• Title/Summary/Keyword: Comsumption behavoir

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A Study on Institutional Effects of Social Capital in Old People's Welfare Policy (노인복지정책에 있어 사회자본의 영향에 관한 제도 개선 연구)

  • Kim, Yong-Chul
    • Journal of Digital Convergence
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    • v.16 no.1
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    • pp.55-62
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    • 2018
  • this paper examined how old people manage their life under low income and governmental subsides around the world. Especially recently old people are more increasing than before nowadays in most of the contries. So we have confronted to the old people's low quality of their life without any added retire pension and regular incomes, governmental subsidies. Here, this paper analyzed how the old people consume their leisure time which they have so many time everyday. Their leisure and culture consuming quality was very low. now especially income substitution ratio to pension institution is very low in Korea. Moreover, inequality of income is very high between social classes in Korea which the problem should be amended in the near future. and social capital should be enhanced for old people to take a good living environmenst.