• Title/Summary/Keyword: Economic Factors

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A Study on the Effects of Economic and Financial Stress on the Satisfaction of Living for the Elderly

  • KIM, Jong-Jin;UM, Kyung-Ho
    • The Journal of Economics, Marketing and Management
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    • v.8 no.1
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    • pp.29-35
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    • 2020
  • Purpose - In this study, among the various stresses experienced by single-family senior citizens, we will focus on economic and financial stress and help to comprehend it generally, examine the differences in economic and financial stress and coping behaviors caused by the background variables in the aged group, and verify the variables that affect economic and financial stress, response behavior, and life satisfaction. Research design, data, and methodology - First of all, frequency analysis and technical statistics were conducted to identify the general characteristics of the elderly (characteristics of demographic sociology, social relationships) and the satisfaction level of life. Secondly, Hierarchical Multiple Regression Analysis was conducted to analyse influential factors on life satisfaction. Results - looking at the demographic characteristics of the elderly showed that in case the spouse exists, the level of satisfaction in life was shown to be higher. Next, looking at the characteristics of economic stress showed that the lower the economic stress was, the higher the satisfaction level of life was shown. Conclusions - Since stress has been identified as the most influential variable in life satisfaction through this study, we believe that economic and financial stress should be studied together as a parameter to find out which factors influence life satisfaction, or studies to reduce stresses for experts and senior party members altogether is also needed.

An Analysis on the Facilitating Factors of Foreign Direct Investment Inflows - Focusing on National Macro Socio-Economic Factors of Developing Countries by Continent - (해외직접투자 유입의 촉진 요인 분석 - 대륙별 개발도상국 거시 사회·경제변수를 중심으로 -)

  • Kim, Moo-Soo;Lee, Chan-Hee
    • Korea Trade Review
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    • v.44 no.3
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    • pp.123-136
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    • 2019
  • This study investigates the facilitating factors of FDI (foreign direct investment) inflows in 15 developing countries of three continents (Asia, Latin America, and Africa) using fixed-effect panel regression analysis with 30-year macro socio-economic data. The facilitating factors of FDI inflows in each continent differed. In Asia, labor compensation, GDP, consumer expenditure, human capital, and export facilitated FDI inflows in decreasing order, as did export, total factor productivity, GDP, and human capital in Latin America, and investment expenditure, human capital, government expenditure, and export in Africa. Most importantly, the character of cost saving efficiency-seeking investment was very strong in Asia. Also, third-party export-oriented investment and economic growth-oriented investment were shown in Latin America and Africa, respectively.

Differences between Korea and Other OECD Countries in the Relationships between Suicide and Socioeconomic Factors (자살과 사회경제적 요인과의 관계에 있어서 한국과 다른 OECD 국가들과의 차이)

  • Kang, Eunjeong;Lee, Suehyung
    • Korean Journal of Health Education and Promotion
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    • v.31 no.1
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    • pp.45-56
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    • 2014
  • Objectives: This study aimed to examine how the relationship between socioeconomic factors at the macro level and suicide mortality rate of Korea was different from that of other OECD countries. Methods: We created OECD panel data of 29 OECD countries from 1985 to 2006 and analyzed the relationship between socioeconomic factors and suicide mortality rate for separate age and sex groups using a fixed-effect model. Economic factors included per capita GDP, per capita GDP growth rate, unemployment rate, and women's economic participation rate. Social factors included birth rate, alcohol consumption, and the percentage of population 65 and older. Results: Unemployment rate had a positive relationship with suicide in other countries but it had a negative relationship in some groups of Korea. Women's economic participation rate was both positively and negatively related with suicide in Korea but it did not relate to suicide in others. The negative relationship of birth rate and the positive relationship of alcohol consumption with suicide were evident in Korea, which were not found in other countries. The percentage of population 65 and older was negatively correlated in some female groups in Korea, while no significant relationship was found in other countries. Conclusions: Korea was substantially different from other OECD countries in the relationship between socioeconomic factors and suicide mortality rate.

