• KDI Journal of Economic Policy
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• v.38 no.4
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• pp.23-44
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• 2016

Household debt in Korea raises concerns about the resilience of the economy due to its size and quality. Against this backdrop, we investigate if household leverage matters for private consumption in adverse economic environments even without severe financial disruptions. We find that the balance sheet positions in terms of the leverage ratio may weaken consumption growth. We also find that the depressive effect of debt on consumption may differ across types of consumer spending and household characteristics. In particular, the effects of indebtedness have been much stronger in relation to durable goods expenditures than in other areas. In addition, debtors in high-income (wealth) groups have also shown downward adjustments in consumption even more so than low-income (wealth) groups. These findings imply that debtors' precautionary behavior may serve as an important channel from leverage to consumer spending.

• Korean Journal of Human Ecology
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• v.9 no.2
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• pp.153-176
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• 2000

The purpose of this study is to compare the living cultures among three types of undergraduate students, grouped by commuting patterns, attending universities in Chung-Cheong Do: a long-distance type, a short-distance type, and a living-alone type. The survey was performed with questionnaires and the subjects were 1167 undergraduate students. The results are as follows: for a long-distance type, the levels of housing environments and consumption expenditures were relatively high, but the students felt constrainted by the commuting time. For a short-distance type, the consensus in decision-making with parents and the degree of conflict reconciliation were the lowest. For a living-alone type, the levels of housing environments and consumption expenditures were relatively poorer, but the students spent relative]y more time at school and the attitudes of school and department which they belong to were relatively higher.

• International Journal of Internet, Broadcasting and Communication
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• v.16 no.1
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• pp.233-240
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• 2024

We analyzed the effect of local college students' economic activities on the local economy. The analysis method was an industry-related analysis based on data obtained from a survey. As a result of the analysis, local university students were found to be sensitive to price when consuming due to insufficient living infrastructure around local universities. In addition, as a result of analyzing the impact of local college students' consumption expenditures on the local economy, especially local income, using a regional industry correlation table, the total income generated was KRW 130.6 billion (direct and indirect income effects KRW 90.9 billion, induced income effects KRW 39.6 billion), and the number of people induced to be employed was KRW 130.6 billion. It was estimated that there were 2,145 people per year. We examined the effect of local college students' economic activities on the local economy through quantitative analysis. This is a contribution point of the study as evidence supporting the maintenance and necessity of local universities, and suggests that the government and local governments should take active interest and efforts in fostering local universities.

• The Journal of Fisheries Business Administration
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• v.52 no.4
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• pp.1-11
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• 2021

This study is to investigate the determinants of consumption expenditure by considering potential expenditure factors such as socioeconomic, fishing village tourism behavior, motivation for visits, and optional attributes of tourists at Muchangpo webfoot octopus and finespotted flounder festival in Boryeong. The analysis data are 300 questionnaires of visitors to the festival during the 2018 Muchangpo Mysterious Sea Road Webfoot Octopus and Finespotted Flounder Festival from March 17 to April 8, 2018. As a result of analyzing the factors of consumption expenditure of tourists to the festival in Boryeong, socioeconomic factors such as gender and residential groups outside Chungcheong-do have a positive (+) effect on consumption expenditure. Among the factors of fishing village tourism behavior, the only number of days of stay more than one night has a positive (+) effect on consumption expenditure. In addition, in the analysis of factors for motivation to visit the festival, fun/interest and simple rest/leisure have a significant positive (+) effect on expenditure whereas stress relief have a negative (-) effect on expenditure. In the analysis of the factors of festival selection attributes, tourism facilities has a significant positive (+) effect on expenditure, but natural scenery and excellent natural scenery show a significant negative (-) effect on expenditure. The main implications that can be obtained from the results of this study are as follows. First, it suggests that the promotion should be actively conducted outside of Chungcheong Province in order to achieve the original purpose of revitalizing the local economy from the Muchangpo webfoot octopus and finespotted flounder festival. Second, it indicates that there should be a variety of unique high-quality festival programs differentiated from other local festivals, promoting the existence of simple rest/leisure facilities rather than webfoot octopus boat fishing experiences or natural scenery (i.e., mysterious road and sunset) in order to attract festival tourists' spending at the Muchangpo webfoot octopus and finespotted flounder festival.

• Journal of the Korean Home Economics Association
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• v.44 no.6 s.220
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• pp.163-174
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• 2006

The purpose of this research was to examine the level and trends in household clothing expenditure in Korea. Raw data sets produced by the National Statistical Office from the Family Income and Expenditure Survey from 1991 to 2004 were used to support time-series and cross-sectional analyses. The clothing expenditures decreased severely and quickly during the economic crisis of late 1997 through 1998, then increased slowly after the economic crisis until 2003, only to slightly decrease again in 2004. The ratio of clothing expenditure to total household expenditure decreased from 8.03% in 1991 to 5.11% in 2004. This decrease in relative clothing expenditure was greater in the lower income group than in the middle and high income groups. Clothing expenditure patterns were unique and differed from other household expenditures. Although the economic crisis in the late 1990s affected Korean consumers' clothing expenditure, clothing expenditure patterns showed a more fundamental and structural change from 1991 to 2004, with the overall decrease in such expenditure resulting from the concurrent increase in educational and information-communication related expenditures. Clothing expenditure was shown to be luxurious through cross-sectional analysis, but necessary through time-series analysis.

