• Journal of the Korean Home Economics Association
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• v.36 no.9
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• pp.35-47
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• 1998

The purpose of this study was to investigate the effect of household characteristics on household expenditures on wedding, funeral, ancestor worship, and 60th birthday anniversary. Data for this study were from the 1996 Annual Report on the Family Income and Expenditure Survey. OLS regression analysis was used to identify the effect of household characteristics on money spent on family ceremony expenditures. The household income, age of head, education of head, and family size were all significant factors for understanding family ceremony expenditures. The results also indicated that additional income from wife's labor force participation was associated with lesser expenditures on family ceremony, while business income, asset income, and transfer income had no effects on this category. The effect of the third quarter of 1996 was significant on family ceremony expenditures, indication that households spent significantly less for this category in the summer than did in the winter, holding other factors constant.

• Journal of the Korean Home Economics Association
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• v.35 no.5
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• pp.265-277
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• 1997

The purpose of this study are to identify the type and the amount of household's individual retirement account for retirement fund and to investigate the factors contributing to a individual pension account holding and an assessment. Data used in this study consisted of 2,667 households from 1994 KHPS. Statistics employed to analyze the data are Mean, Frequency, Percentile, Logistic and OLS. the result of this study were as follows; Among 2,677 households' 426 households(15.9%) owned the individual retirement account. Most household heads with individual retirement fund are the salaried and self-employed. More households with individual retirement account have saving account, stock than those without individual retirement account. Age, occupation of household head, total income, stock ownership had significant effects on whether household having individual retirement account. And Age of household head, net worth, saving account ownership had significant effects on the assessment of individual retirement account holding.

• Journal of Families and Better Life
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• v.14 no.3
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• pp.109-120
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• 1996

While theories of portfolio selection have been developed very little is known about how individuals actually go about constructing their asset potfolios. This study investigates empirically the characteristics of household's assets and which factor associated with risky and safe asset amount. Data used in this study consisted of 2,164 households and the statistics employed to analyze the data are univariate procedure Logit analysis and OLS. The results of this study were as follows: Among 2,164 households 505 housholds(23.3%) had risky assets. Average risky asset amount is 8,351,500 won and average safe asset amount is 7,086,900 won. Region education and occupation of household head home ownership transfer and other income and total expenditure had significant effects on either and other income and total expenditure had significant effects on either household having risky asset or safe asset. Financial income transfer and other income and total expenditure had significantly p sitive relation with the risky asset amount. Whereas age and the occupation of household head the sense of economic wellbeing earned financial tranfer and other income and total expenditure had significantly positive relation with safe asset amount.

• Journal of the Korean Home Economics Association
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• v.27 no.4
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• pp.21-39
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• 1989

This paper is to determine the clothing and footwear of urban household consumption expenditures and an analysis of historical data from relevant literature. Particularly, time-series and cross sectional analysis techniques are adopted in analysing the patterns of clothing and footwear consumption expenditures of urban households. Finally, this paper estimates consumption expenditures in the future by comparing these revealed data with the Korea and Japan. Annual Report on the family Income and Expenditure Survey and M.R.A. in S.P.S.S. were used. The results can be summarized as follows: 1. The proportion of the clothing and footwear expenditure has decreased with the increase of income in urban household during 1976-1987. 2.1) Household consumption function by Income group, the Lower group is higher than the other group. 2) Household consumption function by Occupation of household head. Income elasticity estimation in administrative managerial workers is higher than the other group. 3) Household consumption function by Family size. Income elasticity estimation in 6 Persons is higher than the other group. But 4 Persons is higher in 1986. 4) Household consumption function by Age of household head. Income elasticity estimation in 50 Years and over is higher than the other group. 3. Comparison of characteristics of clothing and footwear consumption expenditures in Korea and Japan were M.R.A. Generally, the priority correlation order for Korea is Outwear, Sweaters and Shirt, Other clothing. For Japan, the order is Sweaters and Shirts, Underwear, Services.

• Journal of the Korean Home Economics Association
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• v.35 no.1
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• pp.277-290
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• 1997

This study analyzed household expenditure patterns using the 1990 Korean Consumer Expenditure Survey and identified the factors determining a household's probability to be in an expenditure pattern. The results of cluster analysis revealed five expenditure patterns: Education and Recreation-dominated; Necessities-dominated; Miscellaneous expenditure-dominated Housing dominated; and Transportation and Communication-dominated patterns. Based on the results of descriptive and Logit analyses household income household size age of household head and housing status were major factors to determine the type of househld expenditure pattern.

