• Title/Summary/Keyword: supply-demand

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Old Age Workers' Labor Market: A Model for Understanding Its Structure and Policy Implication (고령자 임금노동시장의 구조와 정책적 시사)

  • Hur, Jai-Joon
    • Korea journal of population studies
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    • v.21 no.2
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    • pp.58-82
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    • 1998
  • It is usually proposed that job security of old age workers is hampered by the structure of wage increasing with age. This paper sets forth a model to comprehend the characteristic of the old age workers' labor market and policy implications derived from it. In order to stimulate demand for old age workers, policy initiatives should be taken as follows : the wage criteria should be simplified which apply differently from one institution to other; incentives relatively favorable for employing old age workers' in manufacturing sector should be also given to service sectors; employment subsidy or other tax incentives should be given for labor contract after the retirement age; licensing and evaluation system for job ability should be introduced based on occupation & job analysis. To lower the reservation wage of workers, mortgage loan for house and long-term low interest loan for tuition fees should be developed together with stabilization of housing cost. Wedding culture which requires high expense should be amended. Above all, it is necessary to install reasonable social security system. Policy orientation should also pay attention to reduce labor supply of the old aged via aiding old age workers' firm opening and voluntary civil service together with developing various honor programs for members of civil corps.

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The Effects of Demographic Factors on the Change of Female Labor Market (여성인구변동과 노동시장)

  • Chang, Ji-Yeun
    • Korea journal of population studies
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    • v.21 no.2
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    • pp.5-36
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    • 1998
  • This study examines the change of female labor market structure during the last several decades, focusing the effects of demographic factors such as declining fertility and increasing educational attainment of women. Women of the recent cohort tend to postpone their first marriages, to attain higher levels of education, and to have smaller number of children than women of the old cohort. This demographic trend results in the change of the population compositions in a way that population subgroups with high labor force participation have been increased. In addition, women of each population subgroup supply their labor in the market with higher rate than their old cohort counterparts. The labor force participation rate of highly educated women, and of married women has been increased faster than that of women with low education and of unmarried women. Although childbirth is still one of the most critical barrier for the women's participation, more and more women with young children tend to work for pay than ever before. In spite of the demographic change which is supportive to the increasing labor force participation, the Korean labor market have lost its female participants for the last year of the economic restructuring, reflecting demand-side factors as well as demographic factors are essential to determine the labor force participation of women.

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Stock Price Prediction Using Sentiment Analysis: from "Stock Discussion Room" in Naver (SNS감성 분석을 이용한 주가 방향성 예측: 네이버 주식토론방 데이터를 이용하여)

  • Kim, Myeongjin;Ryu, Jihye;Cha, Dongho;Sim, Min Kyu
    • The Journal of Society for e-Business Studies
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    • v.25 no.4
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    • pp.61-75
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    • 2020
  • The scope of data for understanding or predicting stock prices has been continuously widened from traditional structured format data to unstructured data. This study investigates whether commentary data collected from SNS may affect future stock prices. From "Stock Discussion Room" in Naver, we collect 20 stocks' commentary data for six months, and test whether this data have prediction power with respect to one-hour ahead price direction and price range. Deep neural network such as LSTM and CNN methods are employed to model the predictive relationship. Among the 20 stocks, we find that future price direction can be predicted with higher than the accuracy of 50% in 13 stocks. Also, the future price range can be predicted with higher than the accuracy of 50% in 16 stocks. This study validate that the investors' sentiment reflected in SNS community such as Naver's "Stock Discussion Room" may affect the demand and supply of stocks, thus driving the stock prices.

A proposal of unit watershed for water management based on the interaction of surface water and groundwater (지표수-지하수 연계 기반의 통합수자원 관리를 위한 단위유역 제안)

