Journal of Families and Better Life (가정과삶의질연구)

Korean Home Management Association (가정과삶의질학회)
권호 표지
DOI QR코드

DOI QR Code

A Comparison of Household Characteristics by Deficit Types

적자가계유형분류에 따른 가계특성 변화 분석

  • Yang, Sejeong (Department of Consumer & Housing Studies, Sangmyung University) ;
  • Lee, Eunhwa (Department of Human Environment Science (Major in Consumer Science), Sangmyung University) ;
  • Lee, Jonghee (Department of Home Economics Education, Korea University)
  • Received : 2014.10.26
  • Accepted : 2014.12.22
  • Published : 2015.02.28
Download PDF
⟨ Previous Next ⟩

Abstract

The purpose of the study was to examine the characteristics and economic status of deficit households. The data for this study were from The Household Income and Expenditure Survey in 2000, 2005, and 2010 conducted by the National Statistics Office (NSO). Deficit households were defined by those who had expenditures higher than their income. Among total households, the proportion of deficit households was 26.84% in 2000, 28.14% in 2005, and 27.15% in 2010. The average propensity to consume was 132.1 in 2005, which was higher than those in 2000 and 2010. Deficit households were classified into five types using cluster analysis: 1)overall-overconsumption group(33.07%), 2)basic needs group(26.33%), 3)transportation expenditure-dominated group(6.73%), 4)education expenditure-dominated group(27.63%), 5)health care expenditure-dominated group(6.24%). The overall-overconsumption group was the largest group of total households and the portion of this group among total households decreased by 4.97%p from 2005 to 2010. However, the education expenditure-dominated group increased by approximately 7.6%p over the period. It was also found that households in 2000 and 2010 were more likely to be in all five groups than households in 2005. Other major determinants of households with deficit were gender, age, number of family members, education level, dual income, home ownership, vehicle ownership, and income class.

Keywords

References

  1. Ando, A., & Modigliani, F. (1963). The life cycle hypothesis of saving: Aggregate implications and test. American Economic Review, 53(1), 55-84.
  2. Bae, M., Hanna, S., & Lindamood, S. (1993). Patterns of overspending in U. S. household. Financial Counseling and Planning, 4, 11-31.
  3. Blanc, J. L., Porpiglia, A., Teppa, F., Zhu, J., & Ziegelmeyer, M. (2014). Household saving behavior and credit constraints in the Euro area. Discussion Paper (No. 16/2014). Frankfrut, German: Deutsche Bundesbank.
  4. Charles, K.K., Li, G., & Schoeni, R. (2006). Overspending- Who, why, and how? National Property Center.
  5. Cho, I. (2005). SAS lecture and statistic consulting. Seoul, Korea: Youngjin.
  6. Friedman, M. A. (1957). A theory of the consumption function. Princeton University Press.
  7. Hwang, S., & Jeong, W. (2013). An analysis of economic status of deficit household. Discussion Paper Series (No. 2013-11). Seoul, Korea: The Korea of Bank.
  8. Hwang, E. A., & Lee, S. S. (1999). A study on the consumption expenditure and patterns of urban households. Journal of the Korean Home Economics Association, 37(8), 117-132.
  9. Joung, Y. (1992). Expenditure patterns of households. Journal of Consumer Studies, 3(2), 1-14.
  10. Ju, I., & Yang, S.-J. (1997). Household expenditure patterns and its characteristics. Journal of the Korean Home Economics Association, 35(1), 277-290.
  11. Kim, K., & S. Lee. (1990). Subjective economic outlook and consumption patterns. Journal of Consumer Studies, 1(2), 15-31.
  12. Lee, J. & Yang, S. (2014). Analysis of household income and expenditure of households with a negative cash flow across income groups in 2000, 2005, and 2010. Journal of Korean Home Management Association, 32(5), 125-143. https://doi.org/10.7466/JKHMA.2014.32.5.125
  13. Lee, S. (2005). An analysis on the household economic structure of the indebted overspending households: Evaluation of seriousness of economic problem of indebted overspending households. Journal of Consumer Studies, 16(1), 73-95.
  14. Lee, S. L., & Sung, Y. A. (2007). The expenditure pattern of the indebted overspending households. Journal of the Korean Home Economics Association, 45(10), 45-57.
  15. Lytton, R., Garman, E., & Porter, N. (1991). How to use financial ratios when advising clients. Financial Counseling and Planning, 2, 3-23.
  16. Moon, S., & Joung, S. (1995). Study on the comparison of consumption patterns between single parents and parents. Journal of Consumer Studies, 6(2), 53-65.
  17. Park, M. H., Lee, S. S., & Bae, M. K. (1996). Overspending of wage-earner households in Korea-Application of financial ratio analysis. Journal of the Korean Home Economics Association, 34(5), 209-222.
  18. Park, S. M., & Kim, Y. S. (1992). An analysis of the household consumption expenditure structure by the Korean economic-development plan years. Journal of Korean Home Management Association, 10(2), 1-18.
  19. Park, J. (2007). The average propensity to consume of the lowest income groups in South Korea and Japan. Weekly Financial Brief, 16(12), 8-9
  20. Statistics Korea (2013). Consumer Price Index. Retrieved from http://kosis.kr/statisticsList/statisticsList_01 List.jsp?vwcd=MT_ZTITLE&parentId=A.
  21. Sung, Y.-A. (2008). A dynamic analysis on the household deficit. Journal of Consumer Studies, 19(2), 115- 134.
  22. Sung, Y.-A. (2013). Cluster analysis for the consumption expenditure patterns of one-person households of different age groups. Journal of Consumer Studies, 24(3), 157-181.
  23. Won, J. (2003). The living status of deficit and surplus households in the post-crisis era. Health Welfare Policy Forum, November, 19-35
  24. Yang, S.-J. (1991). Study on the consumption patterns changes of urban households (from 1970 to 1990). Consumer Research, 8, 54-67.
  25. Yang, S.-J. (2010). An analysis on the household characteristics and economic status of deficit households. Korean Family Resource Management Association, 14(1), 135-159.
  26. Yoon, C. H. (1984). An analysis of the consumption expenditure patterns of city and farm families: 1963-1982. Journal of Korean Home Management Association, 2(2), 85-100.
  27. Yuh, Y. & Yang, S.-J. (2001). Differences in consumption patterns of various household types. Journal of Consumer Studies, 12(4), 65-81.
  28. http://www.kostat.go.kr/