• Title/Summary/Keyword: consumption expenditure elasticity

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A Time-Series Analysis on the Household Educational Expenditure (가계의 교육비 지출에 관한 시계열 분석)

  • 이성림
    • Journal of the Korean Home Economics Association
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    • v.40 no.7
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    • pp.101-118
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    • 2002
  • This study examined the levels and trends in the household expenditure in both public and private education. Between 1982 and 2000, the level of the total educational expenditure increased by 5% in each year on average, increased by 2.2% for public education, and by 11.4% for private education. On the public educational expenditure, the consumption expenditure elasticity was 0.2 and the price elasticity was 1.49. On the private educational expenditure, the consumption expenditure elasticity was 1.5 and became below 1 after 1998, and the price elasticity was 2.63. The results indicated that the educational expenditure was necessary rather than luxurious and there was excess demand for private education. The level of the educational expenditure would continue to increase without reforms both in the supply and demand sides.

An Analysis of the Consumption Expenditure Structure for Leisure and Recreational Service in Urban Households (도시 가계의 여가오락서비스 소비지출구조 및 영향요인분석)

  • 김영숙;심미영
    • Korean Journal of Human Ecology
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    • v.7 no.1
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    • pp.131-143
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    • 2004
  • The purpose of this study was to examine the consumption expenditure structure for leisure & recreational service in urban households. For these purpose, the data collected 175 households in Pusan metropolitan city. Statistics employed for the analys were frequencies, means, one -way ANDVA, and multiple regression analysis. The major results of this study were as follows; Average monthly expenditure for leisure, recreational service was 190,342 won. And their expenditure for leisure & recreational service share was 12.89 % of total expenditure. Those expenditure with high income elasticity were hobby & culture education, and journey. And those with low income elasticity were play & inspection, and health & sports. In leisure & recreational service expenditure, the variables which influence were job and degree of household head, and income.

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An Analysis of Clothing Consumption Expenditure Pattern in Urban Households (도시가정의 피복류 소비지출분석)

  • 김영숙
    • Journal of the Korean Home Economics Association
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    • v.27 no.4
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    • pp.21-39
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    • 1989
  • This paper is to determine the clothing and footwear of urban household consumption expenditures and an analysis of historical data from relevant literature. Particularly, time-series and cross sectional analysis techniques are adopted in analysing the patterns of clothing and footwear consumption expenditures of urban households. Finally, this paper estimates consumption expenditures in the future by comparing these revealed data with the Korea and Japan. Annual Report on the family Income and Expenditure Survey and M.R.A. in S.P.S.S. were used. The results can be summarized as follows: 1. The proportion of the clothing and footwear expenditure has decreased with the increase of income in urban household during 1976-1987. 2.1) Household consumption function by Income group, the Lower group is higher than the other group. 2) Household consumption function by Occupation of household head. Income elasticity estimation in administrative managerial workers is higher than the other group. 3) Household consumption function by Family size. Income elasticity estimation in 6 Persons is higher than the other group. But 4 Persons is higher in 1986. 4) Household consumption function by Age of household head. Income elasticity estimation in 50 Years and over is higher than the other group. 3. Comparison of characteristics of clothing and footwear consumption expenditures in Korea and Japan were M.R.A. Generally, the priority correlation order for Korea is Outwear, Sweaters and Shirt, Other clothing. For Japan, the order is Sweaters and Shirts, Underwear, Services.

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Demand Analysis of Clothing and Footwear: The Effects of Price, Total Consumption Expenditures and Economic Crisis

  • Kim, Kisung
    • Journal of the Korean Society of Clothing and Textiles
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    • v.36 no.12
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    • pp.1285-1296
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    • 2012
  • This study investigates the effects of changes in price, total consumption expenditures and economic sitations on Korean household demands for clothing and footwear using time-series data. The clothing and footwear category was reclassified as clothing, footwear and clothing services items for the demand analysis. This study utilized the Linearized Almost Ideal Demand System (LAIDS) model to analyze household demand. The results indicate that price and total consumption expenditures are significantly related to Korean household consumption expenditure allocations for clothing and footwear items. The effects of the IMF bailout crisis in 1997 and the global financial crisis in 2008 on household expenditure shares for clothing and footwear items were very weak and statistically insignificant. All the demand elasticities were estimated with respect to total consumption expenditures and prices. Clothing was expenditure elastic (greater than one) and other items were classified as inelastic. All the own price elasticities of demands were negative (other than clothing). Through the estimations of cross price elasticity the relationships between the demands for items and other item prices were evaluated (i.e., substitutes and complements).

An Analysis of housing Consumption Expenditure in Urban Salary and Wage-earners' Households -From 1982 to 1992- (도시 근로자가계의 주생활비 소비지출구조분석 -1982년부터 1992년까지-)

