가구특성을 고려한 장기주택수요 예측모형 - 보완된 Mankiw & Weil 모형을 적용하여 -An Estimation Model of Long-Term Housing Demand Considering Household Types
- Other Titles
- An Estimation Model of Long-Term Housing Demand Considering Household Types
- Authors
- 이창무; 박지영
- Issue Date
- Oct-2009
- Publisher
- 대한국토·도시계획학회
- Keywords
- Long-term Housing Demand; Mankiw-Weil; Household Types; 장기주택수요; 맨큐-웨일; 가구유형
- Citation
- 국토계획, v.44, no.5, pp.149 - 161
- Indexed
- KCI
- Journal Title
- 국토계획
- Volume
- 44
- Number
- 5
- Start Page
- 149
- End Page
- 161
- URI
- https://scholarworks.bwise.kr/hanyang/handle/2021.sw.hanyang/176010
- ISSN
- 1226-7147
- Abstract
- Mankiw and Weil (1989) demonstrated how a change of age structure exerts impacts on housing demand. Although M-W model has produced strong debates and criticisms, it has a high potential for improvement to analyze detailed characteristics of housing demand. One way for improvement is to incorporate various household characteristics in their demand estimation model. We develop a modified M-W model to incorporate various household factors like household type, income, and housing cost in the framework of M-W model. Korean housing market is experiencing drastic demographic changes including slowing population growth, increasing portion of aged households, reducing household size and a rapid growth in the number of one-man household. Using the modified model, we estimate long-term housing demand in Korean housing market.
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