An Analysis of Farm household Economy by Family Life Cycle

가정생활주기에 따른 농가경제 분석

The purpose of this study is to establish family life cycle of farm and to analyze changes of economic conditions-income, consumption expenditures, savings, assets, and debts-in farm household according to the family life cycle. Income, consumption expenditures, savings, assets, and debts functions are also estimated by age of household head. The data of Farm Household Economy Survey which was conducted in 1983 by Ministry of Agriculture and Fisheries is used in this study. Among total data of 2000, 1603 are analyzed for mean, percentage, and regression using CRISP Program at Office of Rural Development. The results of study can be summarized as follows; 1) Eight stages of family life cycle of farm are established according to the growth of the first child. They are: Establishment stage, Child bearing and preschool stage, Elementary school stage, Middle and high school stage, College and vocational adjustment stage, Period of children's marriage, Re-adjustment stage, and isorganizing stage. 2) The economic conditions of farm household are significantly fluctuated by family life cycle. Among the eight stages, stage Ⅱ is considered relatively comfortable living period and stage Ⅲ, Ⅳ are the most difficult periods of farm household economy. 3) The estimated functions of income, consumption expenditures, savings, assets, and debts by age of household head are as follows; Y(income) = 2, 354, 832+98,456T-1,036T2(F=11.746) C(consumption expenditures) = 81,876+154,976T-1,552T2 (F=37.272) S(savings) = 2,272,956+56,511T+516T2(F=4.262) D(debts) = 903,929+28,300T-438T2(F=3.339) A(assets) = 200,816+1,213,336T-12,930T2(F=21.069) To carry on a reasonable farm household management, a suitable measure to cope with the desire of family and the economic conditions of farm household should be prepared.