Oh, D. (1995).Households with
rent burdens: Impact on other spending and factors related to the probability
of having a rent burden. Financial Counseling and Planning, 6,139-146.
Households with Rent
Burdens: Impact on Other Spending and Factors Related to the Probability of
Having A Rent Burden
Dong-Hoon Oh (1)
Analysis of the 1980-1991
Consumer Expenditure Survey showed that 36% of renter households spent more
than 30% of after-tax incomes on housing (rent burden), with a generally upward
trend from 1982 to 1991. Households with a rent burden tended to be older,
lower income, were more likely to overspend, and had lower budget shares for
transportation, food away from home, apparel, entertainment, alcohol, vehicle,
reading, cash contributions, insurance and pensions than households without a
rent burden. In a multivariate analysis income, household size, being single
and larger city size were positively related to the risk of having a rent
burden.
Key Words: housing affordability,
housing cost ratio, rent burden, Consumer Expenditure Survey
1. Dong-Hoon Oh, Associate Research
Fellow at Korea Research Institute for Human Settlements, Kyungwon University,
104-101, Dong-Ah Apt., Sinkok 2-Dong, Uijongbu-city, Kyungki-Do, Korea,
480-070. Phone: 011-82 (351) 848-9686 Fax: 011-82 (2) 338-1749. E-mail: syparkoh@chollan.dacom.co.kr.