• Title/Summary/Keyword: Relative Net Income

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Continuity and Change in Korean Welfare Regime ; After 1990 (한국 사회복지정책의 변화와 지속;1990년 이후를 중심으로)

  • Hong, Kyung-Zoon;Song, Ho-Keun
    • Korean Journal of Social Welfare
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    • v.55
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    • pp.205-230
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    • 2003
  • This article examines the continuity and change of Korean welfare regime during 1990s. Democracy, globalization and the financial crisis changed the landscape of Korean society as a whole and provided a catalyst for the change of the Korean welfare regime. In order to show how and what changed in Korean welfare regime, this study concentrates on the transformations of income maintenance programmes and social welfare services. The changed aspects are as follow: (1) The ratio of social expenditure to GDP has increased during 1990s and now stood at ten percent level. (2)Rather than backing up the company welfare, government strove to build and expand income maintenance devices for all citizens. (3) The poverty and inequality reduction effects of income maintenance programs are very weak in early 1990s, but they are gradually getting stronger impact on poverty and inequality. But, there are also continuance. (1) In spite of the relative development of income maintenance programs, social welfare services are still poorly designed as before. (2) The expenditure level of social welfare services shows sharp contrast to income maintenance programs and lagged behind the other OECD countries. (3) The expansion of social service sector employment are also not so salient. In 2002, social service employment is only at close to 2.5 per cent of the total employment. Accordingly, korean welfare regime is now characterized by a model which is to curb poverty and inequality by engaging in direct government provision of income maintenance programs, but refrain from expanding social service by relying on net welfare which encourage the provision of services within the family. A implication of our analysis is that the expansion of social welfare Korea saw after 1997 was not really an regime shift. According to the arguments of Peter Hall, first and second order changes in policy do not automatically lead to third order changes which imply regime shift. Policy changes which occurred during 1990s was not accompanied by a shift in policy paradigms. Family dependency in welfare is not yet changed.

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An Analysis of Efficiency of Superior Appraisal Corporations Using DEA (DEA 모형을 이용한 우수감정평가법인의 효율성 분석)

  • Lee, Chan-Ho;Kim, Jong-Ki;Hwang, Soo-Jin;Jeon, Jin-Whan
    • The Journal of the Korea Contents Association
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    • v.10 no.12
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    • pp.290-299
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    • 2010
  • This study aims to evaluate the efficiency of superior appraisal corporations using DEA(Data Envelopment Analysis). DEA is known as a method for evaluating relative efficiency of organizations with multiple inputs and outputs. We used CCR-O and BCC-O DEA models to evaluate relative efficiency of superior appraisal corporations. Input variable is number of appraisers, output variables are total sales and net income. Total of 13 appraisal corporations in Korea were selected for this study, and the data were collected from financial reports for 2008 fiscal year. The result of this study is summarized as follows. First, the average of superior appraisal corporation's technical efficiency score is about 88.3% by applying CCR-O model. Second, the average of superior appraisal corporation's pure technical efficiency score is about 90% and scale efficiency score is about 98.2% by applying BCC-O model. According to the result of DEA, the cause of inefficiency is pure technical efficiency.

Comparative Analysis of Consumption Expenditure Condition of Elderly Persons with and without Physical Disabilities by Social Economic Status and Sociodemographic Characteristics (중노년기 지체장애인과 비장애인의 사회경제적 지위 및 인구사회학적 특성에 따른 소비지출구조 비교분석)

  • Kim, Hye-Gyong
    • The Journal of the Korea Contents Association
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    • v.16 no.9
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    • pp.136-148
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    • 2016
  • This study was carried out to analyze the consumption expenditure condition of elderly persons with and without physical disabilities by social economic status and sociodemographic characteristics and to compare the results of those two groups for making an offer the basic materials to provide political support for elderly persons with physical disabilities. The statistical analysis of collected data was enforced through T-test, ANOVA and Crosstabs with SPSS 19.0 program. The results of this study are summarized as follows. First, the group with disabilities has presumed to be in relative poverty given that disposable income, academic career and total living expenses showed lower than the other group. Second, the component ratios of domestic foods and housing expenses of disabled group showed higher but those of specific spending items of expenditure such as social activities, reserving fund of social security for economic safety net, clothing and eating out expenses showed lower than the other group.

