자가소유와 주택담보대출이 가구 소비성향에 미치는 영향

• 영문명: Impacts of Housing Tenure Choice and Mortgage Payment on Household’s Propensity to Consume
• 발행기관: 한국도시부동산학회(구.도시정책학회)
• 저자명: 김천일
• 간행물 정보: 『도시부동산연구』14권 3호, 49~71쪽, 전체 23쪽
• 주제분류: 사회과학 > 정책학
• 파일형태: PDF
• 발행일자: 2023.09.30

영문 초록

Households, who buy a house, would initially spend less because some equity investment is inevitable. They, however, get to be better off later in terms of household consumption than renters once they enter the stage of paying off the mortgage debt regularly because the uncertainty on how much they save for housing purchase in the future is eliminated. The purpose of this study is twofold: (1) to explore the impact of propensity to own a home on household’s propensity to consume, and (2) to test whether or not the amount of mortgage payment has a crowd-out effect on the propensity to consume. As for the empirical analysis, this study employed the two-step estimation methodolgy to address the potential reverse causality and sample selection bias in the relationship of housing tenure choice with propensity to consume, and in the linkage of mortgage payment with propensity to consume, respectively. This study provides evidence that those effects are significant, and they are greater for lower-income households. These findings justify the differentiated policy tools by income in devising and executing micro- and macro-prudential measures.

목차

Ⅰ. 서론

Ⅱ. 선행연구의 고찰 및 연구의 차별성

Ⅲ. 분석모형

Ⅳ. 실증분석

Ⅴ. 결론

참고문헌

키워드

주택점유형태 소유성향 소비성향 주택담보대출 표본선택편의 Housing Tenure Choice Propensity to Own Propensity to Consume Mortgage Payment Sample Selection Bias