주택연금 신청자의 공간적 결정요인 분석

Spatial Determinants of Housing Reverse Mortgage Applicants in Korea

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to analyze spatial determinants of housing reverse mortgage applicants in Korea. (2) RESEARCH METHOD This study is based upon the Negative Binominal regression model with a focus of 211 shi-gun-gu in Korea. In order to analyze the spatial determinants of the frequency of housing reverse mortgage application, three sorts of exploratory variables are employed including demographic and social variables, regional income and housing value variables and dwelling variables obtained from Korea Housing Finance Corporation, Korea Statistics Office and Kookmin Bank. (3) RESEARCH FINDINGS Regional attributes are found to be determinant s of housing reverse mortgage application. Income and housing value related variables are important in an understanding of housing reverse mortgage application. In addition, housing dwelling factors such as the type of housing are significant in the application of housing reverse mortgage. 2. RESULTS This study shows that the regional high education level, the value of housing, the above average ratio of apartments in housing stock, the number of the elderly are positively related with the spatial distribution of housing reverse mortgage applicants, while the regional above average ratio of long-term living period, percapita income and a change in housing price are negatively associated with it. Moreover, there is a significant difference between the capital and non-capital regions in the applicants of housing reverse mortgage.