@article {11600,
	title = {Aging, Property Taxes, and Housing Adjustments: Lessons From the Health and Retirement Study},
	journal = {Housing Policy Debate},
	volume = {31},
	year = {2021},
	pages = {947-966},
	abstract = {The U.S. housing market is being reshaped by the housing decisions of seniors aged 65 and older. This study examines the reasons why senior homeowners choose to move, downsize, and transition out of homeownership, placing particular emphasis on the role of property taxes and property tax abatement programs. Our findings suggest that although rising property taxes increase the probability that senior homeowners will become renters or downsize, property tax abatement programs seem to have largely failed to help low-income senior homeowners remain in their homes. High-income seniors receive a modest transfer from property tax abatement programs and continue owning their homes when moving, whereas low-income seniors transition from owning to renting when moving, even in places with generous property tax abatement programs. The U.S. senior population will grow significantly over the next several decades, and policymakers will need to design effective policies to create stable, affordable housing environments for seniors aged 65 and older. Our findings provide evidence to inform this effort.},
	keywords = {Aging, Housing Adjustments, Housing Tenure Choice, Property Tax Abatement Programs, property taxes},
	isbn = {1051-1482},
	doi = {10.1080/10511482.2021.1887319},
	author = {Kim, Jinyhup and Dawkins, Casey}
}
@mastersthesis {10921,
	title = {Housing demand and tenure choice for senior citizens: Lessons from three essays},
	year = {2020},
	school = {University of Maryland },
	address = {College Park, MD},
	abstract = {The U.S. housing market faces a huge surge brought on by the growth of the older population. Housing researchers and gerontologists are now focusing on potential challenges that older households could face over the coming decades and are attempting to estimate how such challenges will affect the housing market. This marks a critical point for assessing housing affordability, availability of accessible housing, and housing demands based on geographical locations {\textendash} all of which will be of utmost importance to aging populations in the coming decades. Although the older population is growing rapidly and is receiving considerable attention from both researchers and policymakers, there have been relatively few empirical studies about the housing behaviors of older Americans. This dissertation examines the aforementioned three challenges through empirical essays by employing micro-data (e.g., the 2004{\textendash}2014 Health and Retirement Study, the 2011 American Housing Survey, and the 2013{\textendash}2017 Public Use Microdata Sample). Specifically, the first paper will examine the reasons why elderly homeowners make the downward transition from homeownership, with a particular focus on the significance of property taxes on elderly behaviors. The second paper will investigate the living conditions of existing housing for stayers {\textendash} those who have remained in their place of dwelling since reaching the retirement age of 65 {\textendash} and estimate how accessible their housing is to meet the daily needs for aging in place. The third paper will seek empirical determinants on residential mobility and housing choices by elderly households in the Baltimore MSA, accessing the net impact of individual and housing attributes on migration behaviors and housing consumption. The results of these analyses show that property tax abatement programs fail to provide tax subsidies targeted to low income seniors in need. Furthermore, policy approaches to grow the accessible housing stock have proven largely unsuccessful. Finally, seniors who migrate throughout the Baltimore MSA show a strong tendency to downsize and become renters {\textendash} particularly of apartments {\textendash} regardless of location. This research will provide timely new evidence, which will help decision-makers better understand the burning issues that impact aging adults{\textquoteright} housing-related behaviors in the U.S. housing market.},
	keywords = {housing affordability, property taxes, residential mobility},
	doi = {10.13016/5trg-sklv},
	author = {Kim, Jinyhup}
}
