• Title/Summary/Keyword: consumer expenditure

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Are Sequential Decision-Making Processes of Tourists and Consumers the Same?

  • Jung, Oh-Hyun
    • Culinary science and hospitality research
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    • v.23 no.6
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    • pp.161-172
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    • 2017
  • The purposes of this study were to examine if a decision making by a tourist sequentially or hierarchically occurs in a tourism destination and to test determinants that have an effect on both a sequential and non-sequential decision making. An instrument for the study was developed with three steps. A total of 420 and 380 questionnaire were collected respectively for the first two round surveys. For the third step, a pilot test was conducted with 30 respondents. And the data analysis utilized SPSS 18.0. A logistic regression analysis with variables of tourism activity and demography was employed to investigate the factors that affect a sequence of decision-making process. As an important result, the higher the age of the tourist in a tourism destination, the more conspicuous the consumption expenditure is made through the sequential decision-making process. Additionally, it is unreasonable to apply the premises and assumptions in extant consumer behavior to tourist behavior. The process of decision making by tourists in tourism areas is driven by either non-sequential or non-hierarchical decision-making process. More discussion and implications were provided.

Emergency Fund Level of Households (가계 비상금 소유에 관한연구)

  • 박선영
    • Journal of Families and Better Life
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    • v.15 no.1
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    • pp.213-224
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    • 1997
  • Emergency funds are usually identified as liquid assets because they are easily and quickly converted to cash for the needs of unexpected expenses. Empirical studies spplirf got American Households have found that most households do not have recommend levels of liquid savings and an analysis of the 1990 survey of consumer expenditures confirms revious findings. Family Income and Expenditure Survey in Korea is the data base for this study and the level of emergency fund as a flow asset is investigated. A three period model of optimal consumption is presented. The results suggest that many consumers who do not have the recommend levels of liquid assets may be acting rationally. The results may be useful for financial counselors and educators. as well as for insight into empircial patterns of savings.

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Wife-Husband Role Division on Household Financial Management : Comparing Between Dual Income Household and Single Income Household (가계재무관리의 부부간 역할분담에 관한 연구 : 맞벌이여부별 비교를 중심으로)

  • Lee, Eun-Hwa;Yang, Se-Jeong
    • Journal of Families and Better Life
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    • v.26 no.6
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    • pp.143-158
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    • 2008
  • The purpose of the study was to investigate the wife and husband role division in household financial management between dual-income household and single-income household. Household financial management included the following five categories: financial planning, consumption/expenditure management, savings/investment management, risk management and credit management. Data for this research was collected through 610 married women living in Seoul, Korea. Using SAS-PC program, Chi-square and t-test Analyses were executed. The results showed that dual- and single-income households tend to have different perspectives on marital role division in household management. Wives of dual-income households had more significant roles in financial management rather than wives of single income households. Especially, wives of dual-income managed more active credit management and saving/investment management. On the other hand, wives of single-income households played a major role in making decision over cheap items than that of wives of dual-income household.

The study on the Shopping behavior according to fashion consciousness of Male Consumers (남성소비자의 패션의식에 따른 쇼핑행동연구 -구매행동, 쇼핑성향, 정보원활용을 중심으로-)

  • Kim, Ju-Hee;Park, Ok-Lyun
    • Korean Journal of Human Ecology
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    • v.14 no.1
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    • pp.167-178
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    • 2005
  • The purpose of this study is to research male consumers' shopping behavior according to their fashion consciousness. For the purpose, the data collected were analyzed by factor analysis, one-way ANOVA, Duncan's multiple range test X2-test, and Pearson's correlation. The results of the study are as follows: 1. Male consumers' fashion consciousness were classified into 4 groups-Impulse Buying Consciousness Group, Brand Consciousness Group, Style Consciousness Group, and Fashion Indifference Group-by the following 6 factors: Impulse Buying Consciousness, Brand Consciousness, Style Consciousness, Trend Consciousness, Price Consciousness, Consumption Expenditure Consciousness. 2. There were significant differences existed among each group according to clothing purchase behavior, shopping orientation, and use of information sources. 3. There were a relationship among male consumers' fashion consciousness, their use of information sources, and their shopping behavior including clothing shopping orientation.

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A Study on the Teenagers’Management of Pocket Money (제주도 중.고등학생의 용돈관리에 관한 연구)

  • 성화선;김정숙
    • Journal of Korean Home Economics Education Association
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    • v.12 no.1
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    • pp.89-108
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    • 2000
  • The objective of this study is to analyze variables that have significant effects pocket money management of adolescents. and to provide useful information for parents and educators who educate adolescents. Data obtained from questionnaires returned by 1,200 adolescents who were randomly selected from middle and high Schools in Chejudo. The data were analyzed by using SPSS Win Program. 40.3% of the adolescents were satisfied with their pocket money. Monthly average pocket money of them was 305.00₩, middle school students were 19.780₩. high school students were 41.230₩ male students were 32.880₩. and female students were 28,130₩. Pocket money expenditure of adolescents differed significantly according to gender. school, region. and pocket money. 43.3% of adolescents had experiences in doing part time for making pocket money. Gender, school, and pocket money have a statistically significant effect on it. The strongest predictor of pocket money management of adolescents is their consumer socialization. Pocket money management of them mostly was influenced by family. friends. school. and mass media.

