• 대한가정학회지
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• 제26권4호
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• pp.113-127
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• 1988

This paper attempts to investigate and analyze the change of the proportion of discretionary consumption expenditure (DCE) of main consumer goods among total household expenditure from 1964 to 1986 in Korea by reorganizing various data, particularly "Annual Report of Citizen's Household Experditure in Sooul".The result of the author's analysis can be summarized as follows. 1. The analysis shows that while the proportion of DCE in food has been increased during this period as the Korean economy developed, the value of income elasticity for beverages, liguor, out-door eating and processed food products which consist of major part of food, has been successively decreased. And also, though the absolute value of income elasticity for grain products has been increased, its proportion among total expenditure has been successively decreased. From these trends, we can conclude that general consumption pattern has a tendency to change from dependence on main grain products to the more utilization of out-door eating or processed food products. 2. The ratio of DEC of furnitures to housing expenditure has played a role of indicator of business cycle, reflecting the consumers' psychological expectation fro general economic trend. 3. In case of the proportion of DCE of clothes, there has been no great change. 4. As for as DCE of sundry expenditure is concerned, there has been no-great change in The proportion itself/ However. as the ratio of sundry expenditure to total household expenditure has been greatly increased, expenditure for leisure disproportionately increased. 5. The proportion of total DCE in total consumption expenditure, as in the case of housing, has been increased, which coincided exactly with business cyele appeared during this period. In fact, when Korea economy experienced a severe recession in 193 and 1980, that proportion deeply went down respectively, and again went up after those years. Accordingly, we can generalize that the size of DCE deperds on the formation of consumer's psychological expectation toward economy, which confirms George Katona's early proposition.

• 대한가정학회지
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• 제36권1호
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• pp.129-142
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• 1998

The purposes of this study were to identify education expenditure and to analyze contributing factors to total education expenditure for two children among married couples. For these purposes, total sample of 1,256 married couples those having two children of both pre-school aged and school aged were selected, and total sample was divided into four groups by first child's school aged; those were pre-school aged(375), elementary school aged(385), middle & high school aged(248) & college aged(248). Statistics used for the analysis were frequencies, means, percentile, and tobit and OLS analysis. The results were as follows. First, the households those having the first child of pre-school aged didn't spent for public education expenditure, while public education xpenditure of school aged increased continuously. The households having the first child of high school aged spent the most private education expenditure among four groups, however, total education expenditure of the households having the first child in college aged spent the most education expenditure were household head's age, family size, home ownership and financial asset amount, and elementary school-aged's factors were household head's age, education level, home ownership and total household income. Also, household head's education level, wife's expectation of future economy, residence, total household income had significant effects on total education expenditure in middle and high school-aged, and household head's job, home ownership, contact with neighborhood, residence and Engel's coefficient were significant variables in college aged.

• 한국지역사회생활과학회지
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• 제14권2호
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• pp.15-27
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• 2003

This study investigates the reports about financial management and financial information needs in farm household, to development financial education program for farm household. The results were as follows: 1) Financial management was carried of husband (49%), husband and wife (31.0%) and wife (15.2%) 2) Farm households demand of financial information was selling for farm products(66.5%), farm management(65.1), keeping budget(52.6%) and consumer information(42.6%). 3) The variables (sex, age, Education, farming type) have statistically significant on test of financial knowledge. 4) On the basis of results, for the stabilization of rural economy it is necessary to maximize and stabilize the rural house hold income however, it is also necessary to educate the rural people by providing the ways and means to efficiently manage the income. Thus various financial management programs and educational resources should be developed and provided to the agriculture household finance managers and the instructors in Agricultural Technology Development Center. Specially, according to the financial knowledge test as the demand of financial information in the group of respondents who answered ‘don’t know’ is higher than the demand in the group of right or wrong answers it is quite urgent to develop and provide the financial education programs and financial resources for these people.

