• Title/Summary/Keyword: future expectations

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Fathers' Values and Future Expectations Regarding Children and Their self-evaluated Shared Parenting (아버지의 자녀에 대한 가치 및 미래 기대와 양육분담)

  • Kim, Su Yeon;Kim, Da Hye;Kim, Yeon Ha
    • Korean Journal of Childcare and Education
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    • v.13 no.1
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    • pp.201-214
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    • 2017
  • Objective: This study is to examine the associations between fathers' values and future expectations on children and their self-evaluated equivalence to their spouses in child rearing practices. Methods: The data were from 997 fathers with young children who participated in the Panel Study of Korean Children (2013). The associations between variables were analyzed with frequency, correlations and hierarchical analysis using SPSS 20 Program. Results: Fathers with emotional values on children or future expectations focused on their children's happiness and altruism are more willing to share child raring practices with their partners. In contrast, fathers with expectation focused on future financial success of their children are less willing to share parenting with their partners. Conclusion/Implications: Fathers' values and future expectations for their children are meaningful predictors of shared parenting in married couples with young children. However, the directions of associations differ based on which types of values and future exportations fathers have regarding their children.

The effect of earnings volatility on current stock price informativeness about expectations of future earnings (이익 변동성이 현재 주가의 미래 이익 기대에 대한 정보성에 미치는 영향: 미국기업을 중심으로)

  • Joong-Seok Cho
    • Asia-Pacific Journal of Business
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    • v.13 no.4
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    • pp.109-121
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    • 2022
  • Purpose - This study investigates how earnings volatility influences current stock price informativeness about expectations of future earnings. Design/methodology/approach - I adopt the FERC model developed by Collins et al. (1994) and modified by Lundholm and Myers (2002) to investigate the connection between earnings volatility and future earnings reflected in current returns. I define five-year rolling standard deviations of earnings and components as earnings volatility measures and the degree of deviation of earnings from cash flows over the same five-year, which is developed by Jayaraman (2008). Finding - My results show that earnings volatility delays current stock price response to future operation expectations. They also verify that as earnings are more divergent from cash flows, current returns are less timely incorporating value-relevant future operation. Research implications or Originality This study shows that when volatile earnings deliver obscure and unreliable information about future operation expectations, they cause the market to be conflicting in understandings their implications and make it difficult in attaining correct future cashflow estimates.

The Expectations of Mothers and Teachers Regarding Development of Three-Year-old Children (만 3세아 발달에 대한 어머니와 교사의 기대)

  • 장은경
    • Journal of the Korean Home Economics Association
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    • v.36 no.4
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    • pp.137-146
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    • 1998
  • The purpose of this study was to compare the expectations of mothers and teachers regarding development of three-year-old children and to analyze factors influencing the expectations. The results of this study showed that the mothers held higher expectations than the teachers regarding development of their children in all areas. Maternal expectations differed depending on the ages of the mothers and their children's birth order. Teaching experience with three-year-old children also made differences in the teacher's expectations. Implications to parent education and suggestions for future studies were provided.

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Korea's Inflation Expectations with regard to the Phillips Curve and Implications of the COVID-19 Crisis

  • JUNG, KYU-CHUL
    • KDI Journal of Economic Policy
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    • v.43 no.2
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    • pp.81-101
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    • 2021
  • This paper estimates the expectation-augmented Phillips curve, which explains inflation dynamics, in Korea. The phenomenon of low inflation in Korea has been going on for quite some time, in particular since 2012. During the Covid-19 crisis, due to low inflation expectations the operation of monetary policy was limited as the base rate approached the zero lower bound. The main objective of this paper is to estimate where and how tightly inflation expectations are anchored. It was found that long-term inflation expectations fell to around 1%, falling short of the inflation target, and that inflation expectations are strongly anchored to long-term expectations, which implies that the low inflation phenomenon is likely to extend into the future. The results also imply that even if inflation fluctuates due to temporary disturbances, it may converge to a level below the inflation target. The slight rebound of long-term expectations during the Covid-19 crisis suggests that the aggressive monetary policy may have contributed to improving economic agents' beliefs about the commitment of monetary authorities to inflation stability. This may also help long-term expectations gradually to approach the inflation target.

Predictability of Consumer Expectations for Future Changes in Real Growth (소비자 기대심리의 미래 성장 예측력)

  • Kim, Tae-Ho;Lim, La-Hee;Lee, Seung-Eun
    • The Korean Journal of Applied Statistics
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    • v.28 no.3
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    • pp.457-465
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    • 2015
  • The long lasting world-wide recession and low economic progress have made it more important to predict future economic behavior. Accordingly, it is of interest to explore useful leading indicators, correlated with policy targets, to predict future economic growth. This study attempts to develop a model to evaluate the performance of consumer survey results from Statistics Korea to predict future economic activities. A statistical model is formulated and estimated to generate predictions by utilizing consumer expectations. The prediction is found improved in the distant future and consumer expectations appear to be a useful leading indicator to provide information of future real growth.

