• International Journal of Human Ecology
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• v.6 no.1
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• pp.61-74
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• 2005

This paper utilized a Korean time-use survey and household expenditure survey in designing an input-output table to develop satellite accounts of household production in Korea in 1999. Additionally, the household production in Korea was compared with that in the United States, Australia, Finland, and Canada. Results of this study may be summarized as follows. First, household production in Korea represented $43\%$ of Gross Domestic Product (GDP,) compared to $63\%$ of GDP in the United States, $68\%$ in Australia, $58\%$ in Finland, and $54\%$ in Canada. Second, labor emerged as the largest input for household production in Korea, while materials and services - both intermediate goods - emerged as the second input. On the other hand, the proportion of housing among the four inputs of household production in Korea was greater than for either the United States or the other countries studied. This implies that the cost of intermediate goods and housing in Korea is more expensive than in other countries.

• Journal of the Korean Home Economics Association
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• v.32 no.5
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• pp.55-66
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• 1994

The aim of this study is to propose the reasonable method of evaluation on the value of the life-time household work. for homemaker claim her share in the matrimonial property in relation to her life-time household work and to provide the basic data to measuring proper compensation for homemaker and calculating of the donation tax and inheritance tax amount. Tom compare the difference of the method of evaluation on the value of the life-time household work is evaluted by three methods: the model of the life-time household work which is reflected major variables in the FLC frame work marital stage, total marital period. The major findings are as follows: 1) Among the three evaluation me？ The method of Total marital period is evaluatied the lowest value of the life-time household work. 2) The evaluation method of marital stage is more resonable method than the method of total marital period habe a convenience of evaluation but it dos'nt reflected major variables which influence the value of life-time household work. 3) the most resonable method of evaluation on the value of the life-time household work is revealed the model of the life-time household work which is reflected major variables in the FLC frame work the age of first and last offspring marital period.

• Journal of the Korean Home Economics Association
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• v.42 no.7
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• pp.131-143
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• 2004

The purpose of this paper is to prepare a satellite account of the household sector that is reflected in the current national income account by approving the economic activities of unpaid household labor as production activity and estimating its value. The study produced three results. First, as different methods of evaluation can be useful according to different study goals or the contents of related policies, it is unreasonable to present a single result for estimating unpaid household labor. This study, therefore, presented the values of housework based on 5 methods, ranging from 124 to 150 trillion won. Second, to input the added value of household production from the fixed capital (household durable goods), this study adopted the declining balance method used in the Korea National Statistical Office. As a result, the total consumption of fixed capital was estimated at approximately 18.8 trillion won. Third, the total added value of unpaid household labor was estimated to range from 143 to 169 trillion wens. The amount is a production value excluded from the SNA which needs to be formed as a separate household satellite account. The ratio of this total value added was 30-35.4 percents to the 1999 GDP in Korea(477 trillion wens).

• Journal of Families and Better Life
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• v.22 no.6 s.72
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• pp.165-175
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• 2004

The purpose of this study was to classify the household financial strategies and investigate major determinants of the household financial strategies and financial performance. The data of 3,994 households is from the Korean Labor and Income Panel Stud?. The major findings were as follows. (1) The classified household financial strategies types were Residual ($44.6\%$), Informal Institutional ($13.3\%$), Financial Assets ($16.7\%$), Real Estate ($13.4\%$), and Diversified Portfolio ($12.0\%$). (2) The criteria of classification of the household financial strategies were relative, not absolute. (3) The household financial strategy types changed largely during a short period(1999-2000). (4) In all households, the variables that affected changes in household financial strategies were education, occupation, number of children, residential location and home ownership. (5) Households that employed a diversified portfolio strategy had the greatest financial performance (2,316,000 won net gain). (6) In all households, the variables that had the greatest influence on financial performance were the number of children, assets and debts. 1'he financial performance was significantly different according to changes in the household financial strategy.

