• Journal of Families and Better Life
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• v.20 no.2
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• pp.113-122
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• 2002

This study compared the financial status between the employed-elderly households and the unemployed-elderly households, focused on income adequacy, expenditure adequacy and net wealth adequacy. Using data from 1997 KHPS, the lower financial status of the unemployed elderly households were found. Nine measures of financial status were used : income, per capita income, income-to-needs ratio, expenditure, per capita expenditure, expenditure-to-needs ratio, net wealth, net wealth-to-income ratio and net wealth- to-expenditure ratio. The results of this study showed that unemployed elderly households had 68%~77% of income adequacy and 72%~83% of expenditure adequacy for employed elderly households. Holding for gender, age, education, earners in the household, living area and home ownership constant, although the gap was getting smaller, significant differences between the unemployed-elderly households and the employed-elderly households were persisted. The result of this study indicated that the unemployed-elderly households and the employed-elderly households can not be regarded ac homogeneous group when public policies are developed.

• Journal of the Korean Home Economics Association
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• v.36 no.7
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• pp.57-67
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• 1998

This study was to compare the financial status between elderly households - retired vs employed. The sample obtained from 1994 KHPS, and consisted of 628 Korean aged households who are currently married. Statistics employed to analyze the data are mean, frequency, percentile, t-test, and relative-ratio. The results of this study were as follows ; In income sources, earned income was majority of employed households, but the percent of unearned income was greater than retired households. While the percent of cloth, education, recreation expenditures were high in employed, and medical, housing expenditures wee high percentage in retired. The percentage of real asset(housing) was majority of total asset in two groups. And the percentage of safe liquid asset of retired households was relatively higher than employed households.

• Journal of Families and Better Life
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• v.17 no.4
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• pp.73-86
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• 1999

Using the 1996 National Survey of Family Income and Expenditure Survey this study investigated the effect of employment status on food expenditure patterns of elderly households. The effect of employment status of elderly households was not significant in food-at-home expenditures while it was significant in food-away-from-home expenditures. As the results of this study income age family size education number of earners home ownership and region were found to influence the food-at-home expenditures of elderly households whereas income family size number of earners and education were significantly associated with the food-away-from-home expenditures of elderly households.

• Journal of Families and Better Life
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• v.25 no.3 s.87
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• pp.25-44
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• 2007

The purpose of this study was to classify the financial strategies and investigate major determinants of the financial performance in elderly households. This study used the data of 4,577households with all ages and 1,255 elderly households were from the Korean Labor and Income Panel Study(2000, 2003). The data were analyzed by various statistical methods such as frequency, mean-test, Duncan's multiple range test, k-mean cluster analysis and regression. The major findings were as follows: First, the classified household financial strategy types were Residual(44.3%), Financial Assets(24.0%), Informal Institutional(19.7%), Diversified Portfolio(7.6%), Real Estate(4.5%). Second, the criteria of classification of the financial strategies were relative, not absolute. Third, elderly households that employed a financial assets had the greatest financial performance (62,320,000 won net gain). Households with all ages that employed a diversified portfolio strategy had the greatest financial performance (98,360,000 won net gain). Forth, the determinants of the financial performance were significantly different according to the types of financial strategy.

• Journal of Families and Better Life
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• v.19 no.1
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• pp.173-190
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• 2001

The purpose of the study was to provide the informations about the economic status of elderly households. Utilizing the 1996 national household data, economic status was investigated by the components of two financial statements: the income and expense statement and the balance sheet statement. Thus it included incomes, consumption, propensity to consume, savings(financial assets), debt amount and net-savings. The elderly households were compared with the nonelderly households. The subgroups of the elderly were also compared. They were divided based on the employment status of the head and household composition. The results showed that the economic status of the elderly was worse compared to the nonelderly. There were also variations among the subgroups of the elderly households. In general, the economic status of retired households and single households were worse than those of employed households and of the households composed of couple and the elderly living with children.

• Journal of Families and Better Life
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• v.21 no.4
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• pp.103-116
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• 2003

The purpose of this study was to examine the economic status of retired elderly households. This study especially looked for the differences in the economic status among retired elderly households and the level of subjective financial strain. The data were drawn from the data of 2000 Korean Labor and Income Panel Study (KLIPS) conducted by the Korea Labor Institute. The major findings are as follows: 1) The levels of income in the retired households were found to be lower than those of the employed elderly households, and the transfer income took the biggest portion out of 5 income types reflecting high economic dependency. 2) The levels of expenditure were found to be similar to the minimum living cost, and the food cost at home was 41.9% of the expenditure. 3) About 40% and 27.3% of households reported that they felt financial strain due to food expenditures at home and health care respectively. 4) Ninety percent of all assets were found to be real estate, reflecting the lack of asset liquidity. Further, retired elderly households were classified as 'not at all strained financially', 'moderate', 'seriously strained', and 'extremely strained' groups according to their subjective assessment. The last two groups showed the lower level of income and expenditures than the first two groups. In particular, 26.5% of retired elderly households belonged to 'extremely strained' group and showed very serious economic problems.

