households with or without home-ownership in terms of their income and net asset. In particular, it develops a two-stage logit …

residential area, it is necessary for some elderly households to preserve their income by disposing houses under insufficient … households decreasing demand for housing and shrinking residential areas. In addition, as the number of elderly household with 1 … households' steady demand for leases.In order to prevent structural changes in house market, due to population aging, from …

-parent households, which cannot pool family members’ income, is lower in Korea than in most countries. Using simulation methods …

households, GDP and interest rate, which attracts foreign directed investments; increase in demands will cause increase in price …