  • Kim, Gyoo-Bum;Hwang, Chan-Ik
    • Journal of Korea Water Resources Association
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    • v.53 no.spc1
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    • pp.755-764
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    • 2020
  • In South Korea, 850 standard watersheds and 7,807 KRF catchment areas have been used as basic maps for water resources policy establishment, however it becomes necessary to set up new standard maps with a more appropriate scale for the integrated managements of surface water-groundwater as well as water quantity-quality in the era of integrated water management. Since groundwater has a slow flow velocity and also has 3-D flow properties compared to surface water, the sub-catchment size is more effective than the regional watershed for the evaluation of surface water-groundwater interaction. The KRF catchment area, which has averagely a smaller area than the standard watershed, is similar to the sub-catchment area that generally includes the first-order or second-order tributaries. Some KRF catchment areas, which are based on the surface reach, are too small or large in a wide plain or high mountain area. Therefore, it is necessary to revise the existing KRF area if being used as a unit area for integrated management of surface-water and groundwater. A unit watershed with a KRF area of about 5 to 15 ㎢ can be effective as a basic unit for water management of local government considering a tributary composition and the location of groundwater wells, and as well it can be used as a basic tool for water demand-supply evaluation, hydrological observation system establishment, judgment of groundwater permission through a total quantity management system, pollution assessment, and prioritizing water policy, and etc.

Calculating virtual water for international water transactions: deriving water footprints in South Korea (국제 물거래 대비 가상수 거래량 산정 : 국내 물발자국 적용값 도출)

  • Park, Sungje;Lee, Minhyeon;Park, Kyeyoung;An, Yosep
    • Journal of Korea Water Resources Association
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    • v.53 no.spc1
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    • pp.765-772
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    • 2020
  • The amount of water resources identified by water balance analysis are usually used to formulate water resources plans. However, this does not consider the trade in goods between countries. It is possible to use virtual water to come up with a supply and demand plan by looking at the export and import of products. This is because it looks comprehensively at the direct water use (water resources within the region) and indirect water use (water resources of other regions from imported products). Yet South Korea does not actively use the concept of virtual water in the national water resources plan. There is difficulty with calculating and identifying the appropriate virtual water amount as many of the research papers present only few of the cases or omit the calculation process. This paper introduces detailed water footprint values for calculating the virtual water trade for South Korea. The international movement, water footprint, and virtual water trade of agricultural and livestock products are presented and compared to existing research. The water footprint and virtual water research in this paper can be utilized as baseline data for future researchers.

A benchmarking of electricity industry for improving the integrated water resources management (IWRM) policy (통합물관리 정책실현을 위한 전력산업 벤치마킹 연구)

  • Kim, Dong Hyun;Kim, Taesoon;Jung, Heoncheol;Jeong, Eunsung;Lee, Seung Oh;Jung, Changsam
    • Journal of Korea Water Resources Association
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    • v.53 no.spc1
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    • pp.785-795
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    • 2020
  • Recently, the integrated management of the quantity and quality of water was been derived by the Ministry of Environment in Korea. This reconstruction in the national government organization can be recognized as the major politic measure. For this IWRM (Integrated Water Resources Management), it is necessary to be able to fairly distribute, operate and manage water resources in a situation where related techniques are needed to fully support, such as measuring exactly the demand and supply of water resources. The reason why IWRM is difficult, despite the development of related technologies, is because the management entities are highly diverse and their interests are much complicated. Thus, this study is tried to suggest specific improvement for current policies by benchmarking the KPX (Korea Power Exchange). In the field of water management as similar to the electric industry, there is an essential need for a working-level organization that can manage, control, monitor, and regulate water resources with practical and plenipotentiary control like the non-profit organization, KPX. Such time has come for decisive policy changes through benchmarking the structure, system, productivity, and challenges of the electricity industry in the water policy.

Characterization of Water Treatment Membrane Using Various Hydrophilic Coating Materials (다양한 친수성 코팅소재를 이용한 수처리 분리막의 특성 평가)

  • Park, Yun Hwan;Nam, Sang Yong
    • Membrane Journal
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    • v.27 no.1
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    • pp.60-67
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    • 2017
  • Recently, the economic, social and environmental significance of the water industry is increasing significantly due to rapid global urbanization, population growth, and imbalance in demand and supply of water resulted by climate change. The type of these water industries are all different and they can be distinguished by the kinds of membranes used. Mainly, polymer materials that have excellent physical and chemical stability are used, but recently various methods of assigning hydrophilicity have been introduced due to their hydrophobic properties. In this study, hydrophilic polymers of four types were introduced into a commercially available hollow support to assign hydrophilicity. Furthermore, the morphology of the coated hollow support through FE-SEM was confirmed as well. Also the contact angle was measured to examine the degree of hydrophilicity of the coated hollow support with each polymer. Finally,.effect of different time on water permeability as well as the relationship between water permeability and hydrophilic polymers were investigated. As a result, the coating with 1 wt% of pluronic has good hydrophilicity degree, and shows the excellent water permeability without blocking the pore of the hollow fiber. Therefore, it can be concluded that the hydrophilic coating using pluronic polymer is most suitable as the water treatment.

