Taiwan Household’s Housing Affordability Problem: Interactions between Housing Rent and Income

• Main Authors: Wu,Yu Ting, 吳玉婷
• Other Authors: Chen,Chien Liang
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/52545879256991888257

碩士 === 國立暨南國際大學 === 管理學院經營管理碩士學位學程碩士在職專班 === 100 === Due to the high rising housing price for decades in Taiwan and the enlarging gap between the rich and the poor, most of the households are facing the dilemma in between high housing costs and low family income. Survey of Family Income and Expenditure data, from 1984 to 2004, are employed in this study to analyze the housing affordability problem of Taiwanese households. It is found that both homeowner and renter are facing increased burden over the past two decades. The higher the household total income, the faster the income would rise and that will expand the gap between the rich and the poor. The trend of deteriorating housing affordability is prevalent over the entire income distribution: the lower the household income, the more serious of the household has to face the deterioration in particular. Through the OLS Regression and quantile regression models, findings of the study shows that covariates of head age, head’s education, spouse existing, household size, urban household and Taipei city are positively correlated with rent-to-income ratio, as for the renter that urban household and Taipei city are positively correlated with rent-to-income ratio. These evidences are in line with the increasing housing prices and the worsen income distribution. The trends between homeowner and renter are, however, different. These trends may bring income poor and housing poor together. This study use quantile regression analysis on housing affordability issue that is rare in the literature. Findings of this study may contribute to provide complementary evidences of the literature as well as housing policy recommendations.