• 한국주거학회논문집
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• 제26권3호
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• pp.45-54
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• 2015

The purpose of this research is to analyze the wealth effects of home-owning baby-boomers on household consumption on non-durable goods in the Seoul Metropolitan Area. In so doing, this empirical study utilized the Korean Labor and Income Panel Study (KLIPS) of 2002 and 2012. The statistical findings reveal that household wealth in the period had sharply risen in household income, asset, debt and consumption, and the substantial increase came from growing income and consumption embedded into an expansionary stage of the family life cycle. Further, housing wealth had a much greater effect on consumption expenditure than did financial asset in 2012 while financial wealth effect was larger than housing wealth effect in 2002. Housing wealth effects had become far stronger as the age of the baby-boomer householders increased. As the baby-boomers are close to the retirement stage, post-retirement income security becomes of concern, so that the wealth effect of real estate income as an income alternative for retirees is explicit. The results imply that retirement of baby-boomers is likely to reduce consumer spending, aggravating slowdown of the real economy. Thus, diversification of household asset portfolio in a pre-retirement period is of great significance in maintaining adequate household consumption in later life.

• 한국산림과학회지
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• 제97권3호
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• pp.274-284
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• 2008

입목자산의 경제적 가치를 평가하기 위해서는 벌채수확을 비롯하여 조림 육림 등과 관련된 많은 투입요소들이 고려되어야만 한다. 특히 임가경제조사를 통한 입목자산가치의 평가를 위해서는 이러한 투입요소들을 지역별/수종별로 표준화하는 것이 요구되며, 따라서 좀더 효율적인 입목자산가치의 평가를 위해서는 각 투입요소들의 조사방법 및 표준화 기준 등을 구체화할 필요가 있다. 또한 지역별/수종별로 표준화된 투입요소들을 이용하여 실제로 입목자산의 가치를 산정하는 방법 및 절차에 대해서도 구체적인 지침을 마련할 필요가 있다. 따라서 본 연구에서는 기존의 평가사례 및 연구문헌들을 토대로 투입요소들의 표준화를 위한 합리적인 대안을 제시하고, 표준화된 투입요소를 이용하여 실제로 입목자산을 평가하는 세부적인 업무내용 및 절차 등을 분석하였다. 분석된 결과들은 네 단계의 자료유형, 즉 시스템 흐름도(system flow chart), 프로세스 흐름도(process flow chart), 상세 흐름도(detail flow chart), 스키머 데이터(skimmer data)의 형태로 제시되었으며, 이러한 분석결과를 토대로 '입목자산가치 평가표'를 산출할 수 있는 프로그램(EnVAST)을 개발하여 임가경제조사에 활용할 수 있도록 하였다.

• 한국산림과학회지
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• 제97권1호
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• pp.77-82
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• 2008

우리나라의 산림자원은 그 양적인 증대에도 불구하고, 임업의 낮은 채산성으로 인해 아직까지 경제적인 자산으로서의 가치를 충분히 인정받지 못하고 있으며, 임가경제통계나 국부통계 등 국가통계에서도 입목자산과 관련해서는 통계자료가 명확하게 제시되지 못하고 있는 실정이다. 따라서 본 연구는 우리나라 입목자산가치를 올바르게 평가하기 위한 방법 및 국가통계 산출 시스템을 구현하는데 최종적인 목적이 있으며, 이를 위하여 기존의 입목자산 관련 국내외 평가 사례 및 문헌 조사를 통해 다양한 평가방법들의 이론과 적용상의 현실적인 문제점들에 대해서 분석하였으며, 분석된 결과를 토대로 평가 대안들을 도출하고 그 타당성을 검토하였다. 본 연구 결과, 임가경제조사를 통한 우리나라 임가의 입목자산가치 평가를 위해서는 벌기령 미만의 산림은 내부투자수익율법으로, 벌기령 이상의 산림은 시장가역산법을 적용하여 평가하는 방법이 가장 합리적인 대안으로 제시되었다.