The Distributional Characteristics of High Schools in Daegu Viewing from Public Service Facilities (도시공공서비스 측면에서의 대구시 고등학교 분포특성)

  • Woo, Jong-Hyeon
    • Journal of the Korean association of regional geographers
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    • v.8 no.3
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    • pp.314-325
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    • 2002
  • The aims of this study is to find the facts of regional inequality and to suggest the desirable location of educational facilities and its related policies through the analysis of the distributional characteristics of high schools in Daegu viewing from public service facilities. The results are as follows. As of 2000 year, there are 76 high schools in operation in Daegu. The number of private high schools is more than that of national public ones in terms of their founders, and the number of general high schools outnumbers that of vocational high schools by their operational types. As a whole, the distribution of schools in Daegu is closely related to the population distribution(redistribution). In case of high schools, it shows that there is severe unevenness between demand and supply of educational facilities per district. The regional inequality of school facilities is getting worse by transfer and new establishment; inter-district transfer is mainly caused by the redistribution of population while intra-district transfer is accelerated by the pressure on better use of land. Recently there is a tendency that schools are newly established by public sector(national public schools) rather than by private sector(private schools). And the predilection or avoidance of a certain area in the process of choosing the site for transfer or new establishment of schools lead to inequality of education opportunities per district. In conclusion, the educational facilities should firstly be placed in the practice of public service facilities in terms of public welfare as well as the convenience of residents and regional inequality. Consequently, both construction of new high schools and the relocation of existing high schools have to be further activated. To achieve them, the role of public actions is particularly more important than that of private ones.

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A Study on the Knowledge Acquisition from Local Companies and Job Seekers using Data Mining Techniques (데이터마이닝 기법을 이용한 지역 기업과 구직자로부터의 지식 도출에 관한 연구)

  • Kim, Jin-Sung
    • Journal of the Korean Institute of Intelligent Systems
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    • v.22 no.2
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    • pp.141-147
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    • 2012
  • The purpose of the study is the acquisitions of knowledge related in job searching from local companies and job seekers using data mining techniques. At the first step, for the study, we had selected the local companies their headquarters are located in Jeonbuk province. Then we had picked the graduating students out from the high schools, colleges, and universities in the same area as the job seekers. After the targeting of the sample, we had surveyed 560 local companies and 14 schools for the collecting of the preliminary data. As the result of the survey, we could collect 173 responses from the companies and 551 responses from the job seekers. At the second step using data mining, we had adapted the C5.0 algorithm to extract the inference rules. Then we had used the Visual Basic (VB) programming language to visualize the rules at the third step. At the fourth step, we transformed the inference rules into DB tables. At the final step, we had executed the rule inferences to support the development of the long-term human resources development (HRD) strategies. As the result of the study, we could suggest the helpful information to the HRD directors and job seekers in designing their strategies in managing their jobs and career development.

Secular Trend and Seasonal Variation of Timer Prices in Korea (목재가격(木材價格)의 경향변동(傾向變動)과 계절변동(季節變動) 분석(分析))

  • Cho, Eung Hyouk
    • Journal of Korean Society of Forest Science
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    • v.36 no.1
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    • pp.33-37
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    • 1977
  • The secular trends and seasonal variation of the prices of imported lauan sawtimber, domestic red pine logs and sawtimber have been analyzed to find out the features and origins of price fluctuation in Korea for the period of 1961~1971. The results may be summarized as follows: 1. The relative prices of red pine logs were raised by 1.23 percent per year, and those of red pine and lauan sawtimber were decreased by 0.10 and 0.93 percent, respectively through the period. As a whole, there is a tendency in the country that timber prices were gradually decreased by lowing timber demand through savings in consumption and exploitation of alternative materials, with the increased supply through continuous log import. 2. There is also a tendency that the seasonal variation reduced in the last 15 years. In the period of 1961~1968, the seasonal price indices were peaked in spring and autumn, but thereafter peaked in spring and dropped down until winter. 3. In secular and seasonal variations of timber prices, the trend of sawtimber prices was dependent upon that of log prices but the fluctuation was larger in log prices.

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