Abstract

The purpose of the study is to analyze the determinants that affect elderly households’ intention to move and a potential destination (between regions or within a region), with the elderly who resides in Busan, Ulsan, and Gyengsangnam-do, by demographic characteristics, residential environmental characteristics, and economic characteristics, using Korea housing survey. The study uses a bivariate probit model for the analysis, considering the characteristics of dependent variables. The major findings are as followed. First, the variables influencing the elderly households’ intention to move and a potential destination are householder age, housing occupancy type, stress related to housing expense, and value of housing assets. Second, it is found that the variables only affecting the elderly households’ residential mobility plan are householder educational background, the number of household members, housing type, housing area, residential region, housing satisfaction, residential environment satisfaction, National Basic Living Security, and value of total assets. Third, the variable that has significant effects on the elderly households’ potential destination only is retirement status of householder. According to the findings, it is necessary to decide policy priority and prepare housing policy for the elderly households.

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