• Journal of the Korean Home Economics Association
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• v.42 no.9
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• pp.37-51
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• 2004

The purpose of this study was to examine the effects of household characteristics on savings account, savings insurance, and private financial clubs. Data for this study were collected from the 2001 Household Income and Expenditure Survey consisting of a sample of 1,801 salary and wage earners' households. Tobit analysis was peformed to investigate savings accounts, savings insurance and private financial clubs. The results showed that 76% of households held savings accounts, 77% savings insurance, and 12% non-institutional assets in private financial clubs. Sender, age, education, job, spouse employment, family type, location, home ownership, number of children, and family income were significant determinants of investment in savings accounts, savings insurance, and private financial clubs. Family income was the most powerful variable.

• 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.

• Journal of the Korean Home Economics Association
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• v.34 no.2
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• pp.245-259
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• 1996

The purpose of this paper is to analyze the relative importance of consciousness towards savings / consumption and motivation to save in explaining the proportion of savings in household. For these purpose, a survey was conducted using questionnaires on 453 households. The results showed that (1) family income had not significant effect on the proportion of savings in household, (2) the proportion of family savings was high in the group of families who showed positive consciousness towards savings, (3) motivation to save was associated with the proportion of savings in terms of significant relationship.

• Journal of the Korean Home Economics Association
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• v.34 no.2
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• pp.201-215
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• 1996

The purpose of the study was to examine the effects of household characteristics to family savings. Family savings were defined in four ways such as monthly savings, average propensity to save, financial assets, and net financial assets. The household characteristics dealt with were family income, household size, number of earners, age, occupation, education, housing tenure, and urbanization. The data used in the study was Survey of Family Finance 1990. The main statistical method was multiple regression. Family income was found to the most important variable to determine four family saving variables holding other characteristics constant. Also, household size had significant negative effects on family savings. Two-earner households were found to have higher average propensity to save and less financial assets compared to single-earner households. Fro monthly savings and average propensity to save, the households with forties andfifties household head tended to be less than others, while financial assets tended to increase with the age of household head. Compared to salary earner households, blue-colored households had significantly lower average propensity to save, and the households with professionals had significantly higher financial assets. The college-graduated households tended to have less monthly savings than the elementary-graduated households. Also, the housing renters were found to have more monthly savings and higher average propensity to save, compared to the housing owners.

• 한국신재생에너지학회:학술대회논문집
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• 2005.06a
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• pp.600-603
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• 2005

U.S. National Research Council proposed benefits framework for energy R&D project as economic benefits, environmental benefits, security benefits and knowledge benefits. Following this framework, U.S. National Renewable Energy Laboratory evaluated the projected benefits of Federal Energy Efficiency and Renewable Energy Programs in the indicators of energy-expenditure savings, energy system cost savings, $CO_2$ emissions reductions. oil savings, natural gas saving and avoided additions to central conventional power. As this result, geothermal energy have predominant position in the energy-expenditure savings, natural gas saving and avoided addi t ions to central conventional power to FY2050. The projected benefits, in monetary value, of the whole supply-potential of geothermal energy in Korea were evaluated as 480.2 billion Won, 43.1 billion Won and 135.8 billion Won for the private energy-cost savings, social environmental-cost savings, and import energy-cost saving, respectively.

• Journal of Distribution Science
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• v.13 no.11
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• pp.69-77
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• 2015

Purpose - Economic status at an early stage of life after one's retirement is often determined by the long-term sacrifice of one's earlier consumption tendencies. In general, the first and foremost way to secure income after retirement is through annuity savings. People sign up for personal annuity savings in order to guarantee a stable economic life upon retirement, and such actions may be heavily influenced by self-efficacy. Confidence in current economic activity is a source of rational decision-making. Inability to achieve self-control can lead to reckless spending and the eventual hindering of proper investment for the future. This paper examines how self-efficacy and self-control affect the intention and action of enrolling in an annuity savings plan in relation to one's level of financial literacy. Research design, data, and methodology - To analyze the proposed model, this study investigates financial consumers over the age of 20. The data were collected from 511 respondents and analyzed with SPSS 21.0 and AMOS 21.0. First, for the one-dimensional test and to measure the convergent validity of each structure, we use the scale purification process. The results of the test and the confirmatory factor analysis ensure the focus of the validity of the single dimension for each structure. In addition, the validity of the measurement was guaranteed from the results of correlation analysis. Results - First, self-efficacy and self-control have positive effects on the purchasing intention of the personal annuity savings plan. Second, purchasing intention positively affects purchasing behavior. Lastly, self-control has a positive effect on purchasing intention among the low financial literacy group, whereas self-efficacy does not have this effect in the high financial literacy one. Conclusions - The time of product benefit is different with age. The younger group would be granted the savings after several decades once they enroll, whereas the older group would wait for a relatively shorter period of time. Therefore, further research should be conducted in order to verify such a difference. However, this study has value through its confirmation that the roles of self-efficacy and self-control play a part in leading to the enrollment in annuity savings plans and by verifying different effects based on levels of financial literacy. Such results suggest a number of implications in a real life setting. First, banks need to put greater emphasis on the stability of annuity savings in general. Second, customers with relatively low levels of financial literacy are able to control their finances through annuity savings, but find self-efficacy difficult due to a lack of financial understanding. Therefore, such customers should be approached from an invest-effectiveness comparison method. Third, customers with high financial literacy tend to put more value in rational economic decision-making and behavior than in self-efficacy. Therefore, such customers should be approached by promoting the reliability of annuity savings and the excellence of the specific bank's annuity savings plan in comparison to those of other financial institutions.

• Journal of the Korea Convergence Society
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• v.10 no.6
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• pp.203-218
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• 2019

Using the sample of 104 mutual savings banks inspected by the Financial Supervisory Service (FSS) on June 2011, this study examines if mutual savings banks manage BIS capital adequacy ratio using allowance for bad debts through comparison of BIS capital adequacy ratio before and after the 2011 when mutual savings banks experienced a large-scale restructuring by financial supervisory authorities. We find that mutual savings banks mainly use the allowance for bad debts to manage BIS capital adequacy ratio. It also shows that mutual savings banks with a business suspension order by FSS manage BIS capital adequacy ratio more than the others. Lastly, we find that Non Big4 auditors as well as Big 4 auditors don't effectively audit the use of the allowance for bad debts for mutual savings banks to manage their BIS capital adequacy ratio.

• Journal of Families and Better Life
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• v.4 no.2
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• pp.119-136
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• 1986

To survey the intensities of housewives perception on savings-goods and to suggest them some guiding direction for reasonable saving behavior, a total of 392 questionaires was distributed to housewives in Seoul. The data were analyzed in terms of frequency, percentage, x2-test, F-test and Pearson's Correlation. The Results were as follows; 1) Housewives awareness degree on savings-goods scored total average marks of 37/100 which was in the relatively low level. 2) Housewives interest degree on saving-goods scored total average marks of 70/100 which was in the fairly high level. 3) The correlation between awareness and interest degree on savings-goods was very highly significant. 4) The major information source of savings-goods was from pamphlet, TV, radio and newspaper, namely, public information. 5) Housewives perception of public information on savings-goods was very weak.

• Journal of Family Resource Management and Policy Review
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• v.4 no.1
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• pp.15-28
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• 2000

The purpose of this study was to examine the knowledge about savings of customers who utilize Investment Trust Company and to analyze the factors affecting it. The data for the analysis were collected by structured questionnaires and consisted of 191 customers who utilize Investment Trust Company. Descriptive. Descriptive Statistics including percentage, frequency, means, and standard derivation, t-test, one-way ANOVA with Scheffe test, multiple regression analysis were used to analyze the data. The following is a summary of major findings. 1) The customers knowledge about savings showed generally low-level. Especially the knowledge about tax and regulation of savings were the areas shown the lowest level. 2) The age, marital status, education and occupation of customers and total period of utilizing company were the factors affecting the knowledge of customers in the one-way ANOVA analysis. 3) The result of regression analysis indicated that age of customers and total periods of utilizing company were the significant predictors of customers’knowledge. These two variables explained 25.77% of variance of customers’knowledge about savings.

• Journal of the Korean Institute of Landscape Architecture
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• v.26 no.3
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• pp.104-117
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• 1998

Rising concern about climate change has evoked interest in the potential for urban vegetation to help reduce the level of atmospheric CO\sub 2\, a major heat-trapping gas. This study quantified the functio of home energy savings and carbon emission reduction by shading, evapotranspiration and windspeed reduction of urban vegetatioin in Chuncheon. Tree and shrub cover averaged approximately 13% in residential land. The effects of shading, evapotranspiration and windspeed reduction annually saved heating energy by 2.2% and cooling energy by 8.8%. The heating and cooling energy savings reduced carbon emissions by 3.0% annually. These avoided emissions equaled the amount of carbon emitted annually from fossil fuel consumption by a population of about 1,230. Carbon emission reduction per residential building was 55kg for detached buildings and 872 kg for multifamily buildings. Urban vegetation annually decreased heating and cooling energy cost by ￦1.1 billions, which were equivalent to annual savings of ￦10,000 savings and carbon emission reduction due to tree plantings in the wrong locations, while windspeed reduction had a great effect. Plantings fo large trees close to the west and east wall of buildings, full tree plantings on the north, and avoidance of shade-tree plantings or selection of solar-friendlytrees on the south were recommended to improve the function of building energy savings and carbon emission reduction by urban vegetation.