주택가격이 소비와 저축에 미치는 효과

• 영문명: The Effect of Housing Price on Consumption and Savings - Focused on the Difference between Consumption Elasticity and Saving Elasticity by Age -
• 발행기관: 한국부동산학회
• 저자명: 길혜민(Kil, Hye Min) 김광석(Kim, Kwang Seok) 박혁서(Park, Hyeok Seo)
• 간행물 정보: 『부동산학보』不動産學報 第54輯, 258~271쪽, 전체 13쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2013.09.30

영문 초록

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to evaluate the consumption elasticity and saving elasticity of housing asset. Consumption elasticity and saving elasticity of assets were calculated by age to identify the differences in consumption and saving behavior depending on the age. (2) RESEARCH METHOD To confirm the consumption elasticity and saving elasticity by age through the 13th year(2010) data from KLIPS(Korean Labor and Income Panel Study), a cross-sectional regression analysis was conducted. (3) RESEARCH FINDINGS Major research findings are as follows. 1) Marginal propensity to consume rises as one gets older in both housing assets and financial assets. 2) Marginal propensity to consume from housing assets is higher than that of financial assets. On the other hand, marginal propensity to save from financial assets is higher than that of housing assets. 3) Even though saving elasticity to housing prices was not significant in all age groups, it was significant in the 35-44 group and 55 and above. 4) Analysis of elasticity and saving elasticity by the age revealed they are different between housing assets and financial assets. 2. RESULTS Housing is an asset that has the biggest impact on household consumption. unlike financial assets. In the age group most socially active(35-44), housing serves the role of asset accumulation for the future and a source of consumption after retirement (Consumption elasticity is the highest among those 55 and older). Therefore, it would be necessary for the government to consider it from various angles for housing asset value conservation.

목차

Abstract

Ⅰ. 서론

Ⅱ. 이론적 고찰 및 선행연구 검토

Ⅲ. 분석의 틀

Ⅳ. 실증 분석

Ⅴ. 결론

參考文獻

키워드

자산효과 생애주기가설 주택가격 소비 저축 탄력성 Wealth Effect Life Cycle Hypothesis Housing Price Consumption Savings Elasticity