• Title/Summary/Keyword: consumption inequality

Search Result 52, Processing Time 0.02 seconds

Exploration into the Determinants of Household Consumption: Liquidity Constraint and Family Characteristics (횡단면 자료를 이용한 가구소비 결정요인에 관한 연구 - 유동성 제약과 가구별 특성을 중심으로 -)

  • Hur, Seok-Kyun
    • KDI Journal of Economic Policy
    • /
    • v.27 no.1
    • /
    • pp.1-38
    • /
    • 2005
  • Our paper aims to estimate a household consumption function in the presence of liquidity constraints as well as household characteristics. Empirical findings from a Korean cross-sectional data (National Survey of Household Income and Expenditure) reveal that several family characteristics, such as household size, number of working members, children in school, and educational level and age of the household head, turn out to be critical determinants of household consumption. Especially, the influence of household size on consumption decision is shown to be highly significant, not only indirectly through its impact on household income, but also directly by affecting the household's preference for consumption itself. While, the other family characteristics primarily influences household income. Our paper distinguishes itself from existing literature in that it greatly improves the explanatory power of the estimated household consumption function by measuring the degree of the liquidity constraint rather than simply identifying its presence. Based on the assumption that the present value of human capital is a function of household characteristics, the degree of the liquidity constraint is represented by the underestimated portion of the human capital. Such a method of implementing the liquidity constraint is useful in treating various types of assets according to their liquidity. Finally, our estimated household consumption function is applied to decompose cross-sectional variances of consumption inequality. The analysis confirms that the overall alleviation in liquidity constraints in Korea after the 1997 currency crisis reduced consumption inequality despite the worsening of income inequality and changes in the demographic composition of family characteristics during the same period.

  • PDF

Household Formation and Income Inequality (가구구성과 소득 불평등)

  • Kim, Dae Il;Lee, Simon Sokbae;Whang, Yoon-Jae
    • Journal of Labour Economics
    • /
    • v.37 no.3
    • /
    • pp.1-44
    • /
    • 2014
  • This paper investigates the effect of household formation on the mapping from wage inequality to income inequality, which usually is smaller than the former. Added workers, income pooling among household members, and shared consumption are the factors that make income distribution less inequal than wage distribution, and the effect of income pooling appears to be the greatest. This suggests than the increase in nuclear families and the resulting increase of old families have a potential effect of worsening income inequality at the absence of sufficient private income transfers among the two households. A simple counter-factual estimate indicates that income pooling among the children's and parents' households can efficiently and sizeably reduce income inequality.

  • PDF

Socioeconomic Inequality in the Prevalence of Smoking and Smokeless Tobacco use in India

  • Thakur, Jarnail Singh;Prinja, Shankar;Bhatnagar, Nidhi;Rana, Saroj;Sinha, Dhirendra Narain;Singh, Poonam Khetarpal
    • Asian Pacific Journal of Cancer Prevention
    • /
    • v.14 no.11
    • /
    • pp.6965-6969
    • /
    • 2013
  • Background: Tobacco consumption has been identified as the single biggest cause of inequality in morbidity and mortality. Understanding pattern of socioeconomic equalities in tobacco consumption in India will help in designing targeted public health control measures. Materials and Methods: Nationally representative data from the India Global Adult Tobacco Survey (GATS) conducted in 2009-2010 was analyzed. The survey provided information on 69,030 respondents aged 15 years and above. Data were analyzed according to regions for estimating prevalence of current tobacco consumption (both smoking and smokeless) across wealth quintiles. Multiple logistic regression analysis predicted the impact of socioeconomic determinants on both forms of current tobacco consumption adjusting for other socio-demographic variables. Results: Trends of smoking and smokeless tobacco consumption across wealth quintiles were significant in different regions of India. Higher prevalence of smoking and smokeless tobacco consumption was observed in the medium wealth quintiles. Risk of tobacco consumption among the poorest compared to the richest quintile was 1.6 times higher for smoking and 3.1 times higher for smokeless forms. Declining odds ratios of both forms of tobacco consumption with rising education were visible across regions. Poverty was a strong predictor in north and south Indian region for smoking and in all regions for smokeless tobacco use. Conclusions: Poverty and poor education are strong risk factors for both forms of tobacco consumption in India. Public health policies, therefore, need to be targeted towards the poor and uneducated.

