주택가격 및 거래량 변동에 따른 가구소득효과 분석

초록

The co-movement between housing price and housing transaction volume has been investigated by many other studies. The decrease in transaction volume resulting from the fall in housing price affects the income of household engaged in the related industries of the relevant region in the short term. This paper examines the effects of housing price appreciation and its resulting increase in transaction volume on the household income based on this market mechanism. Empirical result is that housing price appreciation has positive (+) effect on the household income, both the rate of income growth and the model of log income. Especially the result of estimation from the final model shows that 10% rise of housing price increases 2.0% rise of household income on average. And the household income increases 1.8% in case of the household engaged in the real estate industry, when the type of household is divided into two - one engaged in the real estate industry and the other engaged in the non-real estate industry. The result from this study shows that the rise of the housing price increases the rise of the household income in the short term. And the price effect on the income of household engaged in the real estate industry is higher than the other. Through this study, the effect of the housing price on the household income is empirically examined.

키워드