SHERP

Choice of Rental Housing in a Developing Economy

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Authors
Kim, SeonJae
Issue Date
1989
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 2 (No. 2 1989): 161-188
Keywords
korea rental housingKorea rental housing marketnumber of family members
Abstract
This study attempts to build a Korean rental housing choice model in which households choose their dwelling units using hierarchical logit analysis. The decision is viewed as a partial sequence process, beginning with the choice of rental housing tenure and finishing with a decision on the type of occupation. The study incorporates hedonic price technique into our hierarchical logit model in order to contribute an additional step in the urban spatial structure. In addition, it estimates permanent and transitory components of income through the instrumental variables method based on human capital theory. To compare our model with other models, the multinomial logit analysis is proposed.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/865
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.02(2) (Summer 1989)
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