• Korean Journal of Human Ecology
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• v.16 no.1
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• pp.75-87
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• 2007

The purpose of this study was to classify the financial strategies in elderly households. The data of 4,577 households with all ages and 1255 elderly households is from the Korean Labor and Income Panel Study(2000, 2003). The data were analyzed by various statistical methods such as frequency, mean-test, Duncan's multiple range test, k-mean cluster analysis and logistic regression. Findings were as follows; First, the classified household financial strategy types were Residual(44.3%), Financial Assets(24.0%), Informal Institutional(19.7%), Diversified Portfolio(7.6%), Real Estate(4.5%). Second, the criteria of classification of the financial strategies were relative, not absolute. Third, households(both elderly households and all households) that employed a diversified portfolio strategy had the greatest net wealth.

• KIEAE Journal
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• v.12 no.4
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• pp.31-40
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• 2012

This study of elderly households living conditions to determine the overall status in the housing environment is to understand. To this end, the stage of elderly as a framework to target living consciousness, living space composition, housing Environment composition of elderly households with a comprehensive understanding and analyzes were employed. For this research is a survey conducted on senior citizens(over 60) in Busan, Korea. The major findings are as followings; In the living consciousness, the elderly households showed high perception of dependency but the age of the elderly increases, depends on the parent to the child. Also depending on the aging of the elderly considered health more important than economic conditions. The requirements for living space composition, most respondents prefer to stay in the same place where they currently reside. Move into the new housing was also identified. It was recognized that elderly households not only required living in co-residential space with their families, but also the necessity for individual space. The home environments composition, health care and social welfare support services appears overall the elderly of stage. The age of the elderly increases, a strong demand for care and support service were identified. Health activities in leisure and social activities and social activities, as age increased mainly done by the convenience of public transportation has been identified that are important.

• The Journal of Korean Society for School & Community Health Education
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• v.21 no.1
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• pp.15-31
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• 2020

Background and objectives: One-person households are the fastest growing family type in Korea. They bring social concerns such as weakened social integration, increasing poverty and social isolation. They are not homogeneous but heterogeneous groups depending on their socio-demographic characteristics including generation. This study compared the life satisfaction level as well as factors affecting it among the three one-person household generations Methods: The 13th wave of the Korea Welfare Panel dataset with 1,187 respondents was utilized. For data analysis Chi-square test, analysis of variance and hierarchical regression analysis were employed. Generations are divided into three, namely young adult (20-39), the middle-aged (40-64) and the elderly (65 and over). Result: The life satisfaction level was highest among the young adult one-person household generation, followed by the middle-aged and the elderly generation. The common factors affecting life satisfaction of the three generations were physical as well as mental health, including self-esteem and depression. However, there were more factors different from generation to generation. As for the young adult, age, religion, and smoking were significant. As for the middle aged and the elderly, gender (male) and income were significant. Additionally, age, home-ownership and drinking were significant to the elderly generation. Conclusions: As there are differences as well as similarities among the three generations, policies for one-person households need to be devised considering these findings. For all generations, both physical and mental health policies are needed. For young adult strengthening social relations, providing decent jobs, and promoting anti-smoking policy are major agenda, and for the middle-aged and the elderly, assisting in social capital accumulation (for male), providing stable jobs and diverse leisure activities, and securing income. Additionally, for the elderly, expanding the social security system and housing support are needed.

• Environmental and Resource Economics Review
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• v.27 no.3
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• pp.463-493
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• 2018

As the population structure of Korea changes with the increase of single households and elderly households, this may have effect on domestic energy consumption pattern. Our study analyzes whether the energy consumption of single and elderly households are distinguishable from those of general households. For empirical analysis, Household Energy Standing Survey panel data and regional fixed effect model are employed. The result strongly shows that single households consume more energy than other households. The consumption of single households from 40s to 60s was the highest. On the other hand, the effect of aging was different from energy sources. Electricity consumption of elderly household was more than other age groups, while oil consumption of elderly household was less than others. Gas and total energy consumptions turned out to be not much different among different age groups.