-82

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참고문헌

키워드

파급효과주택가격housing pricesspillover effects공공 보조 주택 개발헤도닉 가격 방법론AITS-DID 방법론subsidized housing developmentshedonic price approachAdjusted Interrupted Time Series-Difference in Differences (AITS-DID) approach
주제분류경제학

초록

The “Not In My Back Yard” (NIMBY) attitude toward subsidized housing developments has been a longstanding concern of policy makers and urban planners providing affordable housing for the disadvantaged population. The core issue of strong community opposition to subsidized housing stems from the fear of property value deprecation in neighborhoods. Although many studies have examined whether low-income housing developments negatively affect nearby property values for decades, the results of previous studies have produced conflicting results; some studies have found a negative impact, while others have found a positive, or even no impact of subsidized housing developments. This study examines eighteen studies in the U.S. estimating the impacts of subsidized housing development on neighboring housing prices and identifies the key findings and methodological limitations of previous studies. This paper reveals that the majority of previous studies have a critical limitation with respect to lack of identifying for the causal direction of the impacts of subsidized housing in their empirical methodologies. By exploring a quasi-experimental research methodology clarifying the direction of causality, this study discusses research opportunities that can help policy makers and urban planners better understand whether low-income housing developments in Korea negatively or positively affect surrounding housing prices.

Abstract

The “Not In My Back Yard” (NIMBY) attitude toward subsidized housing developments has been a longstanding concern of policy makers and urban planners providing affordable housing for the disadvantaged population. The core issue of strong community opposition to subsidized housing stems from the fear of property value deprecation in neighborhoods. Although many studies have examined whether low-income housing developments negatively affect nearby property values for decades, the results of previous studies have produced conflicting results; some studies have found a negative impact, while others have found a positive, or even no impact of subsidized housing developments. This study examines eighteen studies in the U.S. estimating the impacts of subsidized housing development on neighboring housing prices and identifies the key findings and methodological limitations of previous studies. This paper reveals that the majority of previous studies have a critical limitation with respect to lack of identifying for the causal direction of the impacts of subsidized housing in their empirical methodologies. By exploring a quasi-experimental research methodology clarifying the direction of causality, this study discusses research opportunities that can help policy makers and urban planners better understand whether low-income housing developments in Korea negatively or positively affect surrounding housing prices.

참고문헌 (48)

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