Relative Deprivation in Consumption of Urban Poor Households in Korea (도시빈곤가계의 상대적 박탈 -소비를 중심으로-)

  • 윤정혜
    • Journal of the Korean Home Economics Association
    • /
    • v.32 no.3
    • /
    • pp.27-44
    • /
    • 1994
  • Despite the rapid economic growth since the 1960s the economic inequality has been exacerbated in Korea. This study analyzed the variables influencing the level of objective deprivation. For empirical analysis this study used the data on 602 households in the city of Inchon collected by the researcher through interviews. The major method used in this study was the four stepwise multiple regression. The findings were as follows : the residential class was the most critical variable in determining the level of deprivation. For the entire sample assets had stronger effect on the deprivation than nonasset income but two variables had different effects depending on residential class. For the poor residential class two variables had the effect These results imply that the household consumption in Korea shows remarkable difference according to residential class and that the inequality of wealth compared to that of nonasset income had much more serious effects.

  • PDF

An Algorithm for Robust Noninteracting Control of Ship Propulsion System

  • Kim, Young-Bok
    • Journal of Mechanical Science and Technology
    • /
    • v.14 no.4
    • /
    • pp.393-400
    • /
    • 2000
  • In this paper, a new algorithm for noninteracting control system design is proposed and applied to ship propulsion system control. For example, if a ship diesel engine is operated by consolidated control with controllable pitch propeller (CPP), the minimum fuel consumption is achieved satisfying the demanded ship speed. For this, it is necessary that the ship is operated on the ideal operating line which satisfies the minimum fuel consumption, and the both pitch angle of CPP and throttle valve angle are controlled simultaneously. In this context of view, this paper gives a controller design method for a ship propulsion system with CPP based on noninteracting control theory. Where, linear matrix inequality (LMI) approach is introduced for the control system design to satisfy the given $H_{\infty}$, constraint in the presence of physical parameter perturbation and disturbance input. To the end, the validity and applicability of this approach are illustrated by the simulation in the all operating ranges.

  • PDF

A Study on Inequality of Health and Medical Service for the Households with the Disabled (장애인 가구의 보건의료비 불평등 실태에 관한 연구)

  • Yeum, D.M.
    • Journal of rehabilitation welfare engineering & assistive technology
    • /
    • v.8 no.4
    • /
    • pp.239-244
    • /
    • 2014
  • This research was carried out for the purpose of providing basic data to establish a policy for improving health and medical service inequality in the disabled's households, by analyzing it according to composed groups through the application of data about the panel survey of the employment for the disabled, from 2010 to 2012. The results of analysis showed that as for Gini's coefficient, disabled women, the disabled without participation in economic activities, the disabled in their 40s, physically handicapped people and severely disabled people had more and more inequality in expenditure of health care expenses, and inequality in North Gyeongsang Province continued to be on the rise. As for the entropy coefficient, disabled women, the disabled without participation in economic activities, the mentally disabled and severely disabled people had more and more inequality in consumption of health care, and the inequality got severe in Ulsan and North Gyeongsang Province. And as for the decomposition of factors by composed group, inequality in health care expenses were higher inside a group than between groups. Based on these results, research limitations and implications were suggested.

  • PDF

A Power Allocation Algorithm Based on Variational Inequality Problem for Cognitive Radio Networks

  • Zhou, Ming-Yue;Zhao, Xiao-Hui
    • Journal of Information Processing Systems
    • /
    • v.13 no.2
    • /
    • pp.417-427
    • /
    • 2017
  • Power allocation is an important factor for cognitive radio networks to achieve higher communication capacity and faster equilibrium. This paper considers power allocation problem to each cognitive user to maximize capacity of the cognitive systems subject to the constraints on the total power of each cognitive user and the interference levels of the primary user. Since this power control problem can be formulated as a mixed-integer nonlinear programming (NP) equivalent to variational inequality (VI) problem in convex polyhedron which can be transformed into complementary problem (CP), we utilize modified projection method to solve this CP problem instead of finding NP solution and give a power control allocation algorithm with a subcarrier allocation scheme. Simulation results show that the proposed algorithm performs well and effectively reduces the system power consumption with almost maximum capacity while achieve Nash equilibrium.

