• Asia-Pacific Journal of Business
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• v.14 no.2
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• pp.51-61
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• 2023

Purpose - Since COVID-19, the government's expansion of liquidity to stimulate the economy has resulted in an increase in private debt and an increase in asset prices of such as real estate and stocks. The recent sharp rise of the US Federal fund rate and tapering by the Fed have led to a fast rise in domestic interest rates, putting a heavy burden on the Korean economy, where the level of household debt is very high. Excessive household debt might have negative effects on the economy, such as shrinking consumption, economic recession, and deepening economic inequality. Therefore, now more than ever, it is necessary to identify the causes of the increase in household debt. Design/methodology/approach - Main methodology is regression analysis. Dependent variable is household loans from depository institutions. Independent variables are consumer price index, unemployment rate, household loan interest rate, housing sales price index, and composite stock price index. The sample periods are from 2017 to May 2022, comprising 72 months of data. The comparative analysis period before and after COVID-19 is from January 2017 to December 2019 for the pre-COVID-19 period, and from Jan 2020 to December 2022 for the post-COVID-19 period. Findings - Looking at the results of the regression analysis for the entire period, it was found that increases in the consumer price index, unemployment rate, and household loan interest rates decrease household loans, while increases in the housing sales price index increase household loans. Research implications or Originality - Household loans of depository institutions are mainly made up of high-credit and high-income borrowers with good repayment ability, so the risk of the financial system is low. As household loans are closely linked to the real estate market, the risk of household loan defaults may increase if real estate prices fall sharply.

• Journal of the Korean housing association
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• v.23 no.2
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• pp.69-77
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• 2012

The purpose of this study was to explore housing cost burden of young single- or two-person households in the United States who have recently moved for job-related reasons. Total 580 households were selected from 2009 American Housing Survey public-use microdata for data analysis. The findings are as follows: (1) Targeted single-person households were characterized as younger households with higher educational attainment, lower household income, and greater proportion of renters, multifamily housing residents and households with housing cost burden than other households; (2) two-person households showed a higher income level and lower housing cost burden; (3) characteristics that showed significant influences on housing cost burden were household size, householder's age, gender, race and educational attainment, household income level and tenure type; and (4) a linear combination of household size, household income, whether or not a low-income household, residency in metropolitan area, and home structural type were found to be most efficient to predict a single- or two-person household's housing cost burden regardless of the household size.

• Journal of the Korean Society of Clothing and Textiles
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• v.38 no.1
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• pp.33-45
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• 2014

This study investigates urban household consumption patterns for clothing items in different income cohorts through the analysis of an Almost Ideal Demand System (AIDS) model. Korea quarterly time-series statistics data for urban household expenditures from 1990 to 2013 analyzed household demand. The price and total consumption expenditure elasticities of 4 clothing items (outer wear, shoes, clothing related services and other miscellaneous clothing) for 7 income cohorts were estimated to investigate the clothing consumption patterns of different income cohorts. The study results show that the different household income cohorts have different consumption patterns for clothing items. The elastic demand of total consumption expenditures in the lowest household income cohort suggests that they consume clothing items as luxuries while other households mostly consume them as necessities. The price elasticity for all household income cohorts and clothing items (except the highest household income cohort and outer wear) was found to be elastic. The highest household income cohort had an inelastic price demand for all clothing items that implied a less sensitive clothing consumption change for the clothing price change than other households.

• Journal of Agricultural Extension & Community Development
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• v.22 no.4
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• pp.365-383
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• 2015

This study aimed at identifying a differences of the factors affecting personality of multicultural and non-multicultural household adolescent in rural area. The major findings that were drawn from this study were as follows. Frist, the level of personality perceived by non-multicultural household adolescent was higher than it of the multicultural household adolescent significantly. Second, the regression analysis showed that the factors affecting personality was different between multicultural and non-multicultural household adolescent in rural area. The scholastic performance(${\beta}=.23$), namely, affected most significantly the personality perceived by adolescent of multicultural household, and the immersing time in internet game per one day(${\beta}=-.27$), on the other hand, affected most significantly the personality perceived by adolescent of non-muticultural household. In conclusion, based on results of this study, several plans improving the personality of the rural multicultural and non-multicultural household adolescent were suggested.

• Korean Journal of Human Ecology
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• v.13 no.1
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• pp.51-62
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• 2004

This research developed satellite account for household production to measure the whole size of production in Korea. The standardized satellite account was designed on the basis of Ironmonger's IO table. Results of this research were summarized as follows. First, the economic values of male and female labor invested for household production was 1,560,000 and 5,380,000 Won, respectively. Female input was greater than male by 3.5 times. Second, the expenditure for durable goods for household production was on average 470,000 Won per year. Among the total expenditure, 36% was spent for household management activities, 25% for food preparation and 25% for cleaning and laundry. Results of examining the expenditure for durable goods in total production activities showed that more than half was spent for household production; 54% for household production, 39% for leisure, 4% for sleeping, and 3% for individual use. Third, among expenditure of consumption for intermediate foods for household production, expenditure for food was the greatest to be followed by expenditures for child care, other houseworks, and cleaning and laundry. Finally, the total value of household production in Korea turned out to reach 171 trillion won which was value of 36% of GDP(482 trillion Won) in 1999.

