• 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.

• Journal of Family Resource Management and Policy Review
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• v.16 no.2
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• pp.59-76
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• 2012

This study examines the relationship between intergenerational financial resource transfers and preparation for later life among the middle-aged. The study sample consists of 1536 middle-aged individuals with at least one living parent and one married child. The level of preparation for later life is dependent upon the level of household economic status. The statistically significant variables predicting the level of preparation for later life include age, education, subjective health status, household income and household assets. Moreover, intergenerational resource transfers are statistically significant factors that explain the level of preparation for later life. The effect of financial transfers from middle-aged parents to their adult children on the level of preparation for later life is the most significant financial transfer variable.

• Journal of Family Resource Management and Policy Review
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• v.16 no.2
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• pp.103-121
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• 2012

This study examines whether reciprocity exists in intergenerational resource transfers from middle-aged children to elderly parents. Analyzing data from a sample of 1123 middle-aged adults, this study highlights the importance of reciprocity in the transfer of resources between middle-aged adults and their elderly parents. The possibility of an inheritance shows a very strong effect on care-giving to elderly parents. Furthermore, past financial transfers from parents to middle-aged children correlates strongly with financial transfers from middle-aged children to their elderly parents.

• Journal of Family Resource Management and Policy Review
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• v.16 no.3
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• pp.1-19
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• 2012

The purpose of this study is to identify the factors that influence financial transfers between married women aged 20-40 and their parents and parents-in-law. In particular, we examine whether there is any reciprocity between parental support for the cost of marriage formation and financial resource transfers from married children to their parents and parents-in-law. Data from the 2009 wave of the Survey of Marriage and Childbirth were analyzed. Among married women who have been married for over 16 years, we find that the probability of them giving financial resources to their parents increases in line with the parental support they received to help their marriage formation cost. Therefore, we confirm that there is reciprocity between parental support for the cost of marriage formation cost and children's financial support provision for parents.

• 한국노년학
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• v.31 no.2
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• pp.321-341
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• 2011

The purpose of this study is to examine income composition elements, poverty rate, and the effects of the transfer income on poverty decrease comparing grandparents-grandchildren households with living alone, couple, and living with adulthood children. Data come from the first(2005) and the second(2007) Korean Retirement and Income Study(KReIS) and the effects of poverty decrease is examined through reconstruction of LIS income definition. The main findings are as follows. First, the total income of the grandparents-grandchildren in 2006 is the lowest and about one-fourth of the households living with adulthood children. Second, the labor income of all households are increasing but the only grandparents-grandchildren's labor income is decreasing. Third, three of ten in grandparents- grandchildren households are in poverty, the poorest households's type is the grandparents-grandchildren in 2006. Fourth, four of ten in grandparents-grandchildren is able to escape poverty after including private and public transfer income. Especially, the effects of the public transfer income in grandparents-grandchildren households is lower in 2006 than in 2004, thus the role of public income security is strongly needed. Existing research was that the poorest type among the elderly group was the living-alone households, but this results show that grandparents -grandchildren households are the poorest group. Thus, income security policy is highly needed for poor skipped-generation households.

• Korean Journal of Human Ecology
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• v.19 no.2
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• pp.361-374
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• 2010

Using the first wave of the Korean Longitudinal Study of Ageing, this research examines the effect of elderly parent's financial structure on private income transfers from their adult children. The results show that low income elderly households are more likely to receive income transfers from their children. Generally, Korean elderly households were found to have very low liquidity in their asset structure, as the average household holds over 90% of their assets in real estate. However, it seems that the parents' potential income based on their real estate assets is unimportant in determining children's transfer decisions. Rather, the parents' labor income is found to be a key factor in children's income transfer decisions.

• Journal of Family Resource Management and Policy Review
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• v.19 no.2
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• pp.27-49
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• 2015

The purpose of this study is to identify poorly understood factors related to the recent rapid decline in fertility in Korean society. Along with Becker's child demand theory, personal psychological traits, such as independence, nurturance, and affiliation, were given special attention in this study. We examine the processes of resource transfers between married women and their parents on childbearing intention in order to verify the effects of both factors. Five hundred and seventy-six women in their early stage of marriage from the 2009 wave of the National Survey of Marriage and Childbirth were analyzed. Main results of the study are as follows. First, Becker's child demand theory is not supported. Instead, the women who were not given economic support from their parents in getting a residence at the time of their wedding turned out to be more willing to have a child, potentially because they were more independent. Second, the women who provided caretaking and emotional support to their parents had higher childbearing intentions, potentially because they were more nurturing. In conclusion, these personal psychological variables are important in understanding the childbearing behavior of women. We suggest that the government should pay more attention to the micro-personal factors raised in this study when executing policies to reverse the current trend of low fertility.

• Korean Journal of Social Welfare Studies
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• v.42 no.3
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• pp.291-327
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• 2011

The purpose of this study is to classify the type of retirement process among the mature-aged in Korea. The study used the panel data from Korean Labor Panel (year2~6) for the classification of retirement process through Optimal Matching and Cluster Analysis. Classification is made in 5 categories as 'peripheral-economically active', 'private-transfer dependent', 're-entering limited', 'securely exiting', 'exit-and-reentering'. First, "peripheral-economically active" is a group which frequently experienced job status change and work insecurity. Second, "private-transfer dependent" is a group in which private transfer is likely to be supplements income in the incidence of unemployment. Third, "re-entering limited" is a group in which the proportion of no financial support combined with the absence of any economic activity is the largest. Fourth, the type "Securely exit" is th group whose members switches over to non-economically active status with pension receipt. The last type is "exit-and-reenter" that the member are highly possible to reenter in the labor market and stay in long time regardless of with or without pension plan. To examine the inequality among the types of retirement process, the duration of each status is analyzed. First, in the situation of being non-economically active, the duration of status is maintain public pension receiving and duration stabile in "securely exit" group. For "private-transfer dependent" type, members are mostly dependent on private financial support and that duration of it is longest. Through the analysis of retirement process without under other financial supports, it is "securely-exiting" type for which the duration of full-time employment is longest. It appears that the duration of part-time employment is longest in "peripheral-economically active" type. And for the case of non-waged employment it is "exit-and-reenter" type. Finally, the redistribution policy based on life course perspective is necessary to prevent that the opportunity in the structure before retirement stage and the unfavorable position in labor market make worse disadvantage in retirement process and after that.

• KOMUNHWA
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• no.56
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• pp.215-245
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• 2000

필자는 이 글을 통해 제주도 고고학 발달사를 크게 4기로 구분하여 보았다. 제1기는 1945년 이전 일제강점기에 유적과 유물을 단순하게 보고하는 수준에 머물렀던 시기이고 제2기는 1945년에서 1983년 기간으로 향토사가와 한국 본토의 고고$\cdot$역사학자들의 부분적인 학술조사가 있었던 시기이다. 따라서 1$\~$2기는 제주 고고학의 기본적인 틀을 잡지 못한 단계라고 할 수 있다. 제3기는 1984년부터 1995년까지로 제주고고학에 있어 본격적인 발굴이 진행되지만 대부분이 긴급 발굴에 해당하고 소규모적인 발굴이었다. 하지만 이 시기에 와서 그 동안 발굴했던 자료와 그 이전의 발굴자료를 모아 나름대로 제주고고학의 시대 편년, 문화 변천 등의 기본적인 틀과 방향을 설정한 시기이기도 하다. 제4기는 1996년 이후 현재까지로 제주고고학의 기본적인 틀 속에서 이를 보완하고 새로운 선사문화의 단계를 설정하는 연구들이 진행 중이다. 이를 뒷받침하는 계기는 제주 고산리유적, 삼양동유적 등이 연차적, 계획적, 대대적으로 발굴되면서 많은 자료가 나왔기 때문이다. 또한 고고학의 범위가 선사시대에 국한되지 않고 제주목관아지, 성읍객사지, 법화사지, 존자암지, 수정사지, 고내현청터 등 역사유적의 출토자료에 대한 관심이 더욱 집중되기에 이르렀다. 제주도내 매장문화재는 발굴된 유적 대부분이 지정되어 있는 상태이다. 제주목관아지(사적 390호), 항파두리성(사적 396호), 고산리유적(사적 412호), 삼양동유적(사적 416호)로 지정되었다. 제주도 지석묘는 총 24기가 지방기념물로 지정되어 있으며 발굴했던 선사유적 중 곽지패총, 북촌리바위그늘집자리, 용담동무덤유적이 지정되어 있다. 역사유적 중 법화사지, 존자암지가 지정되었고 일부 유적지는 복원 중이다. 제주도 문화재를 보존하고 활용하기 위해서는 강화된 새로운 문화재법의 적절한 활용, 매장문화재 발굴 전문기관 설립, 발굴된 문화재의 원상보존, 문화재 주소록 작성, 문화재 행정 전문인력의 확보, 제주문화재의 상징물 선정과 활용, 지역문화재홍보위원의 위촉과 다양한 문화유산 프로그램의 개발을 들었다.