Effect of Housing Support Programs on Residential Satisfaction and the Housing Cost Burden: Analysis of the Effect of Housing Support Programs in Korea Based on Household Attributes

Abstract

Korea is implementing housing support programs such as public rental housing and housing allowances to improve the housing welfare of low-income households. In this study, we empirically analyzed the effects of the public rental housing program and the housing allowance program on residential satisfaction and the housing cost burden of policy beneficiaries. In accordance with household attributes, we analyzed how the status of using these programs affected each group's residential satisfaction and housing cost burden. We used the data from the 2020 Korea Housing Survey conducted by the Ministry of Land, Infrastructure and Transport. We examined the housing support programs' effects on each of the following household groups: all households, one-person households, households of newlywed couples, young adult households, and households of the elderly. The status of residing in public rental housing positively affected the residential satisfaction among all households, one-person households, and households of the elderly. It reduced the housing cost burden for all household types. The status of receiving the housing allowance negatively affected the residential satisfaction for all households and increased the housing cost burden for young adult households. We present policy implications for future housing support programs based on the findings.