A Study on the environmental factors that affect married life and life satisfaction of elderly couple - Moderating Effect of Spouse Support - (노년기 부부의 결혼생활 만족도와 삶의 만족도에 영향을 미치는 환경요인에 관한 연구 - 배우자 지지의 조절효과를 중심으로 -)

  • Na, Yei-Won;Kim, Hyoung-Soo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.4
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    • pp.646-662
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    • 2016
  • This study of elderly couples examined the main environmental factors affecting the married life satisfaction and life satisfaction of the spouses. The survey was conducted on 60-year-old elderly couples who live in the metropolitan area of Seoul and Gyeonggi. A total of 400 questionnaires were used to analyze the exception of a number of 12 388 additional missing data. The results were as follows. First, environmental factors affecting the marital satisfaction of spouses' personality suitability and gender role attitudes appeared in the economic conditions. Second, the spouses environmental factors affecting the life satisfaction turned out to be the gender role attitude, reliability and economic conditions. Third, the major environmental factors affecting both spouses married life satisfaction and life satisfaction was found to be the gender role attitude and economic conditions. Fourth, the environmental factors representing a moderating effect on the supporting spouse between environmental factors and life satisfaction appeared to be the personality suitability and economic conditions. These results suggest that the recent increases in the twilight divorce rate may be due to the marriage satisfaction and common factors of gender role attitudes. Therefore, to improve the lives and economic conditions as well as the satisfaction of the spouse, the support of important factors are needed to adjust the crisis of old age couples. Therefore, a relevant policy that targets elderly couples through counseling and education will be needed.

Spaces of Articulated (Non-)Economic Practices and Social Reproduction: Economic Geographical Perspective to the Marketization in North Korea (절합된 (비-)경제적 관행의 공간과 사회적 재생산: 북한 시장화에 대한 경제지리학적 접근)

  • Kim, Boo-Heon;Lee, Sung-Cheol
    • Journal of the Economic Geographical Society of Korea
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    • v.22 no.4
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    • pp.381-404
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    • 2019
  • The paper aims to identify how North Korean various economic agents respond to the economic crisis in North Korea, and how these multiple practices are entangled with its spatiality by through the questionnaire survey and in-depth interview targeted at North Korean refugees. The paper argues that it needs to examine the marketization in North Korea in terms of the domesticating recently debated in economic geography. In this perspective, the marketization in North Korea could be explained not as a grand project 'out there' with hegemonic power, but as various economic agents within their space are constantly (re)constructed through everyday life practices. Economic agents' responses to economic crisis, economic rupture, and economic marginalization could be identified in terms of articulation between economic and non-economic factors. More specifically, the paper emphasizes everyday life responses are over-determined by their economic and non-economic factors and its effectiveness is differentiated by their power relations.

Middle-Aged and the Elderly People's Anxiety about Economic Change and its Influencing Factors (중노년층의 경제적 노후불안과 영향요인)

  • Hong, Sung-Hee
    • Journal of Family Resource Management and Policy Review
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    • v.21 no.2
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    • pp.95-117
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    • 2017
  • The purpose of this study was to examine the level of anxiety about economic change in middle-aged and elderly people and to analyze the factors that influence this anxiety. The data, derived from Korean General Social Survey(KGSS) were collected from Survey Research Center of Sung Kyun Kwan University. The samples included 821 people over the age of 40, including 529 middle-aged people who were from 40 to 59, and elderly people who were over 60. Multiple regression analysis was used to analyze the research model. The findings from the analysis showed that age and subjective economic status had crucial effects on the entire group's anxiety about unemployment and poverty, housing prices, financial markets, and economic recession in the older life. For the middle-aged group, age in particular had crucial effects on all the components of its anxiety about economic change. For the elderly group, geographical region was the most critical factor that affected its anxiety about economic change, the elderly people who were living in metropolitan area and towns had more anxiety than those who were living in rural areas. In particular, region was the only factor that affected the elderly group's anxiety about financial markets, and economic recession. These results showed that specific age of middle-aged and elderly people had the crucial effects while their sex, educational level, and the employment status of their spouse had no effects on their anxiety about economic change. Objective economic indices such as their earned-income and other income including savings and pensions had no effects on their anxiety level. While as noted above subjective economic indices such as their standard of living compared with their parents, projected economic status, and level of socio-economic success had an effect on anxiety about economic change.

