| Title |
A Study on the Commercialization of Low-rise Residential Areas and the Changes in Household Composition: Hongdae as a Case Study |
| Authors |
박영은(Park, Young-Eun) ; 양희진(Yang, Hee-Jin) |
| Keywords |
주거지 상업화; 상업적 젠트리피케이션; 토지이용의 외부효과; 거주만족도; 순위형 로짓모형 Commercialization of Residential Areas; Commercial Gentrification; Land Use Externalities; Residential Satisfaction; Ordered Logit Model |
| Abstract |
Focusing on the changes in land use characteristics of low-rise residential areas, this study aims to provide empirical evidence on the commercialization of residential areas and its effect on the household composition. The main findings are as follows. First, although the commercialization has resulted in a decrease in the overall population and households, the proportion of households without children including single-person households has significantly increased. Second, the analysis of residential satisfaction shows that a trade-off relationship exists between ‘convenience’ and ‘disamenity’ factors, and the disamenity effect is large enough. Third, households without children are relatively insensitive to the disamenity effect compared to households with children, while the enhanced convenience has a significant positive effect on the former groups’ residential satisfaction. These results raise the need for public intervention in minimizing negative externalities caused by the commercialization as well as for community management plans that respond to the changes of population and household composition. |