• Journal of Families and Better Life
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• v.27 no.3
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• pp.129-143
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• 2009

The purpose of this study was to investigate influences on wives' financial management behavior economic instability and coping behavior of urban household. Economic instability was constructed with an objective economic status and perceived economic instability. And, Financial management behaviors were constructed with four dimensions : investment, income/expenditure, risk, and debt management behavior. The subjects of this study were 225 housewives. Factor analysis, Cronbach ${\alpha}$, and multiple regression were performed for data analysis. The results show that, coping behaviors of searching and using information and perceived economic hardship related to debt influenced housewives' investment management behaviors. The coping behaviors of searching and using information, expending in the range of planned budget, using debt, perceived economic hardship related to debt, income insufficiency, and selective expenditure influenced the consumption-expenditure management behaviors. Perceived economic hardship related to essential expenditures and coping behaviors of searching and using information influenced the risk management behaviors. Coping behaviors of searching and using information, using debts and purchasing and using economically, and perceived economic hardship related to essentials influenced debt management behaviors.

• Korean Journal of Social Welfare Studies
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• v.42 no.1
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• pp.5-30
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• 2011

This study examined the interactive effects between social service use and economic hardship on the family conflicts among low-income families. We analyzed data from about 2,000 low-income families who participated in both the first and the second waves of the Korean Welfare Panel Study using a hierarchical logistic regression model. The main results are as follows. First, take-up rates of social services among low-income families were very low. Second, among the low-income families who did not use any social service, families who experienced more economic hardship were more likely to experience family conflicts. Third, the higher levels of economic hardship increased the positive effects of social service of reducing family conflicts. These findings suggest that the resource for the social services be concentrated on the low-income families who tend to experience more economic hardship and thereby family conflicts and that comprehensive social services be provided in the programs which aim to promote family relationships.

• Journal of Korea Port Economic Association
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• v.21 no.3
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• pp.219-238
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• 2005

The purpose of this study is to analyze the concept, requirement and the effect of Force majeure and Hardship under the UNIDROIT Principles of International Commercial Contract. Under the UNIDROIT Principles Non-performance by a party is excused if that party proves that the non-performance was due to an impediment beyond its control and that it could not reasonably be expected to have taken the impediment into account at the time of the conclusion of the contract or to have avoided or overcome it or its consequence. There is hardship where the occurrence of events fundamentally alters the equilibrium of the contracts and the events occur or become known to the disadvantaged party after the conclusion of the contract; the events could not reasonably have been taken ito account by the disadvantaged party at the time of the conclusion of the contract; the events are beyond the control of the disadvantaged party; and the risk of the events was not assumed by the disadvantaged party.

• Journal of Preventive Medicine and Public Health
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• v.57 no.1
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• pp.18-27
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• 2024

Objectives: This study investigated the association between exacerbated economic hardship during the coronavirus disease 2019 (COVID-19) pandemic and changes in the health behaviors of Korean adolescents. Methods: We analyzed data from the 2021 Korea Youth Risk Behavior Survey and included 44 908 students (22 823 boys and 22 085 girls) as study subjects. The dependent variables included changes in health behaviors (breakfast habits, physical activity, and alcohol use) that occurred during the COVID-19 pandemic. The aggravation of economic hardship by COVID-19 and the subjective economic status of the family were used as exposure variables. Multiple logistic regression analysis was utilized to calculate the prevalence odds ratios (PORs). Results: Severe exacerbation of a family's economic hardship due to COVID-19 was negatively associated with the health behaviors of adolescents, including increased breakfast skipping (POR, 1.85; 95% confidence interval [CI], 1.55 to 2.21 for boys and POR, 1.56; 95% CI, 1.27 to 1.92 for girls) and decreased physical activity (POR, 1.37; 95% CI, 1.19 to 1.57 for boys and POR, 1.38; 95% CI, 1.19 to 1.60 for girls). These negative changes in health behaviors were further amplified when combined with a low subjective family economic status. Conclusions: The experience of worsening household hardship can lead to negative changes in health behavior among adolescents. It is crucial to implement measures that address the economic challenges that arise from stressful events such as COVID-19 and to strive to improve the lifestyles of adolescents under such circumstances.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.57
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• pp.3-34
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• 2013

In the international sales contract, long-term contracts often face hardship in fulfilling the original contract terms by relevant parties due to rapid change and uncertainty of political and economic circumstance. In this case, party who faces hardship of fulfillment terminates contract or demands adaptation to contract condition but if opponent doesn't accept this, it proceeds to commercial dispute needing legal interpretation. Generally it is wise to set forth governing law in contract between parties in the case of international contract, for legal stability. One of universal governing law which relevant parties select by agreement to solve economical hardship of fulfillment is PICC. PICC defines the hardship in detail for renegotiation on following hardship of fulfillment unexpected. In the case of failing renegotiation, Court(arbitral tribunal) conducts termination to contract or adaptation to contract condition through arbitration or mediation. In conclusion, when signing international long-term contract, it is desirous to handle dispute effectively by inserting provisions which can deal with economical hardship in contract or defining PICC as governing law in the case of hardship incurred. It is because it is realistic to handle dispute smoothly to the extent that both parties can be satisfied in the case of hardship incurred, though international contract should be fulfilled.

