• Korean Journal of Social Welfare Studies
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• no.39
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• pp.343-364
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• 2008

Using data from Korea Welfare Panal Study(KWPS), this study examines the relationship between public income transfers and private income transfers in Korea. This research is analyzed by the procedure of OLS regression analysis. The results are as follows. First, the paper shows that public income transfers crowded out the private income transfers. Specially public assistance crowed out the private income transfers. The amount of public income transfers has negative correlation with the amount of private income transfers. The amount of public assistance income has negative correlation with the amount of private income transfers. But social insurance transfers do not have influence on the private income transfer. Second, the private income transfers in Korea are altruistically motivated.

• Korean Journal of Social Welfare
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• v.39
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• pp.157-179
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• 1999

This study is an empirical research to analyze how many private income transfers in Korea decrease poverty rate, to compare the effects of private income transfers' decreasing poverty rate with income classes. This study has utilised the Family Income and Expenditure Survey to estimate the poverty ratio in urban areas and Unemployment Household Survey which Korea Institute for Health and Social Affairs has investigated at 1998. Majour findins are these. First, Sizes of private transfers incomes are much than that of public transfers incomes. The rates in receiving private transfers income are ten times higher than that in receiving public transfers income among urban worker's household. The mean of private transfer income are about six times larger than that of public transfer income among urban worker's household. Second, the effects of private income transfers' reducing poverty rates are not large. After private transfers, urbarn workers' households are about 10 per cent away from its poverty line, and unemploy households are only 3 per cent away from its poverty line. Third, especially, private income transfers are hardly reducing poverty rates among extreme poverty class. After private transfers, urban workers' households which their incomes are within low 5%, are not away from its poverty line at all.

• Proceedings of the Korean Society of Computer Information Conference
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• 2018.07a
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• pp.238-241
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• 2018

본 연구는 한국복지패널 제11차 데이터를 활용하여 노인의 삶의 만족도와 이전소득(공적이전, 사적이전 소득)의 관계를 규명하고자 시도되었다. 분석결과, 일반가구 노인의 경우 공적이전 소득이 삶의 만족도에 유의미한 정(+)적인 영향을 미치는 반면, 저소득가구 노인의 경우 사적이전 소득이 삶의 만족도에 유의미한 정(+)적인 영향을 미치는 것으로 분석되었다. 이러한 결과는 일반가구 노인의 경우 공적이전 소득이 1,019.2만원(월평균 84.9만원)으로 공적이전 소득이 소득안정화 효과로 나타나 삶의 만족도를 높이는 것으로 예측할 수 있다. 그러나 저소득가구 노인의 경우 일반가구 노인의 공적이전 소득의 절반 수준인 508.5만원(월평균 42.4만원)으로 나타났다. 이는 저소득가구 노인의 경우 비록 "마음이 편하지 않는" 소득원천인 사적이전 소득이 불안정한 소득안정화 부족분을 채워주어 삶의 만족도를 높이는 것으로 추정할 수 있다.

• Korean Journal of Social Welfare
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• v.56 no.2
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• pp.5-27
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• 2004

This study estimates the role of public and private income transfer to the income status of women who experienced marital disruption. In detail, this study estimates five major subjects (1) women's socioeconomic background, (2) income and poverty status, (3) family income composition, (4) the anti-poverty effect of public and private income transfers, and (5) factors associated with women's poverty status. Major findings of the study are as follows: First, women's socioeconomic characteristics, income status, and poverty status are different according to what types of marital disruption (separation, divorce, death of spouse) they experienced. Second, the role of public and private income transfers to reduce women's poverty are also different according to their marital status. Third, widow's working condition and the level of public assistance are significantly associated with the poverty status of widow.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.6
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• pp.3787-3796
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• 2015

The purpose of this study is public and Private transfers in the elderly life satisfaction, self-esteem any influence to understand. Analysis of the frequency analysis, T-test, ANOVA, regression analysis was performed. Study the following points were discussed. First, the elderly public transfer and Private transfers in accordance with life satisfaction, self-esteem was significant. Second, private transfers from children in public transfer income subsidies and the more life satisfaction and self-esteem, respectively. Third, the private sector of private transfers. Individual grants fewer higher self-esteem. Based on these results, the following suggestions were Economic independence of the elderly a chance to increase the self-esteem that was found. Therefore, a more practical and should be supported by specific public transfer system.

• The Journal of the Korea Contents Association
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• v.21 no.8
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• pp.478-488
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• 2021

This study analyzes the change in the contribution of the elderly to income inequality by using the Gini coefficient and the decile distribution ratio from the data of the Korea Welfare Panel Survey from 2007 to 2018 on economic inequality in old age. According to the study, the Gini coefficient of total income gradually decreased from 0.430 in 2007 to 0.383 in 2018. As a result, inequality decreased. Also, the higher the income quintile, the higher the income growth rate. Market income inequality has increased and inequality between public and private transfer income has decreased. Analysis of the contribution of income inequality to total income confirmed that public transfer income has replaced the role of private transfer income in reducing inequality over time. The expansion of public transfer income for the maintenance of basic living of the elderly is an important source of income for the elderly despite the crowding-out effect of private transfer income, market income, public and private transfer income, which are components of the income structure of the elderly, mutually complement total income. Therefore, it is important to identify income sources that contribute to alleviating income inequality among the elderly and reflect them in policy-making process.

• Journal of the Korea Society of Computer and Information
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• v.26 no.6
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• pp.155-166
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• 2021

The purpose of this study is to investigate whether depression and social support have a multiple mediating effect in affecting the life satisfaction of the elderly with public and private transfer income. To this end, the 7th panel data (2017) among the data of the Korean Retirement & Income Study (KReLS) was used for analysis, and the analysis was conducted using structural equation modeling (SEM). As a result of the analysis, first, it was analyzed that the higher the public transfer income of the elderly, the lower the level of depression, the higher the social support, and the higher the satisfaction of life. Second, the partial mediating effect of depression was verified in the influence of the elderly's public transfer income and private transfer income on life satisfaction. Third, the partial mediating effect of social support was verified in the influence of the elderly's public transfer income and private transfer income on life satisfaction. Fourth, it was verified that the multiple mediating effects of depression and social support were significant in the effect of the elderly's public and private transfer income on life satisfaction. Based on the results of this analysis, policy proposals were made, such as revitalizing the Community Care program to strengthen the social support network of the elderly.

• 한국노년학
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• v.31 no.1
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• pp.111-127
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• 2011

The study aims to analyse whether Korea and Taiwan have reduced the elderly poverty effectively through income transfer system in a comparative perspective. It covers 12 Western welfare states and 2 East Asian welfare states(korea and Taiwan). Utilising Luxembourg Income Study(LIS) datasets, empirical analyses focus on old-age income mix and poverty reduction effects of income transfer. Major findings are as follows. Frist, whilst public transfer income takes a major part in old-age income mix in Western welfare states, Korea and Taiwan reveal genuine mixed states - i.e., the relative proportion of private transfers and market income are high. Secondly, public transfers have effectively reduced the old-age poverty in Western welfare state. However, thirdly, those effects are still limited in Korea and Taiwan. Rather, the poverty reduction effects of private transfers are relatively high. Based on the empirical findings, the study suggests future research agendas and policy implications.

• Journal of Labour Economics
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• v.37 no.3
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• pp.1-44
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• 2014

This paper investigates the effect of household formation on the mapping from wage inequality to income inequality, which usually is smaller than the former. Added workers, income pooling among household members, and shared consumption are the factors that make income distribution less inequal than wage distribution, and the effect of income pooling appears to be the greatest. This suggests than the increase in nuclear families and the resulting increase of old families have a potential effect of worsening income inequality at the absence of sufficient private income transfers among the two households. A simple counter-factual estimate indicates that income pooling among the children's and parents' households can efficiently and sizeably reduce income inequality.

• KDI Journal of Economic Policy
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• v.30 no.1
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• pp.71-130
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• 2008

Using data from the Korean Labor & Income Panel Study (KLIPS), this study investigates private income transfers in Korea, where adult children have undertaken the most responsibility of supporting their elderly parents without well-established social safety net for the elderly. According to the KLIPS data, three out of five households provided some type of support for their aged parents and two out of five households of the elderly received financial support from their adult children on a regular base. However, the private income transfers in Korea are not enough to alleviate the impact of the fall in the earned income of those who retired and are approaching an age of needing financial assistance from external source. The monthly income of those at least the age of 75, even with the earning of their spouses, is below the staggering amount of 450,000 won, which indicates that the elderly in Korea are at high risk of poverty. In order to analyze microeconomic factors affecting the private income transfers to the elderly parents, the following three samples extracted from the KLIPS data are used: a sample of respondents of age 50 or older with detailed information on their financial status; a five-year household panel sample in which their unobserved family-specific and time-invariant characteristics can be controlled by the fixed-effects model; and a sample of the younger split-off household in which characteristics of both the elderly household and their adult children household can be controlled simultaneously. The results of estimating private income transfer models using these samples can be summarized as follows. First, the dominant motive lies on the children-to-parent altruistic relationship. Additionally, another is based on exchange motive, which is paid to the elderly parents who take care of their grandchildren. Second, the amount of private income transfers has negative correlation with the income of the elderly parents, while being positively correlated with the income of the adult children. However, its income elasticity is not that high. Third, the amount of private income transfers shows a pattern of reaching the highest level when the elderly parents are in the age of 75 years old, following a decreasing pattern thereafter. Fourth, public assistance, such as the National Basic Livelihood Security benefit, appears to crowd out private transfers. Private transfers have fared better than public transfers in alleviating elderly poverty, but the role of public transfers has been increasing rapidly since the welfare expansion after the financial crisis in the late 1990s, so that one of four elderly people depends on public transfers as their main income source in 2003. As of the same year, however, there existed and occupied 12% of the elderly households those who seemed eligible for the National Basic Livelihood benefit but did not receive any public assistance. To remove elderly poverty, government may need to improve welfare delivery system as well as to increase welfare budget for the poor. In the face of persistent elderly poverty and increasing demand for public support for the elderly, which will lead to increasing government debt, welfare policy needs targeting toward the neediest rather than expanding universal benefits that have less effect of income redistribution and heavier cost. Identifying every disadvantaged elderly in dire need for economic support and providing them with the basic livelihood security would be the most important and imminent responsibility that we all should assume to prepare for the growing aged population, and this also should accompany measures to utilize the elderly workforce with enough capability and strong will to work.