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http://dx.doi.org/10.14400/JDC.2020.18.5.127

The effect of the transition of life course on changes in consumption patterns of Korean Households  

Choi, Hong-Cheol (Department of Consumer Science, Chungbuk National University)
Yoo, Jaeeon (Department of Social Welfare, Gachon University)
Publication Information
Journal of Digital Convergence / v.18, no.5, 2020 , pp. 127-138 More about this Journal
Abstract
This study investigated the patterns of transition of consumption patterns in Korean households in 2010 and 2017, and the impact of the life cycle on the transition of consumption patterns between the two time points. Using information on 4,717 households from the 2010 and 2017 data of the Korean Labor Panel Survey, we examined the effect of the family life cycle on changes in consumption patterns. The results of the latent transition analysis on the change in consumption type showed that the change in consumption type between the two points of time at the household level was relatively active. The logistic regression models reported that the transition of consumption type varies depending on the life cycle, such as changes in marital status, birth and independence of children. These results provide the implication that it is necessary to consider from the perspective of the family life course how the transition between their consumption types occurs when the government establishes consumption policies and companies set marketing target groups.
Keywords
Consumption Type; Consumption Change; Life Course; Household; Latent Transition Analysis;
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