• Korean Journal of Child Studies
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• v.20 no.2
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• pp.57-74
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• 1999

The present investigation of the relations among economic hardship, parental child-rearing attitudes and adjustment in adolescence was carried out with 528 middle school children and their mothers in Kyung-gi province. Questionnaires for mothers were on economic stress, and children's questionnaires were on perceived parental attitudes as well as their own adjustment behaviors, such as aggression, depression, and negative self-concept. Adolescent boys perceived paternal child-rearing attitudes more rejecting and inconsistent when the family experienced income loss. Paternal nurturing behaviors perceived by children were also reduced under poor paternal working conditions. Change in family life style due to economic hardship resulted in higher adolescent depression.

• Korean Journal of Social Welfare
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• v.67 no.2
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• pp.203-236
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• 2015

Given the interdependence of a marital couple, this study examined the effects of both cultural challenge and economic hardship on intention to divorce among the multicultural couple using the actor-partner interdependence model(APIM), and explored dyadic patterns of actor and partner effects. 415 couples(n=830) participated in this self-administered questionnaire study. Results of path analyses based on APIMs revealed that for Korean husbands perceived cultural challenge contributed positively to divorce intention of the couple showing both actor and partner effects, whereas for immigrant wives such perception showed only an actor effect. In contrast, perceived economic hardship among the husbands had little effect on divorce intention of both husbands and wives, whereas such perception by wives had both actor and partner effects on divorce intention. Results of dyadic pattern analyses performed by Bootstrap indicated the actor-only pattern and the couple pattern of perceived cultural challenge on divorce intention of husbands and wives respectively. In case of perceived economic hardship comparison of the effect size suggested the partner-only pattern and the actor-only pattern for divorce intention of husbands and wives respectively. These findings implied that in order to promote conjugal harmony and to prevent the multicultural family from being dissolved, Korean husbands need to develop greater cultural competence so as to tolerate cultural differences between the couple, whereas immigrant wives and their families need to develop greater economic competence so as to foster a hope for economic reliance.

• Korean Journal of Child Studies
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• v.20 no.2
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• pp.21-40
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• 1999

Path analysis was used to determine variables influencing the self-esteem of 222 4th, 5th, and 6th grade children in law-income families. The children and their mothers responded to questionnaires on self-esteem, child psychological traits, mother psychological characteristics, economic hardship, and child rearing practices. Mothers' warmth-acceptance child rearing behavior was facilitating of children's self-esteem. However, mothers' economic stress had an indirect impact via their depression on decrease in the warmth-acceptance variable. Permissive-nonintervention child rearing behavior decreased the level of children's self-esteem. However, mothers' depression and marital confilct(??) deriving from economic stress increased both rejection-restriction and permissive-nonintervention styles of child rearing. Mothers who experienced much stress due to economic hardship influnced(??) children's perception of their family's poverty and thereby lowered their children's self-esteem.

• Korean Journal of Social Welfare Studies
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• v.42 no.3
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• pp.233-265
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• 2011

Material hardship measures have been used to supplement the traditional income-based poverty measures. Recently poverty researchers have increasingly used measure of material hardship to examine the well-being of low income families. Measuring the material hardship might be useful to a better understanding of the multi-dimensions of the poverty in Korea. Using the data of the Korea Welfare Panel Study(the fourth wave), I examine incidences of material hardship across quintiles of the income distributions and the factors that might affect the experience of material hardship among the poor families. Major findings are as follows. Descriptive results show that nearly one-fifth of all families had experienced at least one of the five material hardships in the year. Those in the bottom quintiles and the poor families are more likely to experience material hardship than the other quintiles and non-poor families. But, incidences of the material hardship in the middle income quintiles and low income families are not a few(18 percent and 37 percent). Logistic regression results show that family-consumption related variables, income other economic resources(asset and public assistance), and household's employment status affect the experience of material hardship among the poor families. But, material hardship among the poor families is not significantly related with family income. These results indicate that material hardship measures are the useful indicators to understanding the multi-dimensions of the poverty in Korea. And they suggest that an extensive reform of the public assistance policy is necessary to relieve the material hardships of the poor in Korea.

• Journal of Families and Better Life
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• v.4 no.2
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• pp.67-88
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• 1986

This study attempts to explain the income and consumption problems of urban low-income consumers and to explore factors of their poverty. For the purpose of this study, interviews were conducted with 124 low-income home managers. All the subjects live in Seoul and Inchon. The major findings are: First, low-income families seriously suffer from low income and small property. And the degree of economic hardship is the most serious with wife-working families whose husbands have no job or are dead. Second, low-income consumers have low budgeting and purchasing skill. Third, low-income consumers have 'doing' orientation but have fatalistic value orientation. This study suggests that it is necessary to develop an integrative measurement of economic hardship. It also suggests that low level of low-income consumer's skill can be well explained in terms of man-nature value orientation.