• Journal of Families and Better Life
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• v.20 no.6
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• pp.151-162
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• 2002

The instability in the current financial market caused consumers a lot of difficulties in their financial decision making. The purpose of this study is to classify the changes in household portfolios during the economic crisis under IMF-trusteeship (IMF Crisis hereafter), and to examine the characteristics of the households according to the types of household portfolio changes. The data were taken from 1996 and 1999 Korean Household Panel Studies, and 1,293 households were selected for the final analysis. Methods of analysis included frequencies, percentages, Chi-square tests, F-tests, and t-tests. Major findings are as follows: 1. In the midst of the financial market changes during the period of the IMF crisis, consumers tended to manage their household portfolio differently according to their household characteristics. 2. The changes of household portfolio can be classified into two different types: the changed type (44.4%) and the unchanged type(55.6%). There are significant differences in the level of wealth, family life cycle stage, housing tenure, and the household head's job, between the changed type and the unchanged type. The family members of the unchanged type are more likely to be older and relatively wealthy compared with the families in the changed type. 3. The changes of household portfolio can be further classified into six different types: the unchanged-liquidity type (21%), the unchanged-multiplication type (24.6%), the unchanged-insurance type (9.8%), the changed-to-liquidity type (13.9%), the changed-to-multiplication type (13.0%), and the changed-to-insurance type (17.5%). There are significant differences in income level, wealth level, family life cycle stage, housing tenure, and the job of household head among the six types of changes.

• Korean Journal of Rural Living Science
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• v.9 no.1
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• pp.43-54
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• 1998

This study attempted to investigate the factors affecting financial status of the rural middle-aged and old-aged household. The results shelved that the significant variables which influenced on the probability of financial security measured by consumption to income ratio were sex and education level of the household head, family size, total income, total expenditure and total assets. The most influential variables on the probability of financial security measured by liquidity ratio was liquid assets, and total assets. Education level of the household head. liquid assets, total assets, and total debt had significant effects on the probability of financial security estimated by debt burden ratio. Among the economic variables, only liquid asset had significant negative effects on the probability of financial security assessed by the capital stock ratio.

• Journal of Families and Better Life
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• v.22 no.5
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• pp.75-89
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• 2004

The purpose of this study is to investigate the factors that determine daily financial resources interchange between adult children and their parents. The data were drawn from KLIPS(Korea Labor and Income Panel Study), vol. 5(2002). From this dataset, one thousand eight hundred and thirty six adult children's households that had interchanged with or transferred financial resources to or from their parents were selected for this study. The results of this study were as follow: First, when compared to non-interchanging households, the households that interchanged financial resources with their parents tended to have a household head who is economically active, and had relatively plenty of financial resources. Second, the amount of the transaction was much larger for the adult children's households that were reciprocally interchanging financial resources with their parents than the households that transferred resources one-way, either taking from or giving to parents. Third, the main determinants of interchanges with their parents were the household head's demographic characteristic(sex, age, and education) and residential area what affected the amount of the exchanges, on the other hand, were the household head's demographic characteristic(sex, age, and education), household income, and assets.

• Journal of Families and Better Life
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• v.17 no.1
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• pp.121-138
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• 1999

The purpose of this study were to identify the factors related to the changes of family total income total expenditures housing maintenance costs food expenditures and clothing expenditure, The data used for these purposes was collected from housewives living in jeonbuk area by questionaire in May 1998. Sample size of this data was 341 households. Statistics performed for the analysis were frequencies percentage means and multiple regression analysis. The results of this study were as follows; First monthly income decreased by 370,000 won than last year. The variables contributing to decreasing income were job type of household head and educational attainment of housewives the amount of total family current income total household expenditure and the perception of economic status. Second monthly expenditure decreased by 24,000 won than last year. The variables related to decreasing expenditure were educational attainment of housewives and the perception of economic stats. Third the variables related to their total household change were job type of household head number of family current household expenditure and the perception of economic status. finally the variables associated with total satisfaciotn of family life were the amount of leisure time the perception of economic attainment the confirmity of family and the amount of current household expenditure.

• Journal of the Korean Home Economics Association
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• v.34 no.2
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• pp.201-215
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• 1996

The purpose of the study was to examine the effects of household characteristics to family savings. Family savings were defined in four ways such as monthly savings, average propensity to save, financial assets, and net financial assets. The household characteristics dealt with were family income, household size, number of earners, age, occupation, education, housing tenure, and urbanization. The data used in the study was Survey of Family Finance 1990. The main statistical method was multiple regression. Family income was found to the most important variable to determine four family saving variables holding other characteristics constant. Also, household size had significant negative effects on family savings. Two-earner households were found to have higher average propensity to save and less financial assets compared to single-earner households. Fro monthly savings and average propensity to save, the households with forties andfifties household head tended to be less than others, while financial assets tended to increase with the age of household head. Compared to salary earner households, blue-colored households had significantly lower average propensity to save, and the households with professionals had significantly higher financial assets. The college-graduated households tended to have less monthly savings than the elementary-graduated households. Also, the housing renters were found to have more monthly savings and higher average propensity to save, compared to the housing owners.