• Journal of Family Resource Management and Policy Review
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• v.1 no.1
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• pp.101-115
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• 1997

This study was designed to examine the socialization of household work utilizing ecological theory. The main purposes were to identify the socialization level, and to predict the socialization of household work in term of the selected variables. The sample was drawn from housewives of expanding stage of family life cycle in Seoul. 518 respondents were analyzed using SPSS/PC+ statistical package. The results of this study were as follows: 1. Among the variables of food area, education of housewife, type of housing, family income, number of children had significant influence. 2. Among the variables of clothing area, family income was the only important variable. 3. Among the variable of housing area, number of household equipment, number of aids for household work, education of housewife, family income, attitude of housewife’s role, number of aids for household work had significant influence. 4. Among the varables of home management area, number of household equipment, family income, self control had significant influence. 5. Among the environment variables of household work, social-cultural environment had the most important effect on the socialization of household work.

• Journal of the Korean Home Economics Association
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• v.40 no.10
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• pp.161-176
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• 2002

This study is a basic research for the estimation of the value of unpaid household labor within the national economy system to be reflected in the related policy-making. By measuring economic value of unpaid household labor and estimating the ration to GDP, this study attempted to confirm the productivity of the unpaid household labor and thus contribute to the improvement of socio-economic status of women. Especially, it focused on the development of a standard of estimating unpaid household labor as a method applicable to the present economic and legal system. To organize the method of economic valuation of unpaid household labor and calculate the ration to GDP, this study used three approaches: replacement cost method individual function, replacement cost method generalist and opportunity cost method. Although the estimated result revealed that the economic value of unpaid household labor showed a great extent of deviation according to the estimating methods and the wage rate, total value of household labor ranged from one hundred and thirty eight to two hundred and thirty trillion wens, about 28-48% of GDP in Korea.

• Journal of Families and Better Life
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• v.3 no.1
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• pp.23-34
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• 1985

The purpose of this study is to investigate the relations between housewife's self esteem and attitude toward household work its satisfaction and to find out how independent variables(housewife's age, education level, employment, household work helper, type of family) have effect on the two dependent variables. The measurement of self-esteem was based on the self-concept test standarized by Jung Won Sick, reformed the Fitts measurement for Korean Society. In order to measure of attitude toward household work and its satisfaction, based on the previous research, researcher made the measurement . the research was conducted on 234 housewives in Seoul in September 1984. Data was analyzed by percentage, mean, frequence analysis of variances, Pearson's correlation coefficient. The result can be summarized as following. 1)Over on half of housewives have high self-esteem comparatively. 2) Age and education level were variables to have influence n the attitude toward household work. 3)The attitude toward household work and its satisfaction comparatively were high. 4)Education level and type of family were variables to have influence on the attitude toward household work. Education level, employment and household work helper were variables to have influence on the satisfaction of house hold work. 5) Level of Self-esteem has influence on the attitude toward household work and its satisfaction. The higher level of self-esteem was, the higher becomes the score of the attitude toward house hold work and its satisfaction. Following suggestions can be extracted form the results of above study. 1) research of housewife's self-esteem didn't established a setted theory yet. I think, therefore, it requires deeper study about housewife's household work look upon as her occupation and relation between the household work as her occupation and her self-esteem in this area. 2) Population and sociological variables, used in this study, hardly influenced on self-esteem, the attitude toward household work and its satisfaction. Also the result didn't correspond with one another. So I think it requires need of further study how psychological and family function variables will have influence on housewife's self-esteem, the attitude toward household work and its satisfaction. 3) To recognized the value of household work objectively, many researchers tried to investigate of economical value of household work, But if housewife can realize her self-actualization through household work, it requires the study that try to objectively not only estimate the economic value of household work, but also the contribution of the aspect of family psychology.

