Health Policy and Management (보건행정학회지)

Korean Academy of Health Policy and Management (한국보건행정학회)
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An Analysis of Economic Value of the Old-age Preparation Service

노후준비서비스의 경제적 가치 분석

  • Ahn, Kyung Ae (Department of International Trade and Commerce, Soonchunhyang University) ;
  • Rhee, Hae Chun (School of Economics, Sungkyunkwan University)
  • 안경애 (순천향대학교 국제통상학과) ;
  • 이해춘 (성균관대학교 경제학부)
  • Received : 2017.10.10
  • Accepted : 2017.12.26
  • Published : 2018.03.31
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Abstract

Background: The purpose of this study is to emphasize the importance and necessity of the government's old-age preparation service by measuring the economic value of the old-age service and the policy direction and policy implications of the government's old-age preparation service project. Methods: Contingent Valuation Method (CVM) was used as an analytical method. CV methodology was used to calculate the Willingness to pay (WTP) for old-age preparation service and its value was estimated and the economic benefit of the project was estimated. Results: As a result of the analysis, the average monthly payment amount for the old service was calculated as 5,100 won, and the annual average payment amount was estimated to be 61,197.1 won. Conclusion: The present value of the benefit for 10 years with the discount rate of 5.5% is 484,651 won. Based on the value of peruser benefit, the total benefit value calculation result of the old-age preparation service considering the Willingness to pay for the next 10 years shows that the total benefit value of the old service, which occurs during the period from 2016 to 2025(10 years) was estimated at 415.1 billion won. As a result of calculating the benefit for each scenario, the present value of basic service is higher in all scenarios than the linked service.

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References

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