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Factors Influencing the Consumption Expenditures of Retired Elderly Households: Focused on the Factor of Wealth Components

  • Lee Hee-Sook
    • International Journal of Human Ecology
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    • v.2 no.1
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    • pp.17-38
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    • 2001
  • The purpose of this study is to take a new look at factors affecting the spending of retired elderly households by identifying the effects of different types of wealth components, along with socio-demographic factors, on current consumption. A tobit linear regression model was utilized to estimate parameters in the consumption functions. Data was drawn from the 1990 Consumer Expenditure Survey, Interview Survey in the United States.Total consumption and various consumption categories were the most responsive to changes in annual income flow and the least responsive to changes in property assets. The four wealth components differed in their influence on consumption categories among retired elderly households. In addition, age, residential area, household type, and education were found to be significant factors affecting total consumption and consumption categories of the retired elderly.

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Effects of Economic Factors on Happiness: Moderating Effects of Financial Management (경제적 요인이 행복에 미치는 영향: 재무관리 요인의 조절효과를 중심으로)

  • Park, Jooyung;Song, Kyechung;Oh, Segu
    • The Korean Journal of Community Living Science
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    • v.26 no.1
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    • pp.177-189
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    • 2015
  • This study investigates the effects of economic factors on happiness in terms of life satisfaction, one of the most important goals in human life, and examines the moderating role of financial management in the effect of financial stress. Data were collected total 341 individuals in Daejeon, Korea(235 college students and 105 women). The factors influencing life satisfaction were analyzed multiple regression analysis. Effects of moderating variables were tested hierarchical regression analysis. Subjective financial stress was related to both individualistic happiness and collectivistic happiness, whereas objective financial stress had a negative effect only on collectivistic happiness. Financial management (specifically control of expenditure behaviors) had positive effects on both individualistic happiness and collectivistic happiness. Financial management moderated the relationship between financial stress and happiness. The results have important implications.

Characteristics of food purchasing depending on socio-demographic factors -Focusing on metropolitan area in South Korea-

  • Park, Seonghee;Choe, Young Chan
    • Agribusiness and Information Management
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    • v.5 no.2
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    • pp.1-5
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    • 2013
  • Demographic transition drives changes in consumer demand for food products. This study examines how rising incomes and population trends affect spending on food purchased for home. The objective of this study is to characterize the relationships between selected socio-demographic factors and food selection among South Korean households. Panel data from Rural Development Administration (RDA) in South Korea in 2010 was used (n=971). Household food purchases were classified into one of the five food groups from Composition of Foods of RDA. Multiple regression analysis was used to analyze the effects of household size and income based on the expenditure share on each food group. All statistical analyses were performed using SAS/ PC version 9.3. Results show that household socio- demographic characteristics have a strong influence on food purchasing, with the purchase of vegetables and fruit, and processed food and pre-packaged being particularly sensitive.

Imputation Using Factor Score Regression

  • Lee, Sang-Eun;Hwang, Hee-Jin;Shin, Key-Il
    • Communications for Statistical Applications and Methods
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    • v.16 no.2
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    • pp.317-323
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    • 2009
  • Recently not even government polices but small town decisions are based on the survey data/information, so the most of government agencies/organizations demand various sample surveys in each fields for more detail information. However in conducting the sample survey, nonresponse problem rises very often and it becomes a major issue on judging the accuracy of survey. For that matters, one solution ran be using the administration data. However unfortunately most of administration data are restricted to the common users. The other solution can be the imputation. Therefore several method, of imputation are studied in various fields. In this study, in stead of the simple regression imputation method which is commonly used, factor score regression method is applied specially to the incomplete data which have the unit and item misting values in survey data. Here for simulation study, Consumer Expenditure Surveys in Korea are used.

Effects of Task Involvement on Clothing Gift-Giving (과제적 관여에 따른 의류선물 증여에 관한 연구)

  • 박은주
    • Journal of the Korean Society of Clothing and Textiles
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    • v.20 no.5
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    • pp.817-825
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    • 1996
  • A portion of several previous studies has been that when a product is to be presented as a gift it entaials a greater expenditure of time and money than when the same product is to be used by the buyer. While this might suggest that gift-giving is an especially involving purchasing sitution, the research to date has not been consistent in its evidence to support this view. One reason for this inconsistency in findings may be suggested that different gift-giving situations show considerably different levels of givers' task involvement. The present study designs to gain some descreptive understanding of the clothing gift-giving, and to test the relationship between varibles related to clothing gift-giving and task involvement of clothing gift-giving through different gift-giving senarios. Data (N=463) were collected via a questionnaire from housewives living in Pusan, and were analyzed by factor analysis, t-test, and cannonical analysis. Results support that differences in task involvement of clothing gift -giving cause different consumer behaviors in relation to clothing gift-giving.

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