• Korea journal of population studies
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• v.18 no.2
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• pp.115-168
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• 1995

It is a common wisdom that the long-term economic development of Korea chiefly depends not only on the steady increase of the capital formation but also on the stable increase of the national saving. And also it is a widely accepted opinion that household saving plays a significant role for the smooth supply of investment funds. For the empirical analysis on the determining factors of household saving, consumption function of the household of Korea was utilized indirectly. The reason is that consumption function is regarded as a stable function whereas saving function is considered to be an unstable function of the relevant independent variables. In order to carry out the regression process of the consumption functions, data on the family income and expenditure survey and the farm household economy survey was used. The regression result could be summarized as follows : Firstly, household income and the number of the employed in the household have the negative effect in determining the consumption ratio of the Korean households. On the other hand, ages and the educational attainment of the household heads as well as the number of the household members have the positive effect. During the early part of 21st century, the consumption ratio of the Korean households is expected to be decreased because of the increasing trend of household income, and the ever increasing number of the employed member of the household based on the increasing trend of the labor force participation rate of women and the decrease of the average size of the number of household members owing to widespread nuclear family system. On the other hand, the consumption ratio of the household of Korea is expected to be increased because of the continuous increase of the average ages of the household heads caused by the population aging phenomena and improvement of the educational attainment of the household heads. But on the whole, household saving ratio is expected to be increased owing to the secular downward trend of the consumption and therefore no significant difficulties are anticipated for the smooth provision of investment resources needed to have long-term economic progress of Korea.

• Korean Journal of Social Welfare Studies
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• v.41 no.1
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• pp.145-173
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• 2010

The purpose of this study is to verify that several theories explaining the determinants of welfare expenditure is applied to the family policy expenditure and to find out if there' re unique determinants of the family policy expenditure. We analyzed the data (OECD 14 countries for 1980~2005) by pooled time series analysis. As for industrialization theory, female labor force participation rate has positive effect on family policy expenditure while population under 15-year children has negative effect, which refers to the demand of family policies is that of female workers, not children's. Power resource theory is applied to the determinants of family policy expenditure as those of welfare expenditure. Women's political & economic empowerment has partly positive effects on family policy expenditure, which is the evidence of the effectiveness of feminist theory. In the institutional theory, we verified the effect of policy legacy but couldn't find out the crowding-out effect. The theoretical implication of this study is the empirical verification of the theories explaining the determinants of welfare expenditure being applied to the family policy expenditure. We also suggested the political and institutional foundation to effectively respond to the new social risks in spite of budget constraints, which can be a policy implication.