자가 거주가 기혼 가구주의 이혼 결정에 미치는 영향 분석

Although many studies have sought to identify the determinants of divorce at micro- and macro-levels, there are only few studies that empirically analyzed the effect of homeownership on divorce decisions in Korea. Using the Korea Labor and Income Panel Study data from 2011 to 2019 and employing a discrete-time hazard model, this study examines the effect of homeownership on the divorce hazard rate of married household heads. By dividing tenure status into owner-occupation, cheonsei, and monthly rent, the differential effects of each tenure status on divorce hazard rate are also analyzed. Estimation results showed that household heads who are homeowners have a lower risk of divorce than those who are tenants. Compared to tenant household heads, home-owning household heads are likely to continue to be married for longer periods. This finding suggests that homeownership not only acts as a financial barrier to divorce, but it also increases marital satisfaction by providing housing stability. On the other hand, household heads under monthly rental contracts are found to have a higher risk of divorce than home-owning household heads. The burden of higher housing costs relative to income and the consequent economic stress appear to cause marital dissatisfaction, resulting in increased risk of divorce.