• Journal of Families and Better Life
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• v.32 no.5
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• pp.125-143
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• 2014

The purpose of this study was to gain a better understanding of households with a negative cash flow. The Household Budget Survey conducted in 2000, 2005, and 2010 by the Bureau of Statistics in South Korea were used for this study. The households used in this study were divided into four groups according to their income levels; they were categorized the lowest, low, middle, and high income groups. This study made several findings regarding households with a negative/positive cash flow. Firstly, the demographic and economic characteristics were different between those who have a negative cash flow and those with a positive cash flow. A female household head, a household head age 65 and older, a household head with a lower educational attainment, an unemployed household head, and the presence of a child/children in schools were related with the household deficit. Secondly, the households with a positive cash flow had a higher income level compared to the households with a negative cash flow, while the households with a negative cash flow had a much higher consumption level compared to the households with a positive cash flow. Thirdly, the household deficit to total income ratio of the lowest income group was higher when compared to any other income group. Lastly, the multivariate statistics showed that households including a child/children in schools are more likely to be a household with a negative cash flow. Especially, the expenditures on education and transportation were related with the likelihood of a household deficit.

• Human Ecology Research
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• v.53 no.5
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• pp.489-502
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• 2015

This study identifies the relation between recognition relatively deprivation and consumption patterns. The data used were the seventh Korea Welfare Panel Study (KOWEPS). The final sample of 1,597 households was selected based on several sampling steps standard weights suggested by KOWEPS were applied. The final sample was subdivided into household recognizing relatively deprivation (51.7%) and non-household recognizing relatively deprivation (48.3%) per level of subjective income and objective income. We derived six consumption patterns from the cluster analysis as per consumption ratio: transportation dominant consumption pattern, essential consumption pattern, other dominant consumption pattern, care attention consumption pattern, private transfer consumption pattern, and education dominant consumption pattern. The results of this study are as follows. The analysis of the determinants of recognizing relatively deprivation in regards to question one found that the household was likely to be relatively deprived when: the head of a household was older, a household had a dual income, children and more total assets then those assessed 1 year ago compared to household living conditions, result of comparing the consumption patterns difference between household recognizing relatively deprivation and non-household recognizing relatively deprivation indicated that household recognizing relatively deprivation was more likely to belong to the transportation dominant consumption pattern, other dominant consumption pattern, and private transfer consumption pattern. The multinomial logistic analysis conducted to understand the determinants affecting the consumption patterns of household recognizing relatively deprivation indicated differences in demographic characteristics, household-related variables, financial variables and perception of economic conditions.

• Asia-Pacific Journal of Business
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• v.14 no.2
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• pp.51-61
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• 2023

Purpose - Since COVID-19, the government's expansion of liquidity to stimulate the economy has resulted in an increase in private debt and an increase in asset prices of such as real estate and stocks. The recent sharp rise of the US Federal fund rate and tapering by the Fed have led to a fast rise in domestic interest rates, putting a heavy burden on the Korean economy, where the level of household debt is very high. Excessive household debt might have negative effects on the economy, such as shrinking consumption, economic recession, and deepening economic inequality. Therefore, now more than ever, it is necessary to identify the causes of the increase in household debt. Design/methodology/approach - Main methodology is regression analysis. Dependent variable is household loans from depository institutions. Independent variables are consumer price index, unemployment rate, household loan interest rate, housing sales price index, and composite stock price index. The sample periods are from 2017 to May 2022, comprising 72 months of data. The comparative analysis period before and after COVID-19 is from January 2017 to December 2019 for the pre-COVID-19 period, and from Jan 2020 to December 2022 for the post-COVID-19 period. Findings - Looking at the results of the regression analysis for the entire period, it was found that increases in the consumer price index, unemployment rate, and household loan interest rates decrease household loans, while increases in the housing sales price index increase household loans. Research implications or Originality - Household loans of depository institutions are mainly made up of high-credit and high-income borrowers with good repayment ability, so the risk of the financial system is low. As household loans are closely linked to the real estate market, the risk of household loan defaults may increase if real estate prices fall sharply.