The Effect of Assortative Mating on Household Income, Consumption, and Asset in Korea (동질혼이 가구의 소득, 소비, 자산에 미치는 영향: 부부의 성취적 특성 및 부모의 귀속적 특성을 중심으로)

  • Seok, Jae Eun;Noh, Hye-Jin
    • Korean Journal of Social Welfare Studies
    • /
    • v.44 no.2
    • /
    • pp.437-463
    • /
    • 2013
  • As polarization and class reproduction between generations are considered to be serious problems in Korean society, increasing number of assortative mating, which means marrying between homogeneous family background, income class, and educational background, is on the spotlight socially. Some worry that the increase of assortative mating can reinforce closure of social mobility so it deepens inequality and limits class mobility between generations. This research analyzes the effects of accomplishment characteristics of husbands and wives and ascriptive characteristics of parents which consist the concept of assortative mating, on income, consumption, and assets those represent economic status of a family. The purpose of this research is to suggest empirical understanding on the role of assortative mating that affect on inequality within generations and income mobility between generations in Korean society. In the result of multiple regression analysis on the effect of assortative mating on income, consumption, and assets, high educational background was the factor that increase income and consumption level as accomplishment characteristics of assortative mating. As ascriptive characteristics of assortative mating, educational homogeneous of fathers was the factor that increased asset level. While accomplishment characteristics affect income and consumption, ascriptive characteristics of homogeneous had significant effect on assets. Thus, it was found that transfer between generations had effects around asset rather than income. In particular, ascriptive characteristics in young husbands and wives aged 20s or 30s had significant effect only on the assets.

A Study on the Culture of Modern Mass Consumption in View of Human Decent Life (인간생활의 관점에서 본 현대 대중 소비문화)

  • Park, Soon-Hee
    • Journal of Family Resource Management and Policy Review
    • /
    • v.12 no.3
    • /
    • pp.45-58
    • /
    • 2008
  • The purpose of this study is to determine how the culture of modern mass consumption is understood in determining a decent lifestyle. This study examined a variety of literature on this problem. The important results are as follows. The culture of consumption has evolved through the increase of productivity in modern industry. People's desires have instigated a developing consumption culture: the concepts of advertising, fashion, over-consumption, and conspicuous consumption. The dissemination of this new consumption culture in an information-rich society, facilitated by the popularization of the Internet, has started to influence every nook and comer of our lives. This change of lifestyle has resulted not only in positive effects, but also in negative ones, such as distortion of information, and inequality. Thus the culture of modern mass consumption has created a new concept of class order and has reinforced the unbalance between opinion-leaders and opinion-followers. It has also increased the ratio of needs to wants. Consumption makes escape and sensual pleasure possible. The conclusion of this study is that the culture of modern mass consumption has not upheld its original purpose, that is, the qualitative enrichment of life through consumption. It has only caused the disintegration of individuality.

  • PDF

A Study on Inequality Rate of Lubrication for Motor-driven Cylinder Lubricator by the Electronically Controlled Quill System Equipped with an Accumulating Distributor in a Large Two-stroke Diesel Engine (대형 2행정 디젤기관용 축압분배기 부착 전자제어식 퀼 시스템 모터구동 실린더 주유기의 주유 불균일률에 관한 연구)

  • Bae, Myung-Whan;Jung, Hwa;Bae, Chang-Hwan
    • Transactions of the Korean Society of Automotive Engineers
    • /
    • v.20 no.3
    • /
    • pp.26-36
    • /
    • 2012
  • Minimizing the cylinder wear and the consumption rate of cylinder oil in a large two-stroke diesel engine is of great economic importance. A motor-driven cylinder lubricator for Sulzer RT-flex large two-stroke diesel engines developed by authors is in need of mounting a quill system to lubricate cylinder parts for a smooth operation. In order to apply the common-rail lubricating system to the developed cylinder lubricator as the second research stage, the mechanical quill system with a progressively quantitative distributor (M.D.S.) is improved in the electronically controlled quill system with an accumulating distributor (E.D.S.). In this study, the effects of lubricator motor speed, plunger stroke and cylinder back pressure on oil feed rate and inequality rate are experimentally investigated by applying E.D.S. to the developed cylinder lubricator. It is found that the oil feed rate of E.D.S. is higher than that of M.D.S. because of the increase of delivery speed and volume by changing the role of accumulator in the same experimental condition. It can be also shown that, in E.D.S., the inequality rate is decreased a little or hardly unchanged as the cylinder back pressure and plunger stroke is elevated, while the inequality rate increased in M.D.S.. The inequality rates of E.D.S. and M.D.S. are lowered as the lubricator motor speed is increased.