This research published three papers in order to maximize the effects of research and to improve the quality of paper as follows;
The first paper is 'Building of the Long-Term Forecasting Model of Farmland Price for Introducing the Farmland Revers ...
This research published three papers in order to maximize the effects of research and to improve the quality of paper as follows;
The first paper is 'Building of the Long-Term Forecasting Model of Farmland Price for Introducing the Farmland Reverse Mortgage System'
The goal of this study is to build the long-term forecasting model of farmland price for introducing the farmland reverse mortgage system. If the results of unit root test on the floating rates of the time series data of the farmland price, interest rate, and net discount rate are stable, the price forecasting model can be established easily using the net discount rates. In order to do these works, at first this paper analyses the trends of time series on the price data of rice and dry fields, released from the Korea Land Corporation, and the interest rate of company bond from the Bank of Korea, from the first quarter of 1987 to the fourth one of 2007. Second, it implements the unit root test on these time series data during the same periods in order to examine the stationaries of these data. Third, it measures the net discount rate and analyses its stationary for forecasting the future farmland price. The results note that the net discount rate is stable and it can be used to forecast the future farmland prices.
The second paper is 'Measuring the Minimum Living Costs for the Elderly.
Elderly households have been growing in the absolute numbers and the proportion of total population. The growth of elderly households is expected to continue at a higher rate in the near future. There are two groups of family who should be of social concern: the near-poor whose incomes are just high enough to disqualify them for social programs but not high enough to cover high educational expenditures and medical needs for elderly who have an especially high rate of poverty. The objective of this study is to measure the minimum cost of living, taking family size and types into account. In measuring poverty and the minimum cost of living, this study focuses on poverty with emotional and subjective issue. The statistical method provides a measure of association, and the findings indicate that family size and types were important determinants of minimum cost of living. Noting the results of this study, the policy formulations should pay special attention to the family size and types. Since the elderly, are particularly at risk, public policy makers should be aware of planning for the needs of the family types who appear to be problem groups and who need to be considered in determining programs and priorities.
The third paper is 'the impact of local political factors on welfare spending'
In 1991, the South Korean government resumed the self-governing system at the local level, and has transferred authority for designing and implementing policies to local governments little by little.In 2004, the national government in Korea transferred the responsibility for designing and implementing welfare policy to the local governments as one of government innovation strategies. As a result, local governments now have greater control over how much they spend and which policy alternatives, 67 out of 138 spending alternatives, that they spend it on. This paper examines the variation in policy outcomes across local jurisdictions and the degree to which this variation can be explained by the use of local policy-making discretion, shaped by local environments. Specifically, we explore how political, social, and economic factors across local governments in South Korea explain local policy outcomes. Much as in the U.S., we expect that local characteristics, especially political factors, influence local policy outcomes through the discretion local governments exercise.