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2025 Vol.36, Issue 6 Preview Page

Research Article

Determinants of Housing Size Across the Life Cycle - Evidence from the 2010 Recession and the 2020 Boom -

생애주기별 주택규모 결정요인 분석 - 2010년 쇠퇴기와 2020년 호황기 비교를 중심으로 -

Esther Jun1
,
Hwan-yong Kim2
전 에스더1
,
김 환용2
1정회원(주저자), 한양대학교대학원 건축설계학과 박사과정
2정회원(교신저자), 한양대학교 건축학과 교수
Corresponding AuthorHwan-yong Kim, Department of Architectural Design, Hanyang University ERICA, 55 Hanyangdaehak-ro, Sangnok-gu, Ansan-si, Gyeonggi-do, 15588, Korea. E-mail: hykim@hanyang.ac.kr
25 December 2025. pp. 073-086
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Abstract

This study examines determinants and temporal changes in housing size by life cycle stage using 2010 and 2020 Korea Housing Survey data. The two periods represent contrasting market conditions: the post-global financial crisis downturn and the asset market boom following COVID-19. Household economic capacity (permanent income, net assets, real estate asset ratio), housing costs, tenure type, housing type, and residential location (Seoul Metropolitan Area vs. non-metropolitan areas) were analyzed for their effects on housing size. Net assets and housing type consistently emerged as key determinants, with asset-based influence strengthening in 2020. Housing costs and income effects declined, while residence in the Seoul Metropolitan Area consistently reduced housing size. Life cycle transition analysis showed that moving to a higher stage over ten years increased the influence of net assets and housing type, with stronger constraints from metropolitan residence. These findings highlight that market cycles and life cycle transitions jointly reshape housing size determination, calling for tailored housing supply and financial support policies, alongside measures to improve residential conditions across regions.

Keywords
Life Cycle
Housing Size
Housing Market Cycle
Life Cycle Transition Analysis
키워드
생애주기
주택 규모
주택경기
전이 분석
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Information
  • Publisher :The Korean Housing Association
  • Publisher(Ko) :한국주거학회
  • Journal Title :Journal of the Korean Housing Association
  • Journal Title(Ko) :한국주거학회논문집
  • Volume : 36
  • No :6
  • Pages :073-086
  • Received Date : 2025-11-11
  • Revised Date : 2025-11-18
  • Accepted Date : 2025-11-24
  • DOI :https://doi.org/10.6107/JKHA.2025.36.6.073
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