Effect of house prices on marriage: Evidence from Korea

Jung Joo La

Journal of Asian Economics, 2025, vol. 100, issue C

Abstract: Using a dynamic general equilibrium model, this study analyzes the effect of house prices on marriage. This study is the first to analyze the relationship between house prices and marriage using a general equilibrium approach. Studies typically focus on empirical analyses or use a partial equilibrium approach to illuminate the relationship between house prices and marriage. The calibrated results obtained using Korean data show that a 1 % decline in house prices resulting from an increase in policy-supported housing supply increases the number of marriages by 0.03 % but decreases total real consumption by 0.16 %.

Keywords: House prices; Marriage; General equilibrium (search for similar items in EconPapers)
JEL-codes: E27 J12 R21 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:100:y:2025:i:c:s1049007825001228

DOI: 10.1016/j.asieco.2025.101998

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