• Journal of the Korean Home Economics Association
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• v.18 no.4
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• pp.65-73
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• 1980

The purpose of this study is ti find out a desirable way to stability and improvement of household economy by studying the changes of consumption level and consumption pattern of urban salary and wage earners' households during the years from 1970 to 1978. For this study, "Annual Report on the Family Income and Expenditure survey" (Published by the Bureau of Statistics, Economics Planning Board) has been used as basic material, and the methods of analysis used here are the time series analysis. We have gained the results as follows: 1) From 1970 to 198, the total income level increased at the rate of 416.2% in nominal price, but only 74.4% in reql price, while the total expenditure level showed 338.5% increase in nominal price, but its real increased proved only 418.2% in consideration of inflation. APC decreased from 95.1%(in 1970) to 80.7%(in 1978). 2) As for the expenditure pattern for the above mentioned nine years, the rate of food expenditure increased until 1975 under the price influence, but it trended to decease there after on . The rate of housing expenditure showed a gradual increase while that of fuel and light expenditure was on the decrease. The rate of clothing expenditure had been on the decease until 1974 but it began to increase gradually thereafter on. The trend of miscellaneous expenditures was irregularly up and down, educational expences being the first rank among them, Non-living expenditure had been constant until 1974 but it decreased a little after that. From the results it was found that the consumption level of the salary and wage earners' household in all cities from 1970 to 1978 was not practically improved because of rise in prices, nor was the Engel's coefficient and the rate of miscellaneous expenditure changed distinctively. However, as the successive decrease of APC suggests the possibility of economic development, we must try to put stress on economy in consumption and on encouraging. This will help run our household economy in safety and stability.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.7
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• pp.275-283
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• 2021

Globalization has greatly contributed to an increased need for improvement of human capital, and particularly in the development of the real estate and construction sector. Since the political and economic reforms in 1986, Vietnam has experienced a strong economic performance. The real estate and construction sector is one of the fastest growing industries in Vietnam, accounting for approximately 7.6% of GDP in Vietnam. The aim of this study is to identify critical factors influencing the satisfaction of employees to their working place. The sample data collected was from 265 employees, managers and staff in real estate and construction companies in Vietnam. After revising the missing data, and the errors, 240 valid respondents are selected. In addition, the analysis also employs SPSS software by discussing descriptive statistics, Cronbach's alpha test, exploratory factor analysis (EFA), and regression analysis. Our empirical findings show that a company offering greater wages can positively affect the satisfaction of employees to their working place in the real estate and construction sector. In addition, a firm with a superior working relationship and working environment has a positive and statistically significant impact on the satisfaction of employees to their working place.

• Korean Journal of Agricultural Science
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• v.24 no.1
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• pp.63-74
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• 1997

This study is aimed at identifying the value of marginal products(VMP) of agricultural labor, capital and land. The resources are the major portion of input costs of agricultural projects. To appraise economic feasibility of agricultural projects, the real value of the resources would be estimated by VMP of the inputs rather than by distorted actual market prices such as rural wages, rent and interest. To convert the market wage rate into shadow wage rate, covertion factor of 0.90 would be appicable based on the study results. To evaluate the right of way and compensation, VMP of land is recommendable to apply in land pricing rather than actural land rent prevailing in rural area which has been underrated on account of labor shortage and difficulty of farming. Discount rate as a opportunity cost of capital should be applied 7-8% considering the VMP of capital and interest rate of foreign loan from IBRD and ADB. For the successful appraisal of the agricultural projects, the recommendation of this study would be applied in the future.

• International Area Studies Review
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• v.21 no.4
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• pp.3-17
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• 2017

The purpose of the paper is to suggest the empirical evidences for the effects of factor prices on the export performance in the Korean manufacturing industries during the period 1975:1-2016:4. The paper is to set up the error correction model derived from the autoregressive distributed lag scheme and to estimate the factor price elasticities of export in the 8 manufacturing industries. The real wage, interest and import price index elasticities of export all were estimated to be statistically significant at 1% level in the most industries with showing negative signs as expected. And the real wage elasticity proved to likely be smaller as the industries become more capital-intensive while the import price index elasticity tended to become larger in industries with larger ratio of imported intermediate goods to output. The empirical results suggest that the declines in input factor prices since the foreign exchange crisis in the end of 1997 have positive effects on the export performance in the Korean manufacturing industries.

