• Journal of Families and Better Life
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• v.29 no.6
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• pp.137-151
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• 2011

This study examines the condition of transfers between mothers and adult children, analyzing the influencing factors in such transfers. Specifically the study examines the influence of financial transfers and economic resources on financial transfers and grandchild caregiving between mothers and adult children. The sample of 3719 mothers with adult children was extracted from the first wave of the Korean Longitudinal Survey of Women and Families. The major findings are as follows. Mothers's socio-demographic characteristics are important factors in explaining financial transfers between mothers and adult children. Mothers who have jobs and spouses are more likely to provide economic resource to their adult children than those who don't have. In terms of receiving economic resources from adult children, statistically meaningful factors are mothers' age, labor market participation, marital status, household income, household asset, and children's labor market participation. Especially, labor market participation of mothers and adult children is statistically powerful factor in financial transfers and caregiving.

• Journal of Family Resource Management and Policy Review
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• v.12 no.1
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• pp.141-157
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• 2008

The purpose of this paper is to examine levels of financial knowledge, to identify the financial education needs of college students, and to show how financial knowledge and education needs correlate. The results of this study indicated that the level of understanding of economy was the highest among the seven categories, whereas the overall level of financial knowledge was less than 50%. The need for financial education was relatively high in various topics of financial management, especially financial planning and savings. There was no significant relationship between knowledge level and educational needs except between financial planning and investment. Students who understand financial planning better want more financial education. College students in this study were not financially independent from their parents, receiving allowance and assistance in tuition payment, so their financial experiences were limited. Students who understood financial management showed greater need of financial education and had more financial experience. The findings in this study suggested that college should provide formal financial education as an elective course, which should include content related to financial planning and various financial products.

• Journal of Family Resource Management and Policy Review
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• v.3 no.1
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• pp.35-50
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• 1999

The purpose of this study is to analyze the influential degree of the family financial management ability and the financial satisfaction by objective and subjective variables, as focusing theoretical concept on the family financial management ability which will influence on the financial satisfaction. The major findings are an follows. (1) The average score of the family financial management ability of urban housewives is 3.49, that is relatively higher than those of the financial satisfaction was 2.76. (2) It showed that ability of family management ability of housewives influence on the financial satisfaction. The planning and achievable ability showed also same tendency. (3) The result of the analysis for the most influential variables for the financial satisfaction was the housewives’subjective variables.

• Journal of Family Resource Management and Policy Review
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• v.8 no.1
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• pp.47-60
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• 2004

Recognizing a tremendous increase in the Internet users and popularity of E-learning through the Internet, this study attempted to analyze interactive financial education web sites for children. Using meta search engines and major search engines, interactive financial education web sites identified based on the three criteria and analyzed in terms of the appropriateness for specific age groups, the coverage of contents related to the basic knowledge for financial literacy, and the interactive activities. The results showed that financial education web sites for children were needed to be improved in terms of both quantity and quality. The study also provides a guideline how to search for an appropriate financial education web sites for children when parents want teach about money to their children.

• Journal of Family Resource Management and Policy Review
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• v.2 no.1
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• pp.59-77
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• 1998

The purpose of this study was to test a causal model of subjective financial well-being. The data of this research was obtained from 660wives who lived in Seoul, 1996. Major findings of this study were at follows: 1. Both employed and unemployed wives, younger managers were more likely to have a higher cohesion and adaptability between spouses. For the unemployed wives, locus of control over managers’financial situation and perception of gap between standard and level of living were significant predictors of the personal subsystem. 2. In both groups, financial planning was positively influenced by amount of saving. But amount of saving was not significant predictor of financial implementing. Financial implementing was positively influenced by locus of control, in the unemployed wives. For the employed wives, predictors of financial implementing were family income and marriage duration. 3. For the employed wives, the effect of personal and managerial subsystem on subjective financial well-being was greater than unemployed wives. 4. It was found that personal and managerial subsystems had effect on subjective financial well-being. Thus, the path model designed in this research was found to be proven for employed and unemployed wives.

