Effects of private education fever on tenure and occupancy choices in Seoul, South Korea

Abstract

This study investigates how private education fever affects tenure and occupancy choices in Seoul, South Korea. We used a bivariate probit model to control for sample selection bias that could be caused by sample selectivity from a chain of tenure and occupancy choices. This study found that households with school-age children seem to utilise housing occupancy choice through location choice. Moreover, opportunity for private education is more important to households with school-age children than for households without school-age children, and households with school-age children are more likely to choose a housing occupancy and residential location offering better chances for private education. The study’s main contributions, limitations, and policy implications are described.