Lifetime Production of Kajli Ewes at Khushab and Khizerabad : Reproduction and Lamb Production as Affected by Ewe Longevity

  • Qureshi, M.A.;Nawaz, M.;Khan, M.A.
    • Asian-Australasian Journal of Animal Sciences
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    • v.10 no.4
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    • pp.408-415
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    • 1997
  • Data from 5,311 ewes and 13,076 lambing from 1977 through 1994 were used to analyse both annual and cumulative outputs in terms on total number of lambs born, total lamb weight weaned and total wool produced per ewe for ewe longevity 1 to 8 depending on their productive life in the flock. Ewes at Khushab produced 0.08 more lambs per parturition than ewes at Khizerabad; however, 0.39 less lambs were weaned at Khushab than at Khizerabad. Similarly, cumulative number of lambs born was more at Khushab flock than Khizerabad flock (p < .01). However, total weight of lambs weaned was greater at Khizerabad than Khushab flock (p < .01) for each ewe longevity. Most ewes (35%) were sold/replaced just after their first parturition (i. e. ewe longevity 1). The overall mean for annual sale/replacement was 32 and 23% at Khushab and Khizerabad, respectively. Distribution of growth and reproductive traits from 1977-94 did not show upward or downward trend inspite of heavy sale/replacement except yearly variation. Lack of any genetic progress over the year suggested that random breeding was employed without any scientific selection programme. Annual means for lambs born, lambs weaned and weight of lambs weaned per ewe present in the flock were the highest for ewe longevity 2 compared with other ewe longevity groups. Relative efficiency in terms of net income was highest for ewe longevity 5 followed by ewe longevity 4 and 6 in both flocks.

An Analysis of the Financial Performance in the types of Household financial Strategy (가계 재무전략 유형별 재무성과 분석)

  • Park Jin Yeong;Moon Sook Jae
    • Journal of Families and Better Life
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    • v.22 no.6 s.72
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    • pp.165-175
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    • 2004
  • The purpose of this study was to classify the household financial strategies and investigate major determinants of the household financial strategies and financial performance. The data of 3,994 households is from the Korean Labor and Income Panel Stud?. The major findings were as follows. (1) The classified household financial strategies types were Residual ($44.6\%$), Informal Institutional ($13.3\%$), Financial Assets ($16.7\%$), Real Estate ($13.4\%$), and Diversified Portfolio ($12.0\%$). (2) The criteria of classification of the household financial strategies were relative, not absolute. (3) The household financial strategy types changed largely during a short period(1999-2000). (4) In all households, the variables that affected changes in household financial strategies were education, occupation, number of children, residential location and home ownership. (5) Households that employed a diversified portfolio strategy had the greatest financial performance (2,316,000 won net gain). (6) In all households, the variables that had the greatest influence on financial performance were the number of children, assets and debts. 1'he financial performance was significantly different according to changes in the household financial strategy.

Three Alternative Crops to Reduce Soil Erosion for Mountain Agriculture

  • Kim, Se-Won;Seo, Young-Ho;Kim, Jong-Hwan;Kang, An-Seok;Jeong, Byeong-Chan;Jung, Yeong-Sang
    • Korean Journal of Soil Science and Fertilizer
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    • v.44 no.4
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    • pp.534-538
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    • 2011
  • One of the problems for cultivating crops in the mountainous highland is soil erosion and nutrients runoff. Alternative cropping ways were searched to reduce soil erosion and to ensure farm income in the mountainous highland agricultural region. Three edible wild plants including goatsbeard, Korean thistle, and aster, were selected to test as alternative crops to reduce soil erosion in mountain agriculture of highland area. In the first year, the soil losses from the alternative cropping were 26 to 63 percents of the soil loss from summer radish cultivated by conservation tillage with contour and plastic film mulching. The relative soil losses in the second year ranged from 2.8 to 5.5 percents in comparison with radish cultivation. Rapid surface coverage contributed to successive soil loss protection by these alternative crops. Farm net profit of these crops was greater than that of radish. Monitoring of yields of Korean thistle or aster for further experiments, however, might be necessary for economic cultivation due to yield reduction caused by consecutive production.

Economics of Supercapitalism - How Does Economic Globalization Affect Social Capital Accumulation? In the case of 65 countries. - (슈퍼자본주의의 경제학 -세계화와 사회자본-)

  • Suh, Hanseok
    • International Area Studies Review
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    • v.12 no.3
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    • pp.25-47
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    • 2008
  • This paper tries to explore the impact of economic globalization on social capital accumulation. To investigate direct effect, we build a model and derive a proposition which can explain the relative decline in social capital brought about by market expansion. Besides direct effect, we also explore channel effect through democracy, government size, education attainment, and inequality. We estimate direct and channel effect of globalization using cross section of 65 countries data time period 1980-1999 using three-stage least squares(3SLS). Results are in line with predictions and clearly support that globalization significantly and negatively affects social capital accumulation. Channel effect also shows that globalization has a negative effect through aggravating income inequality while it has a positive effect through higher education attainment, higher level of democracy and larger government spending. Such a net negative channel effect reinforces our prediction. As a robustness check we estimate other sets of data and the result strongly supports our theory.

A Review on Theories and Empirical Studies of Initial Public Offers (최초공모주의 이론과 실증연구에 관한 고찰)

  • Kim, Beom-Jin
    • Korean Business Review
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    • v.11
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    • pp.217-239
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    • 1998
  • The intial public offerings(IPO) issued by going public must be decided duly and seriously. In these sense, this paper reviewed and analysed synthetically the theories and the empirical studies on the IPO. The implications about the empirical studies on the IPO in korea stock exchanges(KSE) are as follows: First, evaluating the IPO's intrinsic value, the issued firm's characteristics(style, scale, age, reevaluation and goodwill etc.) and business environments(industry, economic states, regulations and the relation with government etc.) will be considered. Evaluating the IPO's relative value, the stock price of firms registered in KOSDAQ market will be appreciated. Second, the income smoothing of an IPO listed in KSE accrued in the first and second years. Accordingly if auditors audit the accounting reports of firms to list in KSE by going public, they should more concern to the income smoothing on the accounting reports. Third, the information accuracy of investment banks and the qualities of auditors negatively correlated with the underpricing of an IPO. It is need to promote the information accuracy of investment banks and the qualities of auditors. Regulatory organizations support to promote the information accuracy of investment banks and the qualities of auditors. Forth, the investors interested in the IPO are to recognize the follows. (1) Relations between the underpricing of an IPO and the ratio of public participation, the issue price, the offer size, the insider ownership, the net asset value per share, the price decision system of an IPO. (2) An entrepreneurs who decided to bring his firm public would like to issue the IPO when company's operating conditions are good.

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Comparison of Environment, Growth, and Management Performance of the Standard Cut Chrysanthemum 'Jinba' in Conventional and Smart Farms

  • Roh, Yong Seung;Yoo, Yong Kweon
    • Journal of People, Plants, and Environment
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    • v.23 no.6
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    • pp.655-665
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    • 2020
  • Background and objective: This study was conducted to compare the cultivation environment, growth of cut flowers, and management performance of conventional farms and smart farms growing the standard cut chrysanthemum, 'Jinba'. Methods: Conventional and smart farms were selected, and facility information, cultivation environment, cut flower growth, and management performance were investigated. Results: The conventional and smart farms were located in Muan, Jeollanam-do, and conventional farming involved cultivating with soil culture in a plastic greenhouse, while the smart farm was cultivating with hydroponics in a plastic greenhouse. The conventional farm did not have sensors for environmental measurement such as light intensity and temperature and pH and EC sensors for fertigation, and all systems, including roof window, side window, thermal screen, and shading curtain, were operated manually. On the other hand, the smart farm was equipped with sensors for measuring the environment and nutrient solution, and was automatically controlled. The day and night mean temperatures, relative humidity, and solar radiation in the facilities of the conventional and the smart farm were managed similarly. But in the floral differentiation stage, the floral differentiation was delayed, as the night temperature of conventional farm was managed as low as 17.7℃ which was lower than smart farm. Accordingly, the harvest of cut flowers by the conventional farm was delayed to 35 days later than that of the smart farm. Also, soil moisture and EC of the conventional farm were unnecessarily kept higher than those of the smart farm in the early growth stage, and then were maintained relatively low during the period after floral differentiation, when a lot of water and nutrients were required. Therefore, growth of cut flower, cut flower length, number of leaves, flower diameter, and weight were poorer in the conventional farm than in the smart farm. In terms of management performance, yield and sales price were 10% and 38% higher for the smart farm than for the conventional farm, respectively. Also, the net income was 2,298 thousand won more for the smart farm than for the conventional farm. Conclusion: It was suggested that the improved growth of cut flowers and high management performance of the smart farm were due to precise environment management for growth by the automatic control and sensor.

A study on the factors influencing the satisfaction of life of disabled children parents (장애아 부모의 삶의 만족도에 영향을 미치는 요인에 관한 연구)

  • Lee, Hyun-Suk;Ha, Kyu-Soo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.11
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    • pp.8046-8056
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    • 2015
  • The purpose of this study is the study of factors affecting the life satisfaction of disabled children parents. Survey data metropolitan area and Gyeonggi-do special schools, day shelter, Disabled Welfare, especially on the national branch in Korea Funny disabled parent meetings, through 389 branches were collected material wealth targeting parents with disabilities. Statistical analysis SPSS 19.0 program utilizes factor analysis, reliability analysis. And parents of children with disabilities and environmental factors are the demographic characteristics in order to analyze the impact on life satisfaction as a control variable, and the environmental factors as independent variables were performed hierarchical regression analysis. Results are crazy and the positive(+) influence a religious presence and the average monthly income of demographic characteristics in the satisfaction of life, environmental factors all had significant influence on life satisfaction. In other words, family support, disability, social networks, personal nature had a positive(+) influence on life satisfaction of disabled children parents, the relative influence of these factors include family support, disability, social networks, net of personality. It was in. The result is handicapped parents receive emotional support and help from family, the lower the degree of disability of the child, as participation in meetings or disability welfare various programs and handicapped parents, and the more it has a positive character increased satisfaction in life that can be interpreted.