Psychological Aspects of Household Debt Decision: The Use of the Heckman's Procedure

  • Lee, Jong-Hee
    • International Journal of Human Ecology
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    • v.9 no.1
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    • pp.81-95
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    • 2008
  • This paper examined the impact of psychological characteristics of consumers on household debt decisions. With the use of the Heckit models (the traditional approach to the selection problem) this study undertook an empirical study of the influence of a wide range of factors on financial decisions. This study used U.S. household-level data that offers detailed information on household debt, expectations about future income, expectations about future economic conditions, the amount of financial risk the respondent was willing to take, and the amount of time allotted for planning family savings and spending. This study showed that respondents with both substantial financial risk tolerance and positive expectations about future income were likely to have larger household debt showing that researchers and policy-makers need to consider consumer sentiment and preference measures in modeling behavior in credit markets. Additional results showed that household debt is significantly related to two key economic variables: income and net worth.

A Comparison Study of Factors of Willingness to Use Traditional Medicine between Korean, Chinese and Taiwanese (한국, 중국, 대만인의 전통의학 이용 의향에 미치는 요인 비교 : 대학생 및 대학원생을 중심으로)

  • Nam, Min-Ho;Kim, Yun-Ji;Kim, Ho-Sun;Park, Jun-Hyeong;Yeh, Hsin-Yi;Lee, Ye-Seul;Lee, Soon-Ho;Jung, Won-Mo;Hong, Yun-Ki;Lee, Hye-Jung;Park, Hi-Joon;Chae, Youn-Byoung
    • The Journal of Korean Medicine
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    • v.32 no.1
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    • pp.36-55
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    • 2011
  • Objective: This study was performed to compare knowledge of and expectations for traditional medicine between Korean, Chinese and Taiwanese, to figure out whether these factors influence the intention to use traditional medical treatment in the future. Methods: One-hundred ninety-nine Korean, eighty-five Chinese, and one-hundred seventy-four Taiwanese subjects responded to the survey. A one-way ANOVA was performed to compare experiences of traditional medical treatment, knowledge of both traditional medicine and western medicine, expectations for traditional medicine, and future intention to use traditional medical treatment. Multiple regression analyses were also performed to evaluate a possible correlation between the other factors and the intention to use traditional medical treatment in the future. Results: The experiences of traditional medical treatment were in the order of Taiwanese, Korean, and Chinese, from more frequent to less frequent. Chinese had more knowledge of traditional medicine compared to Taiwanese and Koreans, and the expectations for traditional medicine were in the order of Chinese, Korean and Taiwanese, from higher to lower. The intentions to use traditional medical treatment in the future were in the order of Korean, Chinese and Taiwanese, from more to less. Multiple regression analyses showed that experiences of traditional medical treatment, knowledge of traditional medicine, and expectations for traditional medicine were associated with the intention to use traditional medicine in the future in Korean and Taiwanese, but not in Chinese. Only the expectations for traditional medicine were associated with the future intentions to use traditional medical treatment in Chinese. Conclusions: These findings suggest that Korean and Taiwanese may need to improve their knowledge of traditional medicine whereas Chinese need to link their knowledge of traditional medicine with the intention to use it in the future. Understanding the characteristics of traditional medicine would probably contribute to enhancing the intentions to use it more.

A Study of Housing Interior Design through Housing Expectations and Housing Preferences of Future Consumers-College Students (실내공간계획에 대한 신세대의 주거기대와 주거선호)

  • 윤복자;최형준;조명은
    • Journal of the Korean housing association
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    • v.9 no.3
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    • pp.133-144
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    • 1998
  • The purpose of this study is to analyze housing expectations and housing preferences of college students' first purchased house for the future. Data was collected through self-administered questionnaires for this study and the samples consisted of 797 college students. This study found that college students preferred a high-rise apartments, a 20-24 pyung (66.0㎡-79.2㎡) house in housing size and relatively new house. The housing features and interior features that college students like to have and expected to have in the first residence were different. Their housing expectations were fairly realistic considering their affordability. College students preferred to furnish video and audio equipments, exercise equipments and ceiling fans. They generally preferred hardwood floorings and decorative moldings and expected to have built-in closet in their master bedrooms. They expected to have linen closets and large mirrors in their bathrooms. They preferred ceramic tile counter tops, wood cabinets, vinyl floorings in their kitchens and they also preferred to use kitchen as a utility.

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A Empirical Study on Expectations Hypothesis of the Term Structure of Implied Volatility in Kospi 200 Options Market (KOSPI 200 주가지수옵션시장에서 내재변동성 기간구조의 기대가설검정에 관한 연구)

  • Kang, Byung-Young;Min, Kyung-Tae
    • The Korean Journal of Financial Management
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    • v.22 no.2
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    • pp.91-105
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    • 2005
  • Using Campa and Chang's Expectations Hypothesis model, We test the expectations hypothesis in the term structure of volatilities in options on KOSPI 200 by using daily dosing prices from January 1999 to December 2003. In particular, it addresses whether long-dated volatilities are consistent with expected future short-dated volatilities, assuming rational expectation. Our results do not support the expectations hypothesis : long-term volatilities rise relative to short-term volatilities, but the increases are not matched as predicted by the expectations hypothesis. In addition, an increase in the current long-term volatilities relative to the current short-term volatilities is followed by at a random.

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