IDEAS home Printed from https://ideas.repec.org/a/ire/issued/v28n022025p149-176.html
   My bibliography  Save this article

The Impact of Real Estate Factors on Voter Turnout: Local Elections in Korea

Author

Listed:
  • Sangmin Lee

    (Konkuk University)

  • Yeonjae Lee

    (Konkuk University)

  • Minwoo Kim

    (Konkuk University)

  • Seungwoo Shin

    (Konkuk University)

Abstract

This study investigates the factors that affect voter turnout in local elections in Korea by using a panel fixed effects model. Cross-sectional analyses for each election compare the influence of these factors over time. In the panel fixed effects model, the coefficients for non-urban and urban areas point in the opposite directions. From an urban perspective, owner-occupied housing rates positively affect voter turnout, while apartment resident rates negatively affect it. Thus, increasing apartment supply without a rise in owner-occupied status can reduce voter turnout. Among the social factors, an aging population positively affects turnout, while an increase in foreigners has a negative effect. With urbanization continuing globally, promoting housing finance markets and effective housing supply policies to increase owner-occupied housing can enhance housing welfare and democratic development.

Suggested Citation

  • Sangmin Lee & Yeonjae Lee & Minwoo Kim & Seungwoo Shin, 2025. "The Impact of Real Estate Factors on Voter Turnout: Local Elections in Korea," International Real Estate Review, Global Social Science Institute, vol. 28(2), pages 149-176.
    • Handle: RePEc:ire:issued:v:28:n:02:2025:p:149-176
    as

    Download full text from publisher

    File URL: http://www.gssinst.org/irer/wp-content/uploads/2025/07/2-MS24052501-Real-Estate-Factors-on-the-Voter-Turnout-Lee.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jan Rouwendal & Fleur Thomese, 2013. "Homeownership and Long-Term Care," Housing Studies, Taylor & Francis Journals, vol. 28(5), pages 746-763, July.
    2. Riker, William H. & Ordeshook, Peter C., 1968. "A Theory of the Calculus of Voting," American Political Science Review, Cambridge University Press, vol. 62(1), pages 25-42, March.
    3. Riker, William H. & Ordeshook, Peter C., 1968. "A Theory of the Calculus of Voting," American Political Science Review, Cambridge University Press, vol. 62(1), pages 25-42, March.
    4. Holian, Matthew J., 2011. "Homeownership, dissatisfaction and voting," Journal of Housing Economics, Elsevier, vol. 20(4), pages 267-275.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cantoni, Enrico & Gazzè, Ludovica & Schafer, Jerome, 2021. "Turnout in concurrent elections: Evidence from two quasi-experiments in Italy," European Journal of Political Economy, Elsevier, vol. 70(C).
    2. Robbett, Andrea & Matthews, Peter Hans, 2018. "Partisan bias and expressive voting," Journal of Public Economics, Elsevier, vol. 157(C), pages 107-120.
    3. León, Gianmarco, 2017. "Turnout, political preferences and information: Experimental evidence from Peru," Journal of Development Economics, Elsevier, vol. 127(C), pages 56-71.
    4. Ni, Xinwen, 2019. "Voting for Health Insurance Policy: the U.S. versus Europe," IRTG 1792 Discussion Papers 2019-012, Humboldt University of Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series".
    5. Abraham Aldama & Mateo Vásquez-Cortés & Lauren Elyssa Young, 2019. "Fear and citizen coordination against dictatorship," Journal of Theoretical Politics, , vol. 31(1), pages 103-125, January.
    6. Lirong Xia, 2020. "How Likely Are Large Elections Tied?," Papers 2011.03791, arXiv.org, revised Jul 2021.
    7. Ming Li & Dipjyoti Majumdar, 2010. "A Psychologically Based Model of Voter Turnout," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(5), pages 979-1002, October.
    8. Schnellenbach, Jan & Schubert, Christian, 2015. "Behavioral political economy: A survey," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 395-417.
    9. Alastair Smith & Bruce Bueno de Mesquita & Tom LaGatta, 2017. "Group incentives and rational voting1," Journal of Theoretical Politics, , vol. 29(2), pages 299-326, April.
    10. Stephen Coate & Michael Conlin, 2002. "Voter Turnout: Theory and Evidence from Texas Liquor Referenda," NBER Working Papers 8720, National Bureau of Economic Research, Inc.
    11. Battaglini, Marco, 2005. "Sequential voting with abstention," Games and Economic Behavior, Elsevier, vol. 51(2), pages 445-463, May.
    12. Assar Lindbeck & Jörgen Weibull, 1987. "Balanced-budget redistribution as the outcome of political competition," Public Choice, Springer, vol. 52(3), pages 273-297, January.
    13. Klien, Michael & Melki, Mickael & Pickering, Andrew, 2021. "Voter turnout and intergenerational redistribution," Journal of Comparative Economics, Elsevier, vol. 49(2), pages 603-626.
    14. Londregan, John & Vindigni, Andrea, 2006. "Voting as a Credible Threat," Papers 10-04-2006, Princeton University, Research Program in Political Economy.
    15. Francesca Acacia & Maria Cubel Sanchez, 2014. "Strategic voting and happiness," Chapters,in: A Handbook of Alternative Theories of Public Economics, chapter 7, pages 160-176 Edward Elgar Publishing.
    16. François Facchini & Louis Jaeck, 2019. "Ideology and the rationality of non-voting," Rationality and Society, , vol. 31(3), pages 265-286, August.
    17. Orla Doyle & Patrick Paul Walsh, 2005. "Did political constraints bind during transition? Evidence from Czech elections 1990 - 2002," Trinity Economics Papers 2000515, Trinity College Dublin, Department of Economics.
    18. Sidney Verba & Kay L. Schlozman & Henry E. Brady, 2000. "Rational Action and Political Activity," Journal of Theoretical Politics, , vol. 12(3), pages 243-268, July.
    19. François Facchini & Abel François, 2005. "Territorial captivity and voter participation in national election: a theoretical and empirical analysis," Post-Print hal-00270739, HAL.
    20. Alessandro Morselli, 2021. "Individual decisions and collective choices in the history of economic thought," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 77-96,97-11.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ire:issued:v:28:n:02:2025:p:149-176. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: IRER Graduate Assistant/Webmaster (email available below). General contact details of provider: https://www.gssinst.org/gssinst/index.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.