• Journal of Family Resource Management and Policy Review
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• v.3 no.2
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• pp.17-32
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• 1999

The purpose of this study is to investigate bases on the employed wives’family financial management types according to family financial management types according to family financial management project and performance. And it’s related variables will provide the basic information for the program which aids in the improvement of the employed wives’family financial management skills and family financial counseling. The major findings were as follows: 1) The total mean score of respondent’s family financial management was 3.54 out of 5. And the mean score of project and performance was respectively 3.42 and 3.62. 2) Among family financial management types, effective type, project-centered type, performance-centered type, ineffective type were respectively 38.7%, 16.4%, 13.2%, 31.7%. 3) The family financial management type of the employed wives was affected by information utilization the degree of communication, type of occupation, and job attitudes.

• Journal of Family Resource Management and Policy Review
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• v.1 no.1
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• pp.17-26
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• 1997

The purpose of this study was to investigate the effects of two variable groups(socio-demographic factors and psychological factors) on money management strategies and financial satisfaction. The major findings of this study are as follows : Household income, level of education of wives, and locus of control had significant effect on the level of financial satisfaction. After the effect of socio - demographic variables and psychological variables was controlled, Especially evaluating strategy was found to be the most powerful variable in explaining financial satisfaction.

• Journal of Family Resource Management and Policy Review
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• v.16 no.2
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• pp.103-121
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• 2012

This study examines whether reciprocity exists in intergenerational resource transfers from middle-aged children to elderly parents. Analyzing data from a sample of 1123 middle-aged adults, this study highlights the importance of reciprocity in the transfer of resources between middle-aged adults and their elderly parents. The possibility of an inheritance shows a very strong effect on care-giving to elderly parents. Furthermore, past financial transfers from parents to middle-aged children correlates strongly with financial transfers from middle-aged children to their elderly parents.

• KDI Journal of Economic Policy
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• v.41 no.3
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• pp.1-38
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• 2019

Given capital market imperfections, an entrepreneur can alleviate financial frictions by creating a pyramidal business group in which a parent firm offers its subsidiary firm internal finance. This endogenous creation of pyramidal business groups can beget asymmetric financial frictions between business-group firms and stand-alone firms. I build a model to show that these asymmetric financial frictions can have sizable effects on resource allocation. On one hand, the financial advantage of pyramidal business groups can foster productive firms by incorporating them as subsidiaries. On the other hand, the asymmetrically large amount of external capital controlled by pyramidal business groups can be expended by unproductive business-group firms and push up the equilibrium price of capital. The model suggests that with fine investor protection or low financial frictions, the benefits of pyramidal business groups can be dominated by their costs because the probability of fostering productive subsidiaries diminishes as the efficiency of external capital markets improves, while the prevalence of pyramidal business groups is not attenuated due to their continuing asymmetric financial advantage.

• Journal of Family Resource Management and Policy Review
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• v.3 no.1
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• pp.51-65
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• 1999

The purpose of this study is to structure finance management education programme and to provide basic data orienting finance service system by means of analyzing the level of financial problem and its influential variables. The following is the result of this study: First, the level of financial problem perceived by housewife in urban areas is in the following order ; property which is perceived the least. Second, the level of financial problem perceived by housewife in urban areas is dependant on housewife age, husband education level, husband occupation, the degree of property, the degree of debts, tendency of fortune control, tendency of materialism, feeling of appropriate resource. It is especially noting that housewife in forties shows high level of financial of financial problem recognition than housewife in twenties does. This indicates needs for middle for middle-aged home management in which happens house moving to larger size, education of children, marriage of children, preparation for stabilization basis after children’s marriage, and shortage of surplus money. Third, variables which affect all sub-areas are family property sum, tendency of materialism, feeding of appropriate resources. The less family property sum, the stronger tendency of materialism, and the more perceive feeling of appropriate resources, the more perceive they financial problems.