• Title/Summary/Keyword: Earned income

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An Analysis on the Economic Structures of Low-income Households: Policy Suggestion for Their Economic Well-being (저소득층 가계의 경제구조 분석: 경제적 복지를 위한 정책 제언)

  • Shim, Young
    • Journal of Consumption Culture
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    • v.15 no.2
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    • pp.213-247
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    • 2012
  • The purpose of this study was to analyze the economic structures of low-income households, and to provide the policy suggestions for their economic well-being. The data for this study was from the 2009 year of the Korea Welfare Panel Survey (KOWEPS). The results are as follows: As for income structure, the low-income households had lower amounts in earned income, business and side-work income, and property income, but a higher amount in transfer income. They had a lower amount in private transfer income, but a higher amount in public transfer income. They had the highest rate of transfer income, showing that the rate of public transfer income was higher than that of private transfer income, and the government assistance was the highest rate in public transfer income. The households in extreme poverty had the lowest amounts in earned income, financial income, private transfer income, but the highest amount in public transfer income. The households in poverty had the lowest amount in transfer income. The households in extreme poverty, poverty and near poverty showed the highest rate in transfer income. As for asset structure, the low-income households had a lower amount in every type of assets. They showed the highest rate in total debt, and had a higher rate in housing asset, but lower rates in real-estate asset, financial asset and other asset. The households in extreme poverty had a lower amount in every type of assets than the households in near poverty. Three types of the low-income households showed the highest rate in housing asset, but the households in extreme poverty was the highest among them. As for expenditure structure, the low-income households had lower amounts in all of the expenditure items. They showed the highest rate in food expenditure, the second highest in other consumption expenditure. The households in extreme poverty showed lower amounts in almost all of the expenditure items than the households in near poverty, but the households in extreme poverty showed a higher amount in monthly rent than the households in neat poverty. Three types of the low-income households showed the highest rate in food expenditure. The expenditure rates of food, monthly rent and light·heat·water for households in extreme poverty were higher than those for the households in near poverty.

Economic well-being and life satisfaction by the comparison of couple's income (부부의 소득수준 비교에 따른 가계경제복지 및 삶 만족)

  • Huh, Kyung-Ok
    • Korean Journal of Human Ecology
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    • v.13 no.3
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    • pp.441-451
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    • 2004
  • This study categorized the households into four by the comparison of wives' and husbands' earned income, such as one with higher wives' income than husbands' in dual-earner households, with higher wives' income than husbands' in household with unemployed husbands, with lower wives' income than husbands' in dual-earner households, and with lower wives' income than husbands' in household with unemployed wives. This study compared and analyzed the objective and subjective economic well-being, and overall satisfaction of life in those households. Major results are below. First, the amount of expenditures, saving, debt were low in one-earner household with employed husbands, but average propensity to expenditure was high in those households. The amount of saving was low in one-earner households with unemployed husbands, but the average propensity to expenditure and debt were high, resulting in the low status of economic well-being. The amount of saving and monetary assets were high, but average propensity to expenditure and debt were low in households in which wives had higher income than husbands, resulting in the high status of economic well-being. Second, husbands' satisfaction for the level of family income was not different among four groups of households. Wives's satisfaction for those was the lowest when wives' income was higher than husbands', but the highest in households with unemployed wives. Wives' and husbands' expectations for the future economic well-being of the households were negative in households with unemployed husbands. On the other hand, the level of satisfaction of wives and husbands for their life was not different among four groups of households. Finally, four groups of households were discriminated by age of husbands, number of children, debt, and wives' expectation for the future economic well-being.

