シム　スンギュ   SIM, Seung-Gyu   沈　承揆    所属   青山学院大学  国際政治経済学部 国際経済学科    職種   教授
言語種別	韓国語
発行・発表の年月	2022/04
形態種別	学術雑誌
査読	査読あり
標題	An Analysis of the Household Characteristics by Residential Type and Region: Focused on Income and Wealth Effects
執筆形態	共同
掲載誌名	LHI Journal
掲載区分	国外
出版社・発行元	LAND & HOUSING INSTITUTE
巻・号・頁	13(1),55-65頁
著者・共著者	Ye-Eun Jeong, Seung-Gyu Sim, Gihoon Hong
概要	This paper investigates the distinct characteristics of freehold and leasehold households living in the seven largest cities and the other areas. We employ the two-stage logit regression analysis to identify the marginal effects of wealth and income after controlling for the other one. We document the following results. First, households with more net wealth are more likely to reside in their own houses, regardless of living areas. Second, the pure income effect after controlling for wealth and other variables lowers the tendency of freeholders to live in the seven largest cities while increasing the tendency to live in the other areas. Furthermore, the income effects reduce the tendency to live in the former regions. Our results suggest that the pure income effects enhance preferences for a better living environment (e.g., larger spaces, better school districts, etc.), whereas the wealth effect increases the likelihood of freeholds.