• Journal of Families and Better Life
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• v.10 no.2
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• pp.1-18
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• 1992

The purpose of this study is to consider the socio-economic development and policy in each five-year economic development plan influences of urban households and to seek a plan of household stability and reasonable consumption expenditure on the aspect of Family economics. Data is based on the "Annual Report on the Family Income and Expenditure survey" of the National Bureau of Statistic Economic Planning Board, Republic of Korea and analyzed as follows: First, in analysis to the structure of consumption expenditure, the averaged percentage of each item to total consumption expenditure is estimated by each Economics Development Plan year. Second, in order to analyze the relative importance value of household consumption expenditure, priority correlation order is derived from comparison of characteristics of household consumption expenditures by multiple regression analysis. Third the patterns of consumption expenditure of salary and wage earner's households in all cities are estimated by the household consumption function, marginal propensity to consume, and income elasticity, according to socio-economic variable, and demographic variable. In the recent Korean economy, income level of household is increased and consumption expenditure level is largely increased because of the execution of economic development plan. But the improvement of income derives the increasment of the consumption needs and over-consumption trend is spread due to the import liberization. And above all, the reasonable household management and economic life are needed.

• Journal of Families and Better Life
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• v.26 no.6
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• pp.181-192
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• 2008

This study investigated the usefulness of Consumer Expectation Index to predict real household spending. Specifically, the forecasting impact of the index on clothing, eating-out, entertainment, education, and health consumption area was examined. The results showed that the CEI was a good indicator for the future household spending of clothing, eating-out, entertainment and total consumption but it was not true for the spending of education and health. Most of CEls were significantly correlated with household spending even when household income and CPI were controlled. The impact of CEls on household spending tended to be lagged by one or two quarters.

• Journal of Families and Better Life
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• v.23 no.3 s.75
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• pp.63-76
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• 2005

Using the data from the Family Income & Expenditure Survey, this study investigated (1)the factors determining the level of burden of the private educational expenditure in households; (2) the influences of the level of the burden of private educational expenditure on the other household expenditures. For the analysis of data Chi-square, GLM, Multinomial legit, and Seemingly Unrelated Regression were applied. The major findings were: (1) The factors associated with the burden of private educational expenditure were the number of students by each of the school levels, housing tenure, location of residence, educational attainment of householder; (2) Households with the lower level of burden of the private educational expenditure adjusted the allocation of the expenditure shares of food, utility, and transportation and did not reduce the levels of consumption. Households with the higher level of burden of the private educational expenditure adjusted the extensive ranges of the household expenditure shares and reduced the levels of consumption.

• Korean Journal of Human Ecology
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• v.17 no.4
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• pp.679-692
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• 2008

The goal of this study is to analyze one-child households' financial structure. The data from 1022 more than two children households and 236 one-child households were taken from the Korean Labor and Income Panel Study(2004). This study compared demographic, socioeconomic and marital characteristics between one-child households and more than two children households. A chi-square test, t-test and multiple regression analysis were used. The major findings were as follows: One-child households were different from more than two children households in demographic socioeconomic characteristics and financial structure. In one-child households, the variable that significantly influenced on consumption expenditures was monthly income and the variables that significantly influenced on private education expenditures were householder's age, home-ownership, monthly income.

• Journal of Sport and Applied Science
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• v.8 no.3
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• pp.13-19
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• 2024

Purpose: This study aims to investigate the consumption patterns of the MZ generation in relation to eSports and traditional professional sports, focusing on the similarities and differences in spending behavior on game items and professional sports viewing. Research design, data, and methodology: The research utilizes a comparative analysis of eSports and professional sports consumption trends within the MZ generation. Data was collected through surveys targeting MZ generation consumers and analyzed using statistical methods to assess the impact of consumption behaviors on spending. The study particularly focuses on the expenditure behaviors in game items (eSports) versus traditional sports viewing expenses. Results: The analysis revealed that the MZ generation displays distinct consumption behaviors between eSports and traditional sports. eSports consumption is characterized by higher spending on in-game items, driven by personalization and competitive advantages, whereas spending on professional sports viewing is influenced by fan loyalty and event participation. Conclusions: The findings underscore the growing economic significance of eSports, driven by the unique consumption behaviors of the MZ generation. These insights suggest that the eSports industry should continue to adapt its strategies to capitalize on this trend, while traditional sports organizations may need to innovate in engagement strategies to maintain consumer interest and expenditure.