• The Journal of Industrial Distribution & Business
• /
• v.8 no.2
• /
• pp.21-31
• /
• 2017

Purpose - The total amount of advanced Corporate Pension Insurance products exceed 148 trillion Korean Won at the end of 2016. For a firm with over 300 employees, when a bill on compulsion of introduction of Corporate Pension Insurance products, currently pending in court, is passed, Corporate Pension shall be an essential. The findings of the paper will provide a guideline for understanding on firm's attributes and its effects towards introduction of Corporate Pension Insurance products. Research design, data, and methodology - The data were collected using statistics of employer panel survey from Korea Labour Institute in 2013. The study analyses a sample survey on 1,775 outstanding enterprises and their HR department among whole corporations in Korea. For analysis of data, empirical testing by Logistic Regression was utilized. Results - As an outcome of empirical testing, variables on share of regular employees and the aged employees in over 50's generates a significant statistical meaning. It eventually gives a great impact on purchase of Corporate Pension scheme. Moreover, variables on corporate financial statement, current sales, current net income, total amount of the debts, labor cost per person also has a vital influence on introduction of Corporate Pension Insurance products. Lastly, variables on firm's labor relationship have no effect except for the execution or non-execution of HR consulting. Meanwhile, Variables affecting a choice on pension schemes types among firm's attributes are a share of regular employees, current net income, execution or non-execution of HR consulting etc. These variables represents a statistical implication. According to their each features, they prefer DB or DC plan. Conclusions - Introduction of corporate pension scheme is apposite to contemporary Korea's situation entering a hyper-aging society and firms with a high share of regular employees, the weight of aging, current sales, current net income and labor cost per person are exceedingly active in purchasing Corporate Pension Insurance products. However, after the introduction of corporate pension scheme, firms which has an implementation of consultation on human resource management, flexible benefits plan, job security and welfare system prefer DC plan whereas from financial perspective firms with high net income prefer DB plan.

• Journal of Families and Better Life
• /
• v.29 no.4
• /
• pp.125-145
• /
• 2011

The purposes of this study were to examine low-income households' financial statuses and the socio-economic characteristics of single-person and non-single person households according to the financial indexes used for evaluating financial security and growth status developed based on financial ratios. Using 2009 KLIPS(Korean Labor & Income Panel Survey) data collected by the Korean Labor Institute, the satisfaction levels from the indexes were analyzed and compared between the two household types. The results showed that 46.0% of single-person households were not satisfactory in terms of all financial growth indexes but were partially satisfactory in terms of all financial security indexes. These householders tended to be females and in the their 70s, who lived in Seoul or in a suburb of Seoul, Korea. They reported problems with a lack of financial growth possibilities. 47.0% of non-single person households were not satisfactory in terms of all financial growth indexes but were partially satisfactory in terms of all financial security indexes. These householders tended to be males in their 60s and 70s with no job who were living in Seoul or in a suburb of Seoul, Korea. They reported having low level of liquidity and high level of debt redemption. 42.6% of single-person households were not satisfactory in terms of both financial security and growth indexes partially. These householders tended to be females in their 20s or 70s who were living in rural areas. They reported problems related to an adverse balance between household income and expenditures and a large scale of debt. 43.1% of non-single households were not satisfactory in terms of both financial security and growth indexes partially. These householders tended to be males in their 60s or 70s and homeowners. They reported problem related to an adverse balance of household income and expenditures and high a level of housing expenditures and liquidity. The research findings have implication for policy makers considering financial support programs and welfare programs for low-income householders, considering the recent changes in households structures.

• Korean Journal of Occupational Health Nursing
• /
• v.25 no.4
• /
• pp.277-289
• /
• 2016

Purpose: This study aims to investigate the cross-sectional association of company size and self-rated health using representative data on Korean workers. Methods: We used the data from 2,884 wage workers collected by Korean Labor and Income Panel Study (17th). The association between company size and self-rated health was analyzed using logistic regression with covariates including demographic characteristics, work environment, job satisfaction, and health-related behaviors. Resulst: Odds ratio (OR) for better health status among workers in large-sized company was 1.351 (CI. 1.054~1.731), compared to workers in small-sized company. We performed three separate models stratified by firm size (small, medium, and large companies). Occupation variables showed different effect on health depending on firm sizes. OR for better health of white-color job (referred to blue-color job) was 1.693 in medium-sized company model but it was 0.615 in large company model. OR for better health of the workers working shift work showed 0.606 in large company model but it was not significant in small and medium company models. Conclusion: We found that small-sized company workers have significantly poor self-rated health compared to large-sized firm workers. This study revealed that there exist differences among health related factors depending on firm sizes.

• Health Policy and Management
• /
• v.14 no.2
• /
• pp.99-116
• /
• 2004

This study estimates the determinants of national health expenditures of OECD countries using panel regression method. The data used are OECD Health Data(2003) covering 33 countries and from 1970 to 2001. This study shows several important different results compared to the previous studies. Further this study estimates the determinants of Korean case using data from 1m to 2000, and compare with the results of OECD panel. The main findings are as follows. The income elasticity of health expenditures is estimated below 1.0, but is shown above 1.0 when the different health systems of each country are controlled. The women's labor participation influences strongly positive effect on the health expenditures. The diffusion of new technologies is positively related with the increasing expense. The increasing government expenditures have a tendency not to contain health expenses, but to increase expenses. The expansion of public health insurance holders is containing the expenses, and the increasing number of doctors is pushing expenditures. This implies the health expenditures are influenced more by the induced demand of providers rather than the moral hazard of patients. However, the above result is opposite in Korean case. The existence of primary care doctors affects slightly up warding rather than containing expenditures. Finally the determinants are seriously depending upon which factors are included in the model and which statistical model is chosen. Therefore it must be cautious to interpret the results of statistical model.

