scholarly journals Housing Cost Burdens and Parental Support for Young Renters in South Korea

2021 ◽  
Vol 13 (19) ◽  
pp. 11105
Author(s):  
Hyun-Jeong Lee ◽  
Yoon-Seo Hwang
Keyword(s):  
Linear Combination ◽  
Parental Support ◽  
Financial Support ◽  
Independent Living ◽  
Rental Housing ◽  
Housing Cost ◽  
Online Questionnaire ◽  
Discriminant Model ◽  
Housing Subsidies ◽  
Financial Burdens

In Korea, the housing issues faced by young renters negatively impact both their parents and themselves. This study aimed at exploring young renters’ situations whereby they receive financial support from their parents in order to pay current housing expenses, and their perception of housing cost burdens. Additionally, this study examined the influences on the reception of parental support and their perceived housing cost burdens. In February and March of 2021, an online questionnaire survey was conducted amongst young renters living independently from their parents and 385 responses from Jeonse renters and monthly renters with deposits in private rental housing units were analyzed. The major findings are as follows: (1) among the subjects, 43.4% had experienced receiving parental support in order to pay for housing expenses since their first instance of independent living, and 35.6% were still receiving parental support. (2) A discriminant model with a linear combination of the variables of age, income, residential location and rental deposit was found effective in predicting the receipt of parental support with 66.5% accuracy. (3) A linear combination of the variables of gender, rental deposit and monthly cash housing expenses was found to explain 5.8% of the total variance of perceived housing cost burdens. The results imply the necessity to expand the provision of public housing and housing subsidies to alleviate the financial burdens of young renters and their parents.

Direct Subsidies and Housing Affordability in Australian Private Rental Markets

10.1068/c0445 ◽  
2005 ◽  
Vol 23 (5) ◽  
pp. 759-783 ◽  
Author(s):  
Gavin A Wood ◽  
Matthew Forbes ◽  
Kenneth Gibb
Keyword(s):  
Low Income ◽  
Policy Design ◽  
Housing Affordability ◽  
Housing Cost ◽  
Microsimulation Model ◽  
Change Of Direction ◽  
Housing Subsidies ◽  
The Social ◽  
Maintenance Systems ◽  
Rental Markets

Many countries have undergone a broad retreat from the use of indirect (supply) subsidies to meet low-income housing-affordability problems, shifting to direct subsidies often linked to means-tested income-maintenance systems. Although the reasons for this change of direction are well documented, the efficacy of direct housing subsidies in terms of tackling affordability remains in question. The authors examine in detail one such system, Australia's Rent Assistance (RA) programme, making use of a microsimulation model of the Australian housing market linked to a model of the social security system. It is found that there is considerable targeting error because many low-income renters are ineligible for direct subsidies. It is also found that RA is relatively ineffective in overcoming affordability problems in high housing cost areas of Australia. Although RA does not of itself contribute much to poverty-trap problems, it may deter unemployed households from moving to areas where job vacancies exist. The authors conclude that future comparative work could usefully analyse the distributional and behavioural impacts of different forms of housing allowances. Moreover, alternative policies could be recalibrated within the microsimulation model in order to examine the first-round impacts of policy design change.

scholarly journals Extremely low-income households, housing affordability and the Great Recession

Urban Studies ◽  
2017 ◽  
Vol 55 (8) ◽  
pp. 1615-1635 ◽  
Author(s):  
Michael C Lens
Keyword(s):  
Low Income ◽  
Great Recession ◽  
Regression Models ◽  
Low Cost ◽  
Rental Housing ◽  
Housing Affordability ◽  
Median Income ◽  
Section 8 ◽  
The Great Recession ◽  
Housing Subsidies

The effects of the Great Recession on housing equity and homeownership have been well-documented. However, we know little about how rental households fared and the efficacy of housing subsidies in addressing affordability gaps. This paper examines the extent to which rental housing became less affordable for Extremely Low-Income (ELI) households – those earning less than 30% of the Area Median Income (AMI). I then run regression models to determine the local characteristics most strongly associated with larger affordability gaps, with a focus on whether housing subsidies are effective at combating such gaps. Rental affordability gaps became more pronounced during the Great Recession. In nearly 70% of the counties in my sample, there was an increase from 2007 to 2010 in the number of ELI households per affordable rental unit. Across the country, the increase was 17%, a dramatic increase in only three years. There is considerable variation across the country, with acute affordability crises often concentrated in the South, particularly Florida. Regression models provide compelling evidence that housing vouchers, public housing, and project-based Section 8 subsidies play an important role in limiting the extent to which large numbers of ELI households are competing for a shortage of low-cost rental units. However, these programmes do not respond quickly to local needs – such as those brought about by the Great Recession. A pilot study where local housing authorities had funding to be more agile and responsive would be an important step toward crafting better policy.

scholarly journals Faktor Niat Berwirausaha Pada Mahasiswa Fakultas Ekonomi Di Jakarta Barat

2021 ◽  
Vol 3 (4) ◽  
pp. 1158
Author(s):  
Van-ni Van-ni ◽  
Andi Wijaya
Keyword(s):  
Financial Support ◽  
Sampling Method ◽  
Private University ◽  
Entrepreneurial Intentions ◽  
Questionnaire Data ◽  
Online Questionnaire ◽  
Research Education ◽  
Entrepreneurial Attitudes ◽  
Entrepreneurial Attitude ◽  
Economics Faculty

The purpose of this study was to determine the effect of entrepreneurship education, financial support on the entrepreneurial attitudes and entrepreneurial intentions from economics faculty students at private universities in West Jakarta. This study uses the Judgment sampling method. Research respondents were collected from 100 private university students who were previously distributed through an online questionnaire. Data analysis using SEM-PLS. In the results of research, education and financial support have an effect on entrepreneurial attitudes for entrepreneurship. Entrepreneurial attitude has an effect on entrepreneurial intentions. Tujuan penelitian ini adalah mengetahui adanya pengaruh dari pendidikan kewirausahaan, dukungan finansial kepada sikap kewirausahaan dan niat berwirausaha dari mahasiswa dan mahasiswi fakultas ekonomi pada perguruan tinggi swasta di Jakarta barat. Penelitian menggunakan metode Judgement sampling. Responden penelitian terkumpul dari 100 mahasiswa perguruan tinggi swasta yang sebelumnya disebarkan melalui kuisioner Online. Analisis data menggunakan SEM-PLS. Pada hasil penelitian pendidikan dan dukungan finansial berpengaruh pada sikap kewirausahaan untuk berwirausaha. Sikap kewirausahaan berpengaruh pada niat kewirausahaan.

The Poverty Line and the Value of Public Rental Housing Subsidies to the Poor

2017 ◽  
Author(s):  
Yue Chim Richard Wong
Keyword(s):  
Rental Housing ◽  
Poverty Line ◽  
Poor People ◽  
The Public ◽  
Housing Subsidies ◽  
The Poor ◽  
Public Rental Housing ◽  
The Government ◽  
Ownership Rights ◽  
Sixtieth Anniversary

There is one very simple and costless way to alleviate poverty in one fell swoop. All one has to do is to transfer full private ownership rights of the public housing units to the occupying tenant free of charge. . … This would, according to the government study, lift 600,000 households in public rental housing above the poverty line. This would have been the best Christmas gift the Poverty Commission could bestow on the poor people in Hong Kong on the eve of the sixtieth anniversary of the Shek Kip Mei Fire.

scholarly journals ATTITUDES TOWARD PARENTAL FINANCIAL SUPPORT OF YOUNG-ADULT CHILDREN

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S673-S673
Author(s):  
Radion Svynarenko
Keyword(s):  
Young Adult ◽  
Adult Children ◽  
Parental Support ◽  
Financial Support ◽  
Financial Assistance ◽  
Social Expectations ◽  
Good Parent ◽  
College Tuition ◽  
Social Importance ◽  
Gender Specific

Abstract Studies have shown that Americans do not save enough for retirement because they prioritize providing support of their young-adult children over saving for retirement. Attitudes toward parental support has been largely overlooked in existing literature. Using a factorial vignette experimental design and a sample of 500 Americans of age 40 and older, this study investigated how manipulation of contextual factors changed endorsement of parental support. This study found that endorsement of parental support varied depending on the goal of support, whether it was to purchase a car, pay for school tuition, or to pay for down payment for a house. Thus, 67% of respondents endorsed parental financial assistance with purchasing a car, 44% endorsed down payment for a house, and only 38% endorsed paying for college tuition, reflecting overall social importance of these three elements in becoming an adult person. Gender of the child did not affect endorsement of parental financial support to adult children, indicating that there were no gender specific social expectations of who should receive more support from parents, daughters or sons. The major motives of parental support included (a) desire to be a “good parent” and to take responsibility for the child, (b) expectation that children would eventually pay back their parents, and (c) desire to make sacrifice for own children. Parental support may provide numerous benefits to both children and their parents; however, it is important to educate parents on ways to support their children without threatening their own financial needs in retirement.

scholarly journals Young Adult Graduates Living in the Parental Home: Expectations, Negotiations, and Parental Financial Support

2016 ◽  
Vol 38 (17) ◽  
pp. 2449-2473 ◽  
Author(s):  
Anne West ◽  
Jane Lewis ◽  
Jonathan Roberts ◽  
Philip Noden
Keyword(s):  
Young Adult ◽  
Adult Children ◽  
Parental Support ◽  
Financial Support ◽  
The United States ◽  
University Graduates ◽  
The United Kingdom ◽  
Financial Arrangements ◽  
Middle Class Families ◽  
Depth Interviews

In the United Kingdom and the United States, significant numbers of university graduates live with their parents, but little is known about expectations regarding parental support. This article focuses on a sample of British middle-class families and their coresident young adult children. It explores the extent to which parents and their graduate children have consistent expectations regarding coresidence and financial support and how such support is negotiated. Fifty-four in-depth interviews with parents and adult children were conducted. The findings reveal that expectations regarding coresidence were broadly consistent across parents and graduate children. Furthermore, within families, there was broad consistency regarding expectations of financial support, although there was variation between families. The nature and ways in which financial arrangements were negotiated varied between families, between parents, and between children. Expectations appear to be shaped by the child’s circumstances and norms, with negotiations of different types enabling a way forward to be agreed.

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