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Moderating Effects of Housing Tenure Change on the Longitudinal Relationship Between Housing Relocation and Life Satisfaction

Author

Listed:
  • Gum-Ryeong Park

    (University of Toronto)

  • Bo Kyong Seo

    (The Hong Kong Polytechnic University)

  • Jinho Kim

    (Korea University
    Korea University
    University of Wisconsin-Madison)

Abstract

This study aimed to estimate (a) trajectories of life satisfaction before and after housing relocation and (b) how changes in housing tenure at the time of relocation affect life satisfaction trajectories. Using data from the Korea Welfare Panel Study spanning 2006 to 2021 (N = 9,369), we examined the anticipatory, immediate, and long-term impacts of housing relocation on life satisfaction. We employed individual-level fixed effects models. This study also conducted housing tenure-stratified analysis to determine whether changes in tenure at the time of relocation affect the longitudinal association between housing relocation and life satisfaction. Our study found that life satisfaction decreased in the year leading up to housing relocation but showed an immediate increase during the relocation year. However, this rebound did not result in a long-term improvement, as life satisfaction eventually returned to baseline levels. Regarding housing tenure changes, persistent owner-occupiers experienced an immediate increase in life satisfaction during the year of relocation, while persistent renters did not experience any significant changes in life satisfaction before or after relocation. Individuals transitioning from renters to owner-occupiers reported higher levels of life satisfaction both before and after relocation. In contrast, those transitioning from owner-occupiers to renters experienced a decline in life satisfaction before relocation, with no significant changes in the year of relocation or afterward. These findings highlight the varying impacts of housing relocation on life satisfaction, influenced by changes in housing tenure.

Suggested Citation

  • Gum-Ryeong Park & Bo Kyong Seo & Jinho Kim, 2024. "Moderating Effects of Housing Tenure Change on the Longitudinal Relationship Between Housing Relocation and Life Satisfaction," Journal of Happiness Studies, Springer, vol. 25(7), pages 1-16, October.
    • Handle: RePEc:spr:jhappi:v:25:y:2024:i:7:d:10.1007_s10902-024-00805-z
    DOI: 10.1007/s10902-024-00805-z
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    References listed on IDEAS

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    1. Gum-Ryeong Park & Jinho Kim, 2023. "Trajectories of Life Satisfaction Before and After Homeownership: The Role of Housing Affordability Stress," Journal of Happiness Studies, Springer, vol. 24(1), pages 397-408, January.
    2. Andrew E. Clark & Luis Diaz-Serrano, 2023. "Do individuals adapt to all types of housing transitions?," Review of Economics of the Household, Springer, vol. 21(2), pages 645-672, June.
    3. Park, HyunJee & Kim, Jinho, 2024. "Perceived social position, active engagement with life, and depressive symptoms among older adults," Social Science & Medicine, Elsevier, vol. 345(C).
    4. Viola Angelini & Agar Brugiavini & Guglielmo Weber, 2014. "The dynamics of homeownership among the 50+ in Europe," Journal of Population Economics, Springer;European Society for Population Economics, vol. 27(3), pages 797-823, July.
    5. Reto Odermatt & Alois Stutzer, 2022. "Does the Dream of Home Ownership Rest Upon Biased Beliefs? A Test Based on Predicted and Realized Life Satisfaction," Journal of Happiness Studies, Springer, vol. 23(8), pages 3731-3763, December.
    6. Tobias Wolbring, 2017. "Home Sweet Home! Does Moving Have (Lasting) Effects on Housing Satisfaction?," Journal of Happiness Studies, Springer, vol. 18(5), pages 1359-1375, October.
    7. Daniël J. Herbers & Clara H. Mulder & Juan A. Mòdenes, 2014. "Moving Out of Home Ownership in Later Life: The Influence of the Family and Housing Careers," Housing Studies, Taylor & Francis Journals, vol. 29(7), pages 910-936, October.
    8. Jinho Kim & Sungsik Hwang, 2024. "Separating the Effects of Transitions Into and Out of Social Isolation and Loneliness on Cognitive Function in Later Life," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 79(7), pages 497-511.
    9. Naoki Nakazato & Ulrich Schimmack & Shigehiro Oishi, 2011. "Effect of Changes in Living Conditions on Well-Being: A Prospective Top–Down Bottom–Up Model," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 100(1), pages 115-135, January.
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