Korean Journal of Human Ecology (한국생활과학회지)

Korean Association of Human Ecology (한국생활과학회)
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A Study of Asset Portfolio and Impact Variables affecting on the Aged

노인가계 포트폴리오 구성 및 영향변수에 대한 연구

  • Bae, Mi-Kyeong (College of Economics and International Department of Consumer Information Science at KeiMyung University) ;
  • Hong, Gong-Sook (College of Human Ecology, Department of Consumer and Textile Science at Ohio State University)
  • 배미경 (계명대학교 경제통상대학 소비자정보) ;
  • 홍공숙 (오하이오 주립대학, 소비자경제학)
  • Published : 2006.12.31
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Abstract

This study examined the asset allocation of the aged and analyzed the impact variables on the portfolio ratio of different kind of finanical assets. The aged was divided three groups, 55-65, 65-75 and 75 over. The results showed that the aged are not likely to invest on risky asset and their assets composed of mostly real estates and bank account. The study include four different assets, such as liquid asset, risky assets, horne equity and other real estates, which reflects the liquidity problems of households asset allocation for the aged in Korea. The aged who do not participate on stock market are likely to have more liquid assets. Households lived in Daegu, Kwangju, ChungCheong and CheonRa tend to have more liquid assets compared to those in Seoul. Total income is appeared having positive relationship with illiquid assets including stock, bonds, and private pension. Age group with 75yrs over tend to have greater mean of illiquid assets and it may caused by the polarization of assets, which gives intuition for the future study.

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