• International Area Studies Review
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• v.15 no.2
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• pp.77-100
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• 2011

The Korean economy have experienced the remarkable decreases in factor prices such as bond yields, real wage since the IMF foreign exchange crisis. This paper investigates the effects of the price changes in the factor markets on determining the level and cyclicality of industrial markups in the manufacturing industry. For this purpose, we construct a markup equation in the small open economy based on the production function including foreign intermediate goods and assuming constant returns to scale technology and AR(1) process of technological coefficient. Empirical results are summarized as the followings. The empirical results shows that the increased markups after the IMF crisis can be explained by the price decreases in the factor markets which result in lowering marginal costs. And we also observed counter cyclicality of markup, labor share and interest rates while real wages, technical coefficients, and production price index proved to be pro-cyclical. In conclusion, the price changes in factor market have contributed to the stickiness in markup fluctuation in the manufacturing industry.

• Journal of Environmental Science International
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• v.17 no.4
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• pp.461-468
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• 2008

Competitive power of pelagic fishery in Korea has been weakened by the domestic and international problems such as wage increase and exclusive economic zone. To make it worse, fishing fleet spends more than 80% of fishing time on searching fishing grounds. Real-time information on oceanographic data, temperature in particular, are likely to contribute to raise efficiency of fishing. However, available data obtained by satellite remote sensing, fixed buoy and drifting buoy, limited to sea surface or fixed positions. ARGO (Array for Real-time Geostrophic Oceanography), an international program, has delivered vertical profiles of temperature and salinity in the upper 2000m of the world ocean every 10 days using freely moving floats. We have developed real-time oceanographic information system for pelagic fishery based on the Argo data which has the contents of vertical profile, horizontal distribution and vertical section of temperature around fishing grounds and searched data can be download unrestrictedly. Comparison of skipjack catch with sea surface temperature and depth of $20^{\circ}C$ derived from Argo data in the West Equatorial Pacific revealed that Argo data are able to help fishing fleet to find fishing grounds and to increase catch.

• Culinary science and hospitality research
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• v.4
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• pp.317-345
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• 1998

According to this study, Korean food department rather than Western food department and business department rather than food & beverage department is more separated with the greater difference. It is surveyed that the main reason to separate from food service is dissatisfaction to wage followed by six reasons. In the light of management the separation of employees gives management a positive aspect, but the separation of necessary employees bring about a big problem. That the separation rate of food service industry which greatly depends on personal service is high causes many bottleneck to development of food service industry. If the saparation rate of employees is high, it is difficult to maintain consistency of service quality. It is impossible to think that immature service new employee gives customer strong impression. Subsequently the spending of time and cost to train new employees and management reproaching supervisors makes morale of employees dropped. That is why the very this influences selling. To improve the vicious cycle of that serve absence in food service Operators of food service industry should be escaped from their fixed ideas. It is time to need management consciousness which wants to have real content rather than external growth. It is revealed that more than 80% of investment of most of food service industry goes to facility investment. A part of the investment cost should be invested to foster professional manpower. And if employees can have owner consciousness by continuous support and positive investment in training which can give real intention to their lives and vocational pride, it is believed that the future of food service industry in Korea is promising.

• Journal of Korean Society of Forest Science
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• v.86 no.3
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• pp.270-278
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• 1997

This study was conducted to estimate future need and supply of labor in forestry in Korea. To estimate future labor demand, it was hypothesized that 3,503 thousand hectares of privately-owned forest land will need to be managed for normal forest development. At each step in the forest management process, the work-force requirement was estimated. To estimate future labor supply, 520 rural residents were interviewed to reveal their willingness to be employed in forestry under four hypothetical wage rates. From those, 490 questionnaires were used to develop a probability function for labor supply. Based on this function, it was estimated that 39,190 forest workers will be needed per year for the next ten years. This labor needs will be met between the years 2003 and 2004 if the real wage rate rises 5% per year, and in 2001 if wages increase 7% annually. This assumes a base salary of 32,200 Won. However, if the wage rate remains constant at the 1995 level of 32,200 Won, then the labor deficit will be perpetuated.

• Journal of Families and Better Life
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• v.19 no.4
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• pp.121-135
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• 2001

This study examines the real states of family businesses through the interview to the owners and their family members of 15 family businesses. Contents of the interview are starting process, goal and long-run plan, marketing, human resource management and financial management. Many owners usually start their business because of unemployment or shortage of job opportunity. So they dont have an business experience or management skill. And owners act passively in sales because they think the sales area is restricted and their stores are well-known. Family members, especially housewives, suffer role conflict and dissatisfaction because there are no rules on wage and responsibility. And many owners use the resource of household to business and vice versa. This is an advantage of family business in the viewpoint of effective use of resource, but it is a confusion of resources in the viewpoint of financial management.

• The Korean Journal of Applied Statistics
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• v.26 no.6
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• pp.1043-1051
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• 2013

We use a structural vector error correction model of the labor market to investigate the effect of shocks to Korean unemployment. We associate technology, labor demand, labor supply, and wage-setting shocks with equations for productivity, employment, unemployment, and real wages, respectively. Subsequently, labor demand and supply shocks have significant long-run and contemporaneous effects on unemployment, respectively.