• Journal of Families and Better Life
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• v.26 no.5
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• pp.1-14
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• 2008

The purpose of this study was to examine factors contributing to financial resources interchange type and amount of the middle aged and the elderly household. For this study, the 6th KLIPS data was used, and sample size was 1,679 households including those with head of household being over the age of 50. Statistical analysis was conducted to examine frequency, percentile, mean and standard deviation, Pearson's correlation, Anova, Duncan's multiple range test and Heckman analysis First, Interchange amount of Benefits type household was significantly different according to the householder's gender, existence or nonexistence of a spouse, age, educational background, home ownership, family type and place of residence. However, interchange amount of provide- type households were significantly different according tohouseholder's gender, existence or nonexistence of a spouse, educational background, whether retired or not, and home ownership. Second, The receptive type of households and net receptive expense of households in terms of the financial resources interchanges and the findings of Heckman analyses suggest that the variables to have a significant effect on the receptive types of financial interchanges were as gender, age, education level, retired or not, and current economics. Factors having an effects on net receptive expense were age, and family type and for the number of receptive of financial resources, whether there is the receptive of financial resources, total income, total asset. Third, The supplying type of households and net supplying expense of households in terms of the financial resources interchanges, whether or not the type of financially supplying households is significant were residential area, total income, house ownership. Factor having an effect net supplying expense were age, family type, whether there is the supplying of financial resources, family satisfaction, and house ownership.

• Journal of Families and Better Life
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• v.22 no.5
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• pp.75-89
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• 2004

The purpose of this study is to investigate the factors that determine daily financial resources interchange between adult children and their parents. The data were drawn from KLIPS(Korea Labor and Income Panel Study), vol. 5(2002). From this dataset, one thousand eight hundred and thirty six adult children's households that had interchanged with or transferred financial resources to or from their parents were selected for this study. The results of this study were as follow: First, when compared to non-interchanging households, the households that interchanged financial resources with their parents tended to have a household head who is economically active, and had relatively plenty of financial resources. Second, the amount of the transaction was much larger for the adult children's households that were reciprocally interchanging financial resources with their parents than the households that transferred resources one-way, either taking from or giving to parents. Third, the main determinants of interchanges with their parents were the household head's demographic characteristic(sex, age, and education) and residential area what affected the amount of the exchanges, on the other hand, were the household head's demographic characteristic(sex, age, and education), household income, and assets.