• Journal of Korean Home Economics Education Association
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• v.12 no.3
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• pp.39-51
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• 2000

The major purpose of this study is to investigate the middle school students’consciousness and their participation of household work. The participants were 540 middle school students but the final data used in this study was 489. For the statistical analysis of this study, frequency, percentage, mean. standard deviation. Cronbach’s $\alpha$ coefficient, one way ANOVA, t-test. Duncan’s Multiple Range Test and Pearson’s correlation were calculated. The results of this study were summarized as follows: 1. It was appeared that the middle school students’consciousness and their participation of household work was high. 2. According to the household environmental variables. there was not any significant difference in the middle school students’consciousness of household work but there was significant difference in the middle school student’s participation of household work. 3. According to the school environmental variables there was not any significant difference in the middle school students’consciousness of household work, but there was significant difference in the middle school students’ participation of household work. 4. According to the degree of family life satisfaction, there was significant difference both in the middle school students’consciousness and in their participation of household work in whole categories. 5. According to the degree of Home Economics course cognition there was significant difference both in the middle school students’ consciousness and in their participation of household work in whole categories.

• Journal of Family Resource Management and Policy Review
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• v.19 no.4
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• pp.35-53
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• 2015

The purpose of this study was to investigate the effects of social supports and health on the depression of the rural elderly according to their household patterns. Data were collected from 1,000 of the elderly over 65 living in rural Korea. A questionnaire was used with direct interviews and was analyzed through descriptive statistics, ANOVA, and a multiple regression analysis. The major findings of this study are as follows. First, the general characteristics, social supports, and health of the rural elderly are significantly different according to their household patterns. Second, depression in the rural elderly is also significantly different according to household patterns; elderly people in a single household report greater depression than elders in a coupled household or those in a household with a child. Third, satisfaction with health conditions and nutrition management variables has a significant influence on the depression of the rural elderly in all household patterns. Fourth, there are differences among variables that affect depression of the rural elderly according to their household patterns.

• The Journal of Asian Finance, Economics and Business
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• v.6 no.2
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• pp.75-82
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• 2019

The paper aims to investigate the impacts of long-term savings motives on fostering household participation and contribution to savings mechanisms in rural Vietnam. The paper is organized in five parts: introduction, data description, methodology, empirical results, and conclusion. The quantitative methodology is employed and three simultaneous estimation methods, including instrumental variable model, two-step model, and Heckman model are used to test these impacts as well as the robustness of results. In each model, the paper examines the impacts of independent factors on both household participation and household contribution to savings mechanisms. Two sets of independent variables: long-term savings motives (profit-making investment, accumulation for big expenditure, providing for old age, and cost of educations) and control variables (dependency rate, number of people in household, and household wealth) are in each model. A set of dataset of 2,314 households for analysis is obtained from household survey in rural Vietnam. Robust statistical findings indicate that profit-making investment emerged to be the strongest motive fostering household participation to savings mechanisms while other long-term savings motives have little or no impact on fostering household participation to savings mechanisms. In addition, education investment encourages household contribution to savings mechanisms in rural Vietnam.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.539-547
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• 2021

Indonesia is the largest exporter of palm oil in the world. The province of West Sulawesi is the second-largest palm oil producer in Indonesia. This study examines the contributions of oil palm farming to total household income and the factors affecting the household expenditure of oil palm smallholders in West Sulawesi, Indonesia. This study also identifies the problems related to oil palm production in the province. Primary data were collected from 174 oil palm smallholders using a standardized questionnaire in the Lariang sub-district, Pasangkayu, West Sulawesi, Indonesia. Several statistical tools were employed to analyze the data. The study estimated the average household income of the smallholders at IDR 30,417,441 per year, out of which 85,8% comes from oil palm farming, followed by non-oil palm farming (8%) and off farming (6.2%). On the other hand, the average household expenditure was found to be IDR 23,476,069 per year which 66% goes for food consumption and 34% for non-food consumption. The findings revealed that household expenditure of the oil palm smallholders is strongly and positively affected by a number of factors such as household income, education level, family size, earning members in the family, number of children attending school, and amount of credit taken by the household.

• Journal of the Korean Home Economics Association
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• v.38 no.7
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• pp.117-132
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• 2000

The purpose of this study is to develop a computer software titled "Compare & Evaluation Program for Household Consumption". This software is developed in Microsoft Visual Basic 6.0. For the data of this program, the family Income and Expenditure Survey(1998) produced by the National Statistical Office in Korea is used. This program compares income and consumption expenditure for each household with those for standard household according to income level and family life cycle. This program gives information and suggestion for household consumers to manage rational household consumption. Also this study investigates validity and usefulness of the software program by interviewing 20 households used this program.