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Political Economy of Inequality Mitigation : Experiences of Netherlands and Denmark (불평등 완화의 정치경제 : 네덜란드와 덴마크의 경험)

  • Choi, Youseok
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.12
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    • pp.494-502
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    • 2017
  • This study examines how the Netherlands and Denmark lowered the increase in income inequality, at a period in time when income inequality in the world was deepening. This study investigates the level and trend of income inequality in the Netherlands and Denmark compared to those in Korea, the United States, Germany and Sweden. Using the method of the decomposition of changes in income inequality, this study identifies which factors are associated with the changes in inequality in these countries. It also explores which labor market policies mitigated inequality in these two countries. One of the major reasons for the reduction in earned income inequality in the Netherlands is the increased participation of women in economic activity through the increase in voluntary part-time working. In particular, the policies designed to promote equal treatment between full-time and non-regular workers contributed to the active participation of women in part-time work. Using active labor market policies, Denmark improved the proficiency of low skilled and low-wage workers, thereby alleviating the wage gap between high-income and low-income workers. Based on the experiences of the Netherlands and Denmark, this study discusses policy directions to mitigate income inequality in Korea.

An Analysis of marriage cost planning and marriage cost for the children (자녀 결혼비용 마련대책과 결혼비용분석)

  • 정순희
    • Journal of Families and Better Life
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    • v.15 no.4
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    • pp.103-124
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    • 1997
  • The purpose of this study was to analyze marriage cost planning and marriage cost for the children. Data were obtained from 306 households with at least one child married within past 5 years in Seoul. There were significant differences in marriage cost planning. The average marriage cost was 46,410,000won. Earned income finance asset child's sex child's marriage type the length of planning whether debts were incurred or not and whether the property was sold for child's marriage were significantly associated with the marriage cost. Finally socio-economic variable and marriage cost planning variables played more imprtant role in determining child's marriage cost than child related variables.

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The size distribution of earned income of urban households in Korea (한국의 도시동로가계 계층별 소득분포)

  • 윤석범
    • Journal of the Korean Statistical Society
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    • v.11 no.2
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    • pp.94-108
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    • 1982
  • 소득분포에 관한 연구는 경제이론의 측면에서나 사회정의의 차원에서 많은 연구자들의 관심의 초점이 되어 왔다. 특히 경제 성장과 개발의 과정에서 그 과실의 분배효과가 장기적으로 공동체로서의 사회적 개발의식에 미치는 영향이 크다는 사실에 비추어 이 문제는 단순히 기능적인 측면에서의 고찰보다는 체제와 이념적인 차원으로서의 문제로 발전되고, 또한 이 차원에서 구명되는 주요과제로 남게 되었다. 이 논문은 RGKO 방정식을 소개하는 절은 서론뒤에 후속시켰고, 이에 따라 가설의 공리성을 그다음 절에서 밝히고 있으며, 그 뒤로는 구체적인 추정절차를 논술하고, 끝으로 결론과 부록을 첨부하였다.

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Cardiovascular Disease Risk according to Socioeconomic Factors among Low-income Midlife Women (사회경제적 요인에 따른 지역사회 저소득층 중년여성의 심혈관질환 위험요인 차이)

  • Ham, Ok-Kyung;Kim, Bong-Jung;Lee, Young-Ah
    • Journal of Korean Public Health Nursing
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    • v.22 no.1
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    • pp.27-38
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    • 2008
  • Purpose: To determine the degree of cardiovascular disease risk according to socioeconomic factors among midlife women in the community and thereby provide baseline data for the development of health promotion programs. Method: A total of 200 women participated in health screenings and a health survey. The survey was performed in November and December, 2006. The survey instruments included socioeconomic factors, health behavior (smoking and exercise), and family history. Biophysical measurement included BMI and blood pressure. Blood samples were drawn for glucose and total cholesterol tests. Results: The mean age was 52.5 years, 34.0% had received education less than 6 years, 70.0% earned a monthly income of less than \1,500,000, and 61.5% were homemakers. Cardiovascular disease risk was significantly different by age (BMI, systolic BP, and exercise), education (systolic BP), monthly income (T. cholesterol), marital status (smoking), and occupation (exercise). Most women had 2 or 3 cardiovascular disease risks. Older age, lower education, and lower income were significantly associated with increased cardiovascular disease risk. Conclusion: Efforts should be made to decrease the number and severity of cardiovascular disease risk factors for midlife women in the community by developing health promotion programs targeting to modify their cardiovascular disease risk factors.

