@article{ART000951082},
author={keonshik Ryu and Chung, Sukyoung},
title={An Analysis of Preference in Korean Worker's Retirement Pension},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2005},
volume={16},
number={1},
pages={65-94}
TY - JOUR
AU - keonshik Ryu
AU - Chung, Sukyoung
TI - An Analysis of Preference in Korean Worker's Retirement Pension
JO - Journal of Insurance and Finance
PY - 2005
VL - 16
IS - 1
PB - Korea Insurance Research Institute
SP - 65
EP - 94
SN - 2384-3209
AB - The objective of the present study is to investigate the preference factors of
retirement pension and to identify the differences in the preference factors between
the defined benefit plans(DB) and the defined contribution plans(DC) in the
retirement pension plan. In attempt to clarify the preference factors, we use logistic
regression model.
As results of statistical analysis of the preference factors of retirement pension,
the financial preparation for the livelihood in old age, the existence of personal
pension policy, the type of job of respondents, and sex are revealed as significant
preference factors. Specifically, we could not find a curvilinear relationship between
income and the preference of retirement pension. Furthermore, the variables such
as the financial preparation for the livelihood in old age, the intermediate
adjustment of retirement allowance, the direction of supervision and regulation in
retirement pension plan and age of respondent are statistically significant in the
logistic model to identify the differences in the preference factors between the DC
plan and the DB plan
The present study finds its significance in suggesting measures to the insurance
companies for advance into retirement pension market which will be introduced
soon.
KW - DC Plan;DB Plan;Logistic Regression Model;Preference Factors
DO -
UR -
ER -
keonshik Ryu and Chung, Sukyoung. (2005). An Analysis of Preference in Korean Worker's Retirement Pension. Journal of Insurance and Finance, 16(1), 65-94.
keonshik Ryu and Chung, Sukyoung. 2005, "An Analysis of Preference in Korean Worker's Retirement Pension", Journal of Insurance and Finance, vol.16, no.1 pp.65-94.
keonshik Ryu, Chung, Sukyoung "An Analysis of Preference in Korean Worker's Retirement Pension" Journal of Insurance and Finance 16.1 pp.65-94 (2005) : 65.
keonshik Ryu, Chung, Sukyoung. An Analysis of Preference in Korean Worker's Retirement Pension. 2005; 16(1), 65-94.
keonshik Ryu and Chung, Sukyoung. "An Analysis of Preference in Korean Worker's Retirement Pension" Journal of Insurance and Finance 16, no.1 (2005) : 65-94.
keonshik Ryu; Chung, Sukyoung. An Analysis of Preference in Korean Worker's Retirement Pension. Journal of Insurance and Finance, 16(1), 65-94.
keonshik Ryu; Chung, Sukyoung. An Analysis of Preference in Korean Worker's Retirement Pension. Journal of