Linking Life Satisfaction to Settlement Intention: The Moderating Role of Urban Regeneration Budget Execution in South Korea

This study investigates urban life satisfaction and residents’ settlement intention as emergent outcomes of interconnected urban systems and examines the moderating role of urban regeneration budget execution as a systemic policy input. Drawing on the bottom-up spillover perspective and policy feedback theory, this study posits that satisfaction with core aspects of urban living—such as housing, transportation, and public safety—reflects the functioning of multiple interrelated urban subsystems, which accumulate into a global sense of well-being that influences settlement intention. Furthermore, when urban regeneration budgets are visibly and fully executed, they operate as institutional feedback mechanisms, leading residents to attribute their life satisfaction to effective system performance and reinforcing their desire to stay. Using survey data from Incheon Metropolitan City and Gyeonggi Province in South Korea, the study employs stereotype logistic regression to test the proposed model. The findings reveal that urban life satisfaction significantly predicts stronger settlement intention, and this effect is amplified in municipalities with higher levels of budget execution. These results contribute to theoretical understanding by linking subjective well-being with institutional performance and offer practical guidance for South Korean local governments seeking to strengthen community resilience through transparent and outcome-driven urban policy delivery.