Cited by
- Mental Accounting of Retired Household by the Type of Household Financial Strategy vol.26, pp.5, 2017, https://doi.org/10.5934/kjhe.2017.26.5.403
Korean Journal of Human Ecology (한국생활과학회지)
- Volume 16 Issue 1
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- Pages.75-87
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- 2007
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- 1226-0851(pISSN)
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- 2234-3768(eISSN)
DOI QR Code
A study on the Financial Strategies in Elderly Households
노인가계의 재무전략유형에 관한 연구
- Park, Jin-Yeong (Dept. of Human Ecology, Kyungsung University) ;
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Kim, Young-Sook
(Dept. of Human Ecology, Kyungsung University)
- Published : 2007.02.28
Abstract
The purpose of this study was to classify the financial strategies in elderly households. The data of 4,577 households with all ages and 1255 elderly households is from the Korean Labor and Income Panel Study(2000, 2003). The data were analyzed by various statistical methods such as frequency, mean-test, Duncan's multiple range test, k-mean cluster analysis and logistic regression. Findings were as follows; First, the classified household financial strategy types were Residual(44.3%), Financial Assets(24.0%), Informal Institutional(19.7%), Diversified Portfolio(7.6%), Real Estate(4.5%). Second, the criteria of classification of the financial strategies were relative, not absolute. Third, households(both elderly households and all households) that employed a diversified portfolio strategy had the greatest net wealth.
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