After the Korean government initiated the provision of the permanent public rental housing in 1989, there has been a variety of policy measures to provide decent housing for low-income households. As of 2009, the ratio of the public rental housing to the total housing became 4.8 percent. It is widely agreed that the nation needs to build more public housing and to target a wider range of the types of households. However, the expansion of such development projects has resulted in worries and oppositions in the impacted neighborhoods, which have insisted that such developments bring about negative impacts on the adjacent neighborhoods. This study explores the impact of recently developed public rental housing (“Kukmin” rental housing) on the nearby housing markets. The paper adopts a quasi-experimental design to deal with the possible endogeneity for the construction of public rental housing by adopting an extended treatment to the canonical difference-in-difference method. This research finds that the public housing projects increase the value of surrounding properties.
목차
Abstract Ⅰ. Introduction Ⅱ. AITS-DID Methodology and Its Extension Ⅲ. Descriptive Statistics Ⅳ. Regression Results and Impact Estimates Ⅴ. Conclusion 정책적 시사점 References
키워드
Public rental housingNIMBYDifference-in-differencesAITS
한국도시부동산학회(구 도시정책학회) [Korea Urban & Real Estate Association]
설립연도
2010
분야
사회과학>행정학
소개
"한국도시부동산학회는 바람직한 미래의 도시상을 만들어갑니다"
우리 학회는 도시와 교통, 건축과 부동산 분야 등 정책 중심의 융합 연구 활동을 지향하고 있습니다.
시대 변화에 능동적으로 대응하고자 최근 이슈가 되고 있는 기후와 에너지, 4차 산업혁명과 AI, ESG 등 융합 아젠다를 발굴하여 다루는 작지만 강한 강소학회(强小學會)입니다.
간행물
간행물명
도시부동산연구 [Journal of Urban Studies and Real Estate]