Abstract
This study aims to clarify the effect of regional characteristics on residential satisfaction of Seoul citizens by using data from the 2017 Housing Survey and the Seoul Open Data Square. For this purpose, path analysis of the structural equation model is used to identify the different policy implications for age groups with sub-samples of the whole age group, the elderly, and the young. Our results present various regional characteristics that have direct and indirect effects on residential satisfaction among all ages, senior citizens, and young adults in Seoul. In particular, the area of green space, the number of firms, the number of institutes, and the number of medical facilities are found to increase the residential satisfaction of the citizens in Seoul. However, these effects are not the same for older people and younger people. Older people tend to have higher residential satisfaction as there are well-equipped medical facilities in the area, and young people tend to prefer areas with more jobs and various amenities near their residence. These results suggest that a policy that is intended to improve residential satisfaction in Seoul should be differentiated by age groups.
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