• Journal of Labour Economics
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• v.19 no.2
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• pp.1-19
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• 1996

• Journal of Labour Economics
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• v.12
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• pp.1-21
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• 1989

• 대학교육
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• s.83
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• pp.112-116
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• 1996

• 대학교육
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• s.84
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• pp.10-15
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• 1996

• The Monthly Diabetes
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• s.173
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• pp.11-15
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• 2004

• The Korean Journal of Applied Statistics
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• v.23 no.1
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• pp.29-39
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• 2010

The purpose of this paper is to analyse the advantages of with-profits and make a proposal for invigorating with-profits business. The data of life insurance companies in the U.K. is used and correlation and regression are employed. The implications are drawn from the analysis. The results and implications of this paper are summarized as follows. Firstly, the with-profits policies increase premium income. There is no positive relationship between with-profits policies and operating costs. The companies that are financially sound sell more with-profits policies than those not solvent. Secondly, with regard to implications for insurance companies, they can make full use of with-profits policies for marketing purpose and the main product in the product portfolio. Finally, with regard to implications for the policyholders, the with-profits policies are not expensive by comparison with the without-profits policies. The with-profits policies provide benefit to the policyholders on a solvency basis.

• Korea journal of population studies
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• v.23 no.1
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• pp.5-29
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• 2000

도시화 및 산업화는 가족의 애정기능 증대, 친족관계 약화, 공사영역분리, 여성의 교육수준 향상 및 취업기회 증가, 부부관계의 평등성 추구 등을 통해 이혼을 증가시키는 요인으로 알려져 왔다. 혼인·이혼신고 자료와 인구주택총조사 자료를 활용하여 1970년∼1995년 동안 발생한 한국의 성별, 연령별, 시도별, 교육수준별 이혼율을 비교하였다. 이혼수준을 측정하기 위하여 조이혼율, 일반이혼율, 연령별이혼율, 연령표준화 이혼을 전체인구와 유배우인구를 대상으로 각각 산출하였고, 각종 이혼력 지표의 특성을 논의하였다. 1970년∼1995년 동안 이혼율이 3배 증가하였으며, 1995년 현재 유배우인구 천 명당 3.2건의 이혼이 발생하였다. 동기간 동안 24세 이하 연령층의 이혼율이 가장 높았고, 전 연령층에 걸쳐 빠른 속도로 이혼율이 증가하였는데, 증년층의 이혼율 증가 속도가 가장 빨랐고, 남성보다는 여성의 상대적 이혼율 증가 정도가 더 빨랐다. 시도별 이혼율은 전연령층에 걸쳐 서울, 부산, 인천, 대전, 경기, 제주도가 높았고, 강원도와 전라북도 25∼34세 연령층의 이혼율이 높았다. 교육수준별 이혼율이 남자는 초등학교 졸업집단에서, 여자는 고등학교 졸업 집단에서 가장 높았고, 남자는 대졸 이상 집단, 여자는 무학 집단에서 가장 낮게 나타났다.

• Korea journal of population studies
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• v.25 no.1
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• pp.5-32
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• 2002

This research explores the current situation and determinants of induced abortion in Korea. Using 2000 National fertility Survey by Korea Institute of Health and Social Affairs, this study finds that induced abortion rate is rapidly declining so that the role of induced abortion in determining the level of fertility has disappeared. The fundamental reason for resorting to an induced abortion for Korean women is to avoid unwanted birth. Thus, we find that induced abortion is usually taken by Korean women for the purpose of limiting family size and spacing births as in any other countries. Premarital pregnancy and economic hardship are also important reason for taking an induced abortioin, especially for the first time abortion.

• 한국노년학
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• v.27 no.2
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• pp.371-392
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• 2007

Marital status has drawn much attention as previous studies have been pointed it out as a key factor of health. Nonetheless, systematic studies on elderly marital status and health have been quite limited, for most researches have neglected the varying effects of marital status on health over the lifespan and mainly focused on midlife. This study, using nationwide survey on elderly population, attempts to discover the health differentials between widowed and married elderly and explain the differences though the structure and function of their social network. The results reveal that the magnitudes of marital status effects were differed by dimensions of health. The widowed were more likely to be unhappy than married, even after controlling the socio-demographic characteristics. In physical health, however, the health differences between widowed and married were less noticeable or disappeared, as sex, age and other structure factors were considered. Furthermore, the strength of social network factors affecting the physical and mental health of elderly turned out to be different between married and widowed: widowed were more likely than married to be affected by the contact with children and less likely to be affected by contact with friends/relatives. Such results had both positive and negative impact on physical and mental health of widowed. This may imply the difference in pathways of regulating health among the married and widowed elderly.

• The Korean Journal of Financial Management
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• v.24 no.2
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• pp.147-181
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• 2007

Our article investigates the risk implication of ownership structure in life insurance companies. We set up a model to identify the priority structure of policyholder's and shareholder's cashflow claims, and to derive its implications. Current literature on this issue has focused on the agency paradigm or the risk-sharing efficiency. Fama and Jensen(1983a, 1983b) and Mayers and Smith(1981, 1986, 1988, 1990, 1994) argue that the survival of both the corporate and the mutual form of organization is due in part to the relative efficiencies in controlling agency problems. With regard to insurance business, agency problems arise because of the three functions inherent in the organizations:manager, risk-bearer(owner), and policyholder. Stock insurers are characterized by the potentially complete separation of all three functions while mutual insurers merger the policyholder with the ownership function. Doherty and Dionne(1993) and Doherty(1991) concentrate their analysis on differences in the efficiency of risk sharing between participating and non-participating policies. They argue that when the undiversifiable risk has higher portion in business risk, combining policy and equity claims into a single package is a more efficient risk-sharing contract than a simple prepaid risk-transfer. Among various methods for assembling the policy/equity package, Doherty and Dionne(1993) and Doherty(1991) suggest that policy/equity package offered by the mutual is the most efficient risk-sharing arrangement. There has been a controversy on the property of participating policies sold by life insurance corporations in Korea. Some scholars argue that participating policyholders of Korean life insurance companies have shared the cashflow risk with shareholders. They emphasize that insurance firms have used dividend reserves to supplement for equity deficits. Thus, they argue that the economic entities of Korean life insurance companies are mutual companies though their legal entities are corporations. Our article explicitly sets up each stakeholder's cashflow claim in stock and mutual insurers, and thus identify risk differences in shareholder and policyholder. Using our model, we could derive direct implications on the controversy. Our model shows that life insurance companies would sell participating policies since policyholders would have the incentive to share the risk inherent in their primary claims with equityholders. And there exists a fundamental difference in shareholder's risk and equityholder's.