Housing satisfaction is one of the most powerful factors in establishing elderly welfare policy. Especially housing satisfaction along with economic factors is one of the most important factors in the life satisfaction. The main purpose of this study ...
Housing satisfaction is one of the most powerful factors in establishing elderly welfare policy. Especially housing satisfaction along with economic factors is one of the most important factors in the life satisfaction. The main purpose of this study is to investigate the determinants of the housing satisfaction of elderly people (65 and over) and potential elderly group (55-64) for building the age considered welfare policies. The ordered panel probit regression and Pooled OLS methods are used in this study because the Korean Retirement and Income Study Panel Dataset on the satisfaction are composed of the ordered category panel data. The results revealed that economy, neighborhood, and leisure variables are commonly fundamental to the housing satisfaction irrespective of age groups and analysis methods. Based on these findings, the Korean government should establish the pension policy which stabilizes the economic status for the senior groups. She also should make an effort to recover the social community system for the elderly households for neighborhood and leisure variables.