Housing Behaviors for Older Households in South Korea: The Role of Intergenerational Networks

This study assesses the predictions of future mobility rates and tenure choice behaviors by characterizing older households by age and place, focusing on the role of intergenerational networks. This study employed mixed effects logistic regression along with longitudinal household data acquired from the 2008–2020 Korea Longitudinal Study of Aging. The findings are as follows. First, co-residence with children encouraged older people to remain in their current places of residence. In contrast, those within 30 min of a child’s house by public transportation tended to experience residential mobility and dissave their accumulated housing wealth. Second, the effects of intergenerational networks on housing behaviors—independent living, residential mobility, and tenure transition—seemed greater and statistically significant for the oldest cohort, aged 75 years and above, and in non-metropolitan areas. Finally, intergenerational networks might help vulnerable households—being single or having poor health—stay in their current independent living situations, but they did not appear to be major factors influencing housing decisions, such as residential mobility or housing adjustments, in older households. In conclusion, intergenerational networks seem to have a partial direct impact on aging in place (AIP) in Korea. Instead, older Koreans tend to relocate closer to their children and seem to age in those areas. Understanding the reasons why older households choose to stay or leave their current homes is crucial, as it relates to aging in place (AIP), a widely used term in aging-related matters and a goal of elderly housing policies. This study provides seminal insights into this issue.

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