IDEAS home Printed from https://ideas.repec.org/a/ire/issued/v28n022025p149-176.html

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. repec:cup:apsrev:v:62:y:1968:i:01:p:25-42_11 is not listed on IDEAS
    3. repec:cup:apsrev:v:62:y:1968:i:1:p:25-42_1 is not listed on IDEAS
    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. Maaike Diepstraten & Rudy Douven & Bram Wouterse, 2019. "Can your house keep you out of a nursing home?," CPB Discussion Paper 397, CPB Netherlands Bureau for Economic Policy Analysis.
    2. Manyi Luo & Shihu Zhong & Jie Chen, 2024. "The sweet burden: Does homeownership improve the economic status of households?," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
    3. Maaike Diepstraten & Rudy Douven & Bram Wouterse, 2019. "Can your house keep you out of a nursing home?," CPB Discussion Paper 397.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    4. Mathieu Djaballah & Christopher Hautbois & Michel Desbordes, 2015. "Non-mega sporting events’ social impacts: A sensemaking approach of local governments’ perceptions and strategies," Post-Print hal-03550805, HAL.
    5. Fehr, Hans & Hofmann, Maurice, 2020. "Tenure choice, portfolio structure and long-term care – Optimal risk management in retirement," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    6. Jiang, Boqian, 2018. "Homeownership and voter turnout in u.s. local elections," Journal of Housing Economics, Elsevier, vol. 41(C), pages 168-183.
    7. Carole Bonnet & Sandrine Juin & Anne Laferrère, 2019. "Private Financing of Long‑Term Care: Income, Savings and Reverse Mortgages," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 507-508, pages 5-24.
    8. Bergeot, Julien & Tenand, Marianne, 2023. "Does informal care delay nursing home entry? Evidence from Dutch linked survey and administrative data," Journal of Health Economics, Elsevier, vol. 92(C).
    9. Weijie Wang & Taek Kyu Kim, 2024. "Do government performance signals affect citizen satisfaction?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 43(3), pages 846-870, June.
    10. Sandrine Juin, 2016. "Care for dependent elderly people : dealing with health and financing issues," Erudite Ph.D Dissertations, Erudite, number ph16-02 edited by Thomas Barnay, June.
    11. Raun Ooijen & Rob Alessie & Adriaan Kalwij, 2015. "Saving Behavior and Portfolio Choice After Retirement," De Economist, Springer, vol. 163(3), pages 353-404, September.
    12. Dilmaghani, Maryam & Dean, Jason, 2020. "Sexual orientation and homeownership in Canada," Journal of Housing Economics, Elsevier, vol. 49(C).
    13. Eli Beracha & Alexandre Skiba & Ken H Johnson, 2017. "Housing Ownership Decision Making in the Framework of Household Portfolio Choice," Journal of Real Estate Research, American Real Estate Society, vol. 39(2), pages 263-288.

    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.