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A Study on the Household's Debt and its Determinants (가계의 부채보유여부 및 부채액에 대한 영향요인 분석)

  • 김순미
    • Journal of Families and Better Life
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    • v.14 no.2
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    • pp.157-170
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    • 1996
  • Even if holding debt may be a rational means for household to maximize utility under any circumstance and any time through the family life cycle most households have some difficulty to determin and keep the moderate debt amount. The purpose of this study is to identify the characteristics of household's debt and the factor associated with debt. Data used in this study consisted of 4,009 households. The results of this study were as follows; Among 4,009 households 1,400 housholds?(34.9%) owed. Age education and occupation of household header liquid and real asset and housing ownership had significant effects on whether household having debt. The real and liquid asset had significantly positive relation with the liabilities of financial agency whereas the occupation of household header liquid asset and unearned income with private liabilities. Finally age education and occupation of household header home ownership and liquid asset had significantly negative effect on the total a ount of debt while earned and unearned income and real asset had positive one.

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Analysis for Division of State, Market and Family in Income Sources of the Elderly (한국 노인소득보장의 국가-시장-가족분담구조 분석)

  • Lee, Yong-Jae;Um, So-Young
    • The Journal of the Korea Contents Association
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    • v.15 no.5
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    • pp.191-199
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    • 2015
  • This paper studies the composition of income sources of the elderly and the difference of sources of income by the elderly characteristics. First, the results of analysis on the structure of sources of income show the average income of the elderly appears 7.7million won the consists of 3.0million won from market, 2.5million won from nation, 2.2million won from family. Income sources of the elderly are dependent on business income, property income, earned income in the market. Second, the results of differences analysis in demographic characteristics, men get a lot of income through the market and nation, while women get through families. Market income is high younger and family income is the more older. Depending on where you live, family income and national income is higher relatively urbanized. Third, the results of analysis by depending on the income, level of national income and market income is higher, while family income is high-income the case less income. Fourth, differences in health status by analysis of the sources of income have higher levels of health status and market high and lower income families rely heavily on the private sector, such as can be seen. Therefore, market and family income is higher than another countries. and the complement of public income support system is required for vulnerable people.

Analysis on the Effect of EITC(Earned Income Tax Credit) on Work Incentive -Focus on the second policy that was revised in 2011- (근로장려세제(EITC)의 근로유인 분석 -2차 개정안 근로시간 증감 비교-)

  • Kim, Gun-Tai;Kim, Yun-Young
    • The Journal of the Korea Contents Association
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    • v.17 no.8
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    • pp.382-395
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    • 2017
  • This study tries to analyze whether the Earned Income Tax Credit (EITC), which was modified in 2011, has the effect of work incentive. In this sense, by establishing the 8th Wave of Korea Welfare Panel Study (2013) and the 9th Wave (2014), Furthermore, in order to overcome the methodological limit, the results of two-party analysis method will be compared by firstly carrying out multiple regression analysis and then performing propensity score matching analysis. The 535 households out of 6,025 were selected. The following are the results of multiple digression analysis and propensity score matching analysis. First, there was no statistically meaningful relationship with regard to the perception of the EITC. Second, there was a statistically meaningful result in the reduction of working hours with regard to whether a household received labor incentive or not. The study found that the revised EITC is not providing incentives which stimulates the will to work.

A Study on the Determinants of Years in Service of Youth Employee (청년층 취업자의 직장 근속연수 결정요인에 관한 연구)

  • Park, Jin-Ah;Han, Jae-Ryong;Shin, Dong-Yeol
    • Industry Promotion Research
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    • v.1 no.1
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    • pp.27-33
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    • 2016
  • This study verified the determinants of years in service of youth employee by analyzing panal data. The study results showed that sex, age, education, marital status, full-time job, wage, employment stabilization, household earned income, benefit package, fairness of performance evaluation determined years in service of youth employee. Also, years in service was longer in male, higher age, married, lower household earned income, full-time job, age-limit system, possible to work continuously, corresponding to mager, higher wage, higher job satisfaction group. This study provided practical implication to prepare effective emplyment policy for maintaining long-term and stable youth employment by confirming the determinants of years in service of youth employee.