• Journal of the Korean Home Economics Association
• /
• v.44 no.10
• /
• pp.133-144
• /
• 2006

The purpose of this study was to examine the effects of human capital and social capital, including employment status, education, income, social supports, and social participations, on the health status of the elderly aged over 50, after controlling for various demographic variables. Data were from the 6th wave of the Korean Labor and Income Panel Study(n=3,459). The major findings of this study were as follows: First, human capital and social capital were both resources that can contribute to improving the health status of the elderly aged over 50. Second, the effects of human capital and social capital on the health status of the elderly differed in the three subsamples defined by employment status. Based on the empirical results, policy implications were provided.

• Journal of Industrial Convergence
• /
• v.22 no.6
• /
• pp.41-50
• /
• 2024

The objective of the study was to explain the effect of job fit on life satisfaction of wage workers and verify the mediating effect of job satisfaction between two variables. For the purpose, 7,202 research subjects were selected from the 23th data of the Korean Labor and Income Panel Study. Selected data was analyzed by various methods including frequency analysis, descriptive statistics analysis, and correlation analysis. Moreover, the mediating effect was verified by applying SPSS Macro Model Number 4 analysis and bootstrapping method. The major findings are as follows. First, job fit of wage workers was shown to enhance their life satisfaction. Second, work satisfaction of wage workers was revealed to play a complete mediating role in the relationship between job fit and life satisfaction of wage workers. On the basis of the results, the various practical programs to increase life satisfaction of wage workers were discussed.

• Journal of Labour Economics
• /
• v.32 no.2
• /
• pp.61-93
• /
• 2009

In this paper, we estimate the wage premium of English skills in the Korean labor market using Korean Labor and Income Panel Study(KLIPS) data. In a simple OLS model, we find that people with some English skills in terms of self evaluation or job requirement earn 30% more than those who do not have English skills. But in a small sample of relatively young people, higher English lest scores do not raise earnings. When we add SAT scores in the wage equation, there is no wage premium of English skills, and in the IV estimation, we find no "English premium". These results consistently imply that while there is a large wage premium of English skills in the Korean labor market, it reflects unobservable ability for the most part. Meanwhile some of the regression results favor human capital theory over screening theory as an explanation of the nature of the wage premium of English skills.

• Journal of the Korean Data and Information Science Society
• /
• v.25 no.4
• /
• pp.715-725
• /
• 2014

This study uses a quantile regression analysis to investigate intergenerational economic mobility in Korea. The analysis is based on data from the 1st through 11th waves of the Korean Labor and Income Panel Study (KLIPS) conducted from 1998-2008. The household nature of the data allows us to link parents' incomes to children's incomes at different points in time. Using a quantile regression analysis instead of mean one reveals that the effect of fathers' earnings are different across the conditional distribution of sons' earnings, particularly being larger on the upper quantile than on the lower quantile. After controlling effect of sons' college education by including a dummy variable for the degree, however, the pattern among quantile effects for fathers' earnings is no longer clear. Instead a new pattern emerges that education has a much larger effect on the upper quantiles than on the lower ones. Using nonparametric estimates of conditional density curves based on the quantile regression results, we derive some interesting features in graphical forms, which are not obvious in numerical analysis.

• Korean Journal of Social Welfare
• /
• v.64 no.2
• /
• pp.185-212
• /
• 2012

This study examines changes in income inequality and income mobility associated with a transition to old age. In understanding the dynamics of income distribution over the later life course, it is important to explore the changes in income dispersion and the changes in relative income positions jointly. Data come from Korean Labor and Income Panel Study(KLIPS) 2nd, 7th, 12th wave. The results are as follows. First, a transition to old age is associated with an increase in income inequality. The Gini index of inequality increased steadily over the life course. Second, a transition to old age is associated with substantial income mobility. The Spearman's rank correlation coefficient between two periods was the lowest at the time of the transition. Increasing income dispersion and significant income mobility can be conceptualized as "income insecurity", since the older population are less likely to cope with income fluctuations. Third, in explaining such changes over time, changes in work life during old age and a subsequent decrease in earnings seem to be the most influential factor.

• The Journal of the Korea Contents Association
• /
• v.14 no.11
• /
• pp.318-327
• /
• 2014

Today, Competition in employment among the youth is more intensified and this phenomena lead to youth unemployment problems. This study was conducted to found the influence of youth employment effort on labor participation. We studied what variables could affect motivation of employment preparation especially among undergraduate and graduated students. We used 3rd~5th(2009~2011) 'Youth Panel Data' designed by Korean Employment Information Service. Data we adjusted were male(3,481) female(3,770). We applied the Generalized Estimating Equations to Panel logit model. We found that job education and training, career guidance, job shadowing program, getting new certification, sex, age and change of gross income affected employment preparation with controling education factors, socio-economic factors. This study found the effort of employment preparation was significant impact on labor participation and showed an influence on each variable empirically. We suggest that the youth-unemployment problem there is a need to approach fundamental aspects.