부모의 주택 소유 여부가 자녀의 주거 안정성과 출산 결정에 미치는 영향 = The Impact of Parental Homeownership on Children’s Housing Stability and Childbirth Decisions

다국어 초록 (Multilingual Abstract)

This study approaches the issue of low fertility from the perspective of structural inequality in residential assets. It empirically examines how parental homeownership influences the timing of children’s independence, housing tenure choices, and childbirth decisions. Utilizing data from the Korean Labor and Income Panel Study spanning 2000 to 2023, the study employs a range of statistical techniques, including random-effects logistic regression, Kaplan-Meier survival analysis, Cox proportional hazards models, and generalized structural equation modeling. The findings reveal that children of homeowner parents are approximately 4.25 times more likely to become homeowners themselves. Homeownership, in turn, is significantly associated with earlier timing of both first and second childbirth. Notably, the influence of parental housing assets is strongest at the time of first childbirth and has a sequential effect on the second. These results suggest that fertility decisions are shaped not only by individual economic conditions but also by structural factors such as intergenerational transfers of housing assets and the resulting residential stability. Accordingly, fertility policy should extend beyond direct support for young adults to address housing inequality by narrowing asset gaps and reinforcing stable housing foundations.