This study examines changes in housing insecurity among young adults from a longitudinal perspective, recognizing the dynamic nature of young adulthood. The objective of the study is to explore shifts in housing insecurity and to identify the factors ...
This study examines changes in housing insecurity among young adults from a longitudinal perspective, recognizing the dynamic nature of young adulthood. The objective of the study is to explore shifts in housing insecurity and to identify the factors affecting entry into and exit from housing insecurity. Using data from the Seoul Youth Panel in 2021 and 2022, housing insecurity is measured across three dimensions, and changes over one year are categorized. The sample consists of 40% of individuals experiencing persistent security, 33% experiencing persistent insecurity, 14% exiting insecurity, and 13% entering security, indicating that the transition into and out of housing insecurity is quite dynamic. Empirical results from the logistic regression models reveal several key findings. Firstly, crises in employment and social domains significantly correlate shifts in housing insecurity among young people. Unstable employment and unsatisfactory job conditions increase the risk of entering, and decrease the likelihood of exiting housing insecurity. Social isolation and lower social support increase the risk of entry into housing insecurity, while higher social support enhances the likelihood of exiting housing insecurity.
Secondly, residential characteristics play a pivotal role in the transition of housing insecurity. Those living in non-apartments and renters are considerably less likely to exit housing insecurity compared to those living in apartments and homeowners, respectively. Furthermore, residing in rooftop or semi-subterranean location, or undergoing residential moves, significantly elevate the risk of entering housing insecurity. Thirdly, external supports appear to have a limited role in achieving housing security for young adults. Parental economic resources significantly facilitate exiting housing insecurity, whereas governmental housing policy benefits show no significant effect.
These findings provide important implications for policy-making aimed at addressing and preventing housing insecurity among young adults.