장기전세주택(SHift) 거주자 소비효율성 분석에 대한 연구

Abstract

This study analyze the consumption efficiency of long-term rental housing (SHift) provided by Seoul Housing and Communities Corporation (SH). For this purpose, the implicit rent subsidy from the government, which is expressed as the difference between the estimates SHift rent per unit and the rent actually paid, is set as the expense in our model. And we estimated the value of the benefits from the increase in the utility from living in SHift by using Hicks’s equivalent variation analysis for the benefit-cost analysis. In addition, we conduct a regression to examine how the benefits of SHift are affected by income and household characteristics. Finally, we find the estimated consumption efficiency of SHift is 0.87 on average.