ZEMCH 2019 International Conference Proceedings April.2020

residential regions. The further residential circumstances were applied for the analysis as using the statements of anticipating period for housing purchase. 3. Results 3.1. Descriptive analysis The descriptive analysis results of the 2015 Newlyweds Panel Analysis of Housing Conditions are shown in Table 1. The average age of the wives of the newlyweds was 32.24 years old. The average annual income was 4,810.5 million won for households, and the average monthly mortgage was 28.5 million won. According to the characteristics of the newlyweds, the ratio of households living in a rental house (70.6%) was higher than the ratio of households owning a house (29.4%), and the ratio of households living in an apartment (61.7%) was higher than the ratio of households living in a non‐apartment (38.3%). Although this can be interpreted as the newlyweds tend to prefer living in an apartment, it is regarded that urban‐based surveys were conducted in which many of the participants reside under the characteristics of the newlyweds. Table 1. Descriptive analysis Variable Type Dependent Variables Inde pen dent Vari ables Demographics Economics Housing Resident‐ Satisfaction Further Circumstances Variable Name Frequency Yes The presence No of children Yes The presence No of fertility plan Age of wife (years) 1st to 2nd‐yr Marriage 3rd to 5th‐yr period Metropolitan Residential region Non‐metropolitan Annual Income ( pre‐tax / million won) Mortgage (monthly / million won) Single Dual‐income Dual status Owned Ownership Lease status Apartment Residential Non‐apartment type Basic environment Housing setting Environment of residential areas The anticipated years of housing purchase 2,114 588 1,889 813 ‐ 1,367 1,335 1,519 1,183 ‐ ‐ 1,169 1,533 795 1,907 1,666 1,036 Ratio (%) 21.8 72.2 69.9 30.1 ‐ 50.6 49.4 56.2 43.8 ‐ ‐ 43.3 56.7 29.4 70.6 61.7 38.3 ‐ ‐ ‐ ‐ Standard Deviation Min Max Average ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 19 ‐ ‐ ‐ ‐ 0 0 ‐ ‐ 49 ‐ ‐ ‐ ‐ 28,000 650 ‐ ‐ 32.24 ‐ ‐ ‐ ‐ 4,810.5 28.5 ‐ ‐ 4.03 ‐ ‐ ‐ ‐ 2,064.9 46.8 ‐ ‐ ‐ 1 1 1 4 4 4 2.94 2.93 2.91 0.53 0.57 0.56 ‐ 0 11.7 8.6 50.15 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 3.2. Residential environments impacts on the fertility intention We analyzed whether the newlyweds have the fertility intention in particular situations regardless of having children using Model 1 (Table 2). The result showed that the fertility plan was correlated with the age of wives and marriage duration. Non‐metropolitan residents have 1.369 times higher fertility plan than residents in the metropolitan area. This can be interpreted as a result of economic factors such as high price, child support expenses, education expenses, and income instability, despite the relatively large proportion of the young population in their 20s‐30s in the metropolitan area [7‐10]. In terms of housing characteristics, newlyweds living on rent have 1.614 times higher fertility plan than newlyweds living at their own homes. The newlyweds living in a rental house showed 1.680 times (1‐2 years of marriage) and 1.521 times (3‐5 years of marriage) higher fertility intention, respectively than those who owned their house. Although this is inconsistent with the general perception that rental housing would give a negative impact on fertility than the case of owning a house, these results are consistent with the values (24.4% of owned , 43.9% of rental) of the 2015 the Newlyweds Panel Analysis Residential Environmental Factors Influencing Fertility Intention of Newlyweds in South Korea 78

ZEMCH 2019 International Conference Proceedings April.2020 | Page 89