• 아태비즈니스연구
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• 제11권4호
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• pp.189-203
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• 2020

Purpose - This study aims in analyzing the dynamic relationship between household loans and housing prices according to the characteristics of depository institutions after the financial crisis, identifying the recent trends between them, and making policy suggestions for stabilizing house prices. Design/methodology/approach - The monthly data used in this study are household loans, household loan interest rates, and housing prices ranging from January 2012 to May 2020, and came from ECOS of the Bank of Korea and Liiv-on of Kookmin Bank. This study used vector auto-regression, generalized impulse response function, and forecast error variance decomposition with the data so as to yield analysis results. Findings - The analysis of this study no more shows that the household loan interest rates in both deposit banks and non-bank deposit institutions had statistically significant effects on housing prices. Also, unlike the previous studies, there was statistically significant bi-directional causality between housing prices and household loans in neither deposit banks nor non-bank deposit institutions. Rather, it was found that there is a unidirectional causality from housing prices to household loans in deposit banks, which is considered that housing prices have one-sided effects on household loans due to the overheated housing market after the financial crisis. Research implications or Originality - As a result, Korea's housing market is closely related to deposit banks, and housing prices are acting as more dominant information variables than interest rates or loans under the long-term low interest rate trend. Therefore, in order to stabilize housing prices, the housing supply must be continuously made so that everyone can enjoy housing services equally. In addition, the expansion and reinforcement of the social security net should be realized systematically so as to stop households from being troubled with the housing price decline.

• 아태비즈니스연구
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• 제13권3호
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• pp.389-400
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• 2022

Purpose - This study empirically analyzes the effects of food delivery service use frequency and the proportion of single-person households on the generation of MSW (Municipal Solid Waste). Additionally, the study analyzes MSW increase during the COVID-19 period. Design/methodology/approach - The study uses annual information on MSW and related characteristics of 228 Si, Gun, and Gu, which are administrative districts of Korea, from 2015 to 2020. Panel fixed effect model is employed for estimations. Findings - The study finds that food delivery and single-person household have significant effects only on recyclable and standard garbage bag MSW, respectively, not on all produce types of MSW. Additionally, it is estimated that, during the COVID-19 period, the increasing effect of food delivery is intensified while single-person households diminish its increasing effect. Lastly, the study confirms that the marginal effect on the increasing effect of MSW generation by the number of household members. Research implications or Originality - The estimated results are expected to provide useful information for the related policies. In particular, it is necessary to focus more on recyclable MSW concerning the developing delivery culture, and regarding changes in the family structure, focus more on the number of household members than single-person households.

• 대한가정학회지
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• 제36권4호
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• pp.35-48
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• 1998

The imputation of monetary value of women's contribution to the informal economy for inclusion in satellite accounts to the formal System of National Accounts has been attempted along many methods. This is bases on official laborforce statistics and time-use survey. In this statistical system, household work is not an economic activity(or productive labor). Also, the clssification of activities involved in household work is different from that of sampling survey relating evaluation. The measurement of women's unpaid work is one of the important tasks for the improvement of women's status and the establishment of a development policy. To measure unpaid work in the economic terms, we should take following measures; 1) develop satellite or other official accouts to measure unpaid work outside national accounts. 2) conduct a nation-wide time-use survey to measure the unpaid work. 3) develp a proper classificaition of activities for time-use statistics. 4) reexamine the minimum time criterion. 5) determine a proper method of valuing along the law system.

• KDI Journal of Economic Policy
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• 제42권1호
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• pp.31-56
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• 2020

Does financial development contribute to economic growth? The literature finds that an expansion in financial resources is useful for economic growth if the degree of financial development is under a certain threshold; otherwise, the expansion is detrimental to growth. Almost every published study, however, considers country-panel data. Accordingly, the results are not directly applicable to the Korean economy. By examining Korean time-series data, this paper finds that there is an inverse U-shaped relationship between the per capita real GDP growth rate and private credit (as a percentage of nominal GDP)-a well-known measure of quantitative financial development, where the threshold is 171.5%. This paper also finds that private credit is positively associated with economic growth if the share of household credit out of private credit is less than 46.9%; otherwise, private credit is negatively associated with economic growth. As of 2016, the ratio of private credit to GDP and the ratio of household credit to private credit are both higher than the corresponding thresholds, which implies that policymakers should place more emphasis on qualitative financial development than on a quantitative expansion of financial resources.