The baby boomers constitute the huge population accounting for 7,140,000 persons, 15.2% of the total population as of the end of 2006. If they come to retire from their workplace, the aged population would rapidly increase, amounting to 7,750,000pers...
The baby boomers constitute the huge population accounting for 7,140,000 persons, 15.2% of the total population as of the end of 2006. If they come to retire from their workplace, the aged population would rapidly increase, amounting to 7,750,000persons, 15.6% of the total population in 2020. According to the questionnaire research, a considerable proportion of the baby-boom generation would hand their own houses down to their children in their old age but move their residence to another place.
Seeing that the baby boomers constitute the great proportion of the total population, the magnitude of housing demand and supply would expand very much in 10 years. It is anticipated that the pattern of housing demand and supply will change greatly as the baby-boom generation has a new culture, a characteristics different from the current aged generation. Accordingly, it is very urgent to establish the housing policy considering the location, type and size of residence to provide them with comfortable and convenient residence through the forecasting of the future housing demand of those baby boomers.
Therefore, this study attempted to analyze factors such as baby boomers' residence satisfaction and residence choice, elicit the effect of baby boomers' residence satisfaction on residence choice and their causal relationship and grope the supply-side housing policy plan to resolve their residential problem.
For this purpose, this study conducted the questionnaire research for the baby boomers living in the region of Ilsan New Town, Gyeonggi Province Seoul through the target group interview method. The factor analysis of structural equation model, confirmatory factor analysis and path analysis were conducted about collected data by using SPSS 12.0 and AMOS 18. Previous studies thus far conducted about such factors as baby boomers' residence satisfaction and residence choice were adopted as the object of this study. This study conducted confirmatory factor analysis about all the factors found in prior research background, experience and previous studies. The comprehensive study was conducted that took them into consideration by eliminating the factors inappropriate to the research model and then setting the model.
As a result of confirmatory factor analysis, 10 factors were chosen in the residence satisfaction model determined as the measurement model, and 15 factors were chosen in the model of measuring residence choice factors. And it was found that all the variables were statistically significant.
The survey was conducted about the intention to move residence and the opinion about the preferred form of housing before investigating the effect of residence satisfaction on residence choice. About 67% of the responding baby boomers had the intention to move after retirement in the future and about 55% had the intention to move their residence to other areas. It was found that many of the responding baby boomers hoped the rural area of the metropolitan area around Seoul as the preferred dwelling place. About 64 of them wanted their own house, and about 64% wanted to the garden form of detached house. The area of the preferred housing was found to be 34 pyong on average.
Confirmatory factor analysis and correlation analysis were conducted to such factors as residence satisfaction and residence choice. An attempt was made to make a statistical analysis of the effect of baby boomers' residence satisfaction on residence choice. As a result, the following conclusion was drawn:
First, residence satisfaction relating to such variables as accessibility, health, leisure, stability and neighbor had a statistically significant effect on residence choice. It was found that it had a relatively small effect on blood tie(child problem and hometown).
Second, path analysis was conducted by using standardized path coefficients by region in relation to Kangnam and Ilsan areas. As a result, it was found that residence choice was influenced by residence satisfaction factor in order of health, leisure, neighbor, stability and blood tie in the Kangnam area. It was found that residence choice was influenced by residence satisfaction factor in order of stabilit, neighbor, health, leisure, accessibility in the Ilsan area.
Based on the findings of research conducted in relation to the retirement of the baby boomers, the matters to be considered at the time of establishing the housing supply policy for baby boomers are as follows:
First, it is desirable to supply the small form of residence for only aged couples to live a life away from their children.
Second, it is necessary to develop the housing land near the metropolitan area though the facility is fostered to guarantee health, leisure and stability.
Third, the rural or suburban area is desirable as the residential area, and is needed to collectivize to form the community.
Fourth, it is necessary to take a measure against unplanned development and prepare for sound housing supply as housing supply is anticipated to increase in the area around the metropolitan area, especially the rural area.