  • 김영숙
    • Journal of the Korean Home Economics Association
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    • v.32 no.2
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    • pp.1-16
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    • 1994
  • This paper analysis the structure of Housing Consumption Expenditure of urban salary and wage-earners' households from 1982 to 1992 by employing Time-series. Data was based on " Annual report on the Family Income and Expenditure Survey" of the National Bureau of Statistic Planning Board, Republic of Korea. Percentile marginal-propensity to consume(MPC) and income elasticity of consumption expenditure are estimated by their socio-economic and demographic variables. The results are as follows: 1. The proportion of the expenditure for furniture and utensils and house mending has increased with the increase of income in urban salary and wage-earners' households, while fuel light and water charges and rents paid has decreased. 2.1) Engel Function by income group; MPC associated with rents paid and fuel light and water charges is higher in the lower income group than in the rest. The income elasticity estimates in rents paid and fuel light and water charges is less than 1 in all group while larger than 1 in furniture and utensils and house mending. 2) Engel Function by occupation of household head; The highest MPC in rents paid is associated with the sales profession. The income elasticity of fuel light and water charge is found be inelastic. The groups other than the sales group show irregular MPC. 3) Engel Function by family size; MPC in house mending and fuel light and water charge is increased while is decreased in rents paid in accordance with family size. The income elasticity of rents paid and fuel light and water charge is less than 1 in all groups while that of house mending and furniture and utensils is larger than 1. 4) Engel Function by age of housegold head; MPC in rents paid is decreased according to the age of housefold head. The income elasticity of rents paid and fuel light and water charge is less than 1 in all group while it is larger than 1.

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An Analysis of the Household Consumption Expenditure Structure by the Korean Economic-Development Plan Years (한국경제개발 계획년도별 가계소비지출 구조분석)

  • 박선미;김영숙
    • Journal of Families and Better Life
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    • v.10 no.2
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    • pp.1-18
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    • 1992
  • The purpose of this study is to consider the socio-economic development and policy in each five-year economic development plan influences of urban households and to seek a plan of household stability and reasonable consumption expenditure on the aspect of Family economics. Data is based on the "Annual Report on the Family Income and Expenditure survey" of the National Bureau of Statistic Economic Planning Board, Republic of Korea and analyzed as follows: First, in analysis to the structure of consumption expenditure, the averaged percentage of each item to total consumption expenditure is estimated by each Economics Development Plan year. Second, in order to analyze the relative importance value of household consumption expenditure, priority correlation order is derived from comparison of characteristics of household consumption expenditures by multiple regression analysis. Third the patterns of consumption expenditure of salary and wage earner's households in all cities are estimated by the household consumption function, marginal propensity to consume, and income elasticity, according to socio-economic variable, and demographic variable. In the recent Korean economy, income level of household is increased and consumption expenditure level is largely increased because of the execution of economic development plan. But the improvement of income derives the increasment of the consumption needs and over-consumption trend is spread due to the import liberization. And above all, the reasonable household management and economic life are needed.

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An Analysis of Discretionary Consumption Expenditure (선택성 소비지출의 변동을 통한 소비"패턴"고찰)

  • 강이주
    • Journal of the Korean Home Economics Association
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    • v.26 no.4
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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.

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An analysis of the changing trends of kyongjobi expenditure pattern and the related factors of kyongjobi expenditure of urban household (도시가계의 경조비 지출 변화추이와 관련 요인 분석)

  • 박명숙
    • Journal of the Korean Home Economics Association
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    • v.36 no.7
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    • pp.13-24
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    • 1998
  • An analysis of the changing trends of kyongjobi expenditure pattern from 1982 to 1996 and the related factors of kyongjobi expenditure of urban household in 1996 has been performed. Major findings were as follow: An average monthly expenditure was 20,036 won during the period, and the increased rate of monthly expenditure was 5.6 times in the past 15 years which was the twice as much as of the total consumption. The ratio of the total kyongjobi consumption was increased about 2 times during the period, and it was 2.96% in 1996. During the period, an average marginal consumption propensity was 0.0379, and it was dramatically increased from '93 to '94. Average income elasticity was 1.743 during the period and found out that it was luxury goods. The result of Anova and Tobit analysis showed that the level of consumption, number of earners, age and education had positive effect on kyongjobi. And in Seoul area, house owner, male(head of the household), and professionals spent more on kyongjobi than other. The present problems of custom, spending of kyongjobi, were discussed and the change of the custom was urged.

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Setting Poverty Line of Food Away from Home by Comparing of Consumption Pattern among different Social Classes -With a focus on the 1993 Urban Wage Earner's Family- (계층별 수비패턴 분석을 통한 외식비의 빈곤선 설정 -1993년 도시근로자 가계를 중심으로-)

  • 류정순
    • Journal of Families and Better Life
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    • v.14 no.2
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    • pp.277-288
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    • 1996
  • Food away from home consumption pattern difference among 20 different social strata has been observed in order to make judgement how much food away from home expenditure should be included in the 2 tiered poverty line. It was found that it was reasonable to include food away from home expenditure in the minimum living cost. And as social class rose expenditure amount and percentage of consumption compared to total food expenditure increased and income elasticity and margial propensity decreased. Percentage of consumption compared to total expenditure increased up to middle class however from 14/20 and up strata decreased as social strata rose. For 4 members city wage earner family suggested monthly poverty line is 16, 977 and suggested monthly relative poverty line is 60, 651.

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A System-wide analysis of Korean urban households' alcoholic demand (도시가계의 주류 소비지출 분석)

  • 김원년
    • Korea journal of population studies
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    • v.25 no.2
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    • pp.271-291
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    • 2002
  • According to a system-wide analysis utilizing the raw data of Korean urban households survey, the expenditure elasticity estimate of alcoholic demand is around 0.71, which implies the demand for alcoholic consumption is relatively necessary The own price elasticity estimates are pretty elastic between -1.79 and 2.10. The trend of price elasticity estimates shows to be more elastic recently from the past.