Elder Abuse Perception and Caregiving Stress of the Adult Caregivers (성인 자녀의 노인학대 인식과 부양 스트레스)

  • Jang, Hee Kyoung;Kim, Hye Young
    • Research in Community and Public Health Nursing
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    • v.24 no.3
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    • pp.358-367
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    • 2013
  • Purpose: This study was conducted to identify the relationship of the elder abuse perception with the caregiving stress of adult caregivers and to investigate influencing factors on them. Methods: Data were collected from 398 adults aged 30-65, and analyzed with the SPSS/WIN program. Results: In the elder abuse perception, there were differences in age, marital status, education, job, person to be taken care of, age of elderly mother, duration of caregiving, economic status and health status of elderly parents. As for the caregiving stress, there were differences in age, marital status, income, health status, relationship with the elder, person to be taken care of, economic status and health status of elder parents. Influencing factors on the elder abuse perception included caregiving stress, education, marital status, health status of elders, and economic status of parents (30%). On the caregiving stress, elder abuse perception, economic status of elders, and relationship between caregivers and elders were influencing factors (24%). Conclusion: The results of this study suggest that it is needed to develop a nursing program to prevent elder abuse and to decrease caregiving stress in caregivers. In addition, it should be considered in tandem with significant influencing factors that were found in this study.

Analyzing an Economic Feasibility for Restoration/Creation of Artificial Tidal Flats (인공갯벌 조성에 관한 경제적 타당성 분석)

  • Nam, Kwang-Hyun;Oh, Wee-Yeong
    • Ocean and Polar Research
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    • v.25 no.4
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    • pp.593-601
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    • 2003
  • The purpose of this paper is to investigate economic feasibility of creating artificial tidal flats using cost-benefit analyses. We assumed that the cost factors are associated with designing, construction and monitoring, and the benefit factors are associated with fisheries production, habitation, prevention of disasters, water purification, aesthetic value and existence value. First, for analyzing economic feasibility, the scenario suggests that a design can be made in a year, construction can be completed in three years and monitoring must be made for 20 years. Assuming the discount rate of 7.5%, economic feasibility analyses showed that B/C was 2.26 and IRR was 14.50. This study indicated there is economic validity of implementing creation of artificial tidal flat. In addition, we carried out a sensitivity analysis at the change of discount rate and restoration rate. The result of sensitivity analysis clearly showed that economic validity is low when discount rate is over 15%, and changes in restoration rate did not significantly effect on the economic validity.

The Economic Evaluation of the Renewable Energy Projects using the Geske Model (게스케(Geske) 모델을 이용한 신재생에너지사업의 경제성 분석)

  • Jaehun Sim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.4
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    • pp.31-41
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    • 2022
  • As the environmental impacts of fossil fuel energy sources increase, the South Korean government has tried to change non-environmental-friendly enery sources to environmental-friendly energy sources in order to mitigate environmental effects, which lead to global warming and air pollution. With both a limited budget and limited time, it is essential to accurately evaluate the economic and environmental effects of renewable energy projects for the efficient and effective operation of renewable energy plants. Although the traditional economic evaluation methods are not ideal for evaluating the economic impacts of renewable energy projects, they can still be used for this purpose. Renewable energy projects involve many risks due to various uncertainties. For this reason, this study utilizes a real option method, the Geske compound model, to evaluate the renewable energy projects on Jeju Island in terms of economic and environmental values. This study has developed an economic evaluation model based on the Geske compound model to investigate the influences of flexibility and uncertainty factors on the evaluation process. This study further conducts a sensitivity analysis to examine how two uncertainty factors (namely, investment cost and wind energy production) influence the economic and environmental value of renewable energy projects.

Allocation Criterion of the Economic Resources Transfers to Adult Children Among the Middle Aged and the Elderly (중.노년기 가계의 신인 자녀에 대한 경제적 자원이전의 분배기준)

  • 배희선;최현자
    • Journal of the Korean Home Economics Association
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    • v.40 no.6
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    • pp.99-115
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    • 2002
  • The purpose of this study is to investigate the allocation criteria types in transferring economic resources to adult children from the adult-childhood of children to parent's death based on theoretical backgrounds. The research results can be summarized as follows: 1) The mean of allocation criterion of exchange was the highest, the next was the criterion of compensation, and the criterion related birth factors was the lowest. 2) Allocation criteria dimensions of economic resources transfers composed of compensation, exchange, and birth factors were classified into 4 types: $\circled1$ the type that parents transfer to compensate economic status of children, $\circled2$ the type that parents transfer more resources to children who take more care of their parents, $\circled3$ the type that parents transfer more resources to primogeniture or sons, $\circled4$ the mixed type that uses the exchange criterion, the compensation criterion, and the criterion related birth factors. 3) The variables which have significance on the types of allocation criteria were age, the number of children, and marital status. The results of the study suggests the implications of income redistribution policy, financial resource management and saving products development, and the law to motivate care of parents.