A Study on Factors Influencing Move-in of Youth Householders into Public Rental Housing

Abstract

This study empirically analyzed the factors affecting youth householders’ move-in into public rental housing assuming its cause of low occupancy as an imbalance between the demand and the government’s supply policies. The result shows the move-in intention into public rental housing by youth householders and household characteristics, housing by region, and public rental housing were significant. For the housing, the house size, household income, and housing expenses were significant. For the housing by region, the housing rate of houses less than 40㎡ and the comprehensive Jeonse price index were significant. The public rental houses, the size of houses, rental fees, and residence period were also significant. In particular, the characteristics of public rental houses were highly significant, which were not fully examined in the previous studies. The study's implications are as follows. First, for the policy to effectively expand income standards for young households, the quality of housing must be improved as well. Second, a preliminary inspection of the number of small private houses and the increase in Jeonse prices are needed when supplying public rental housing to each region. Third, there should be affirmative actions to improve housing policies related to housing space, residence period, and standards for conversion into rental housing. In particular, minimum housing standards should be improved, but the burden of housing fees should be alleviated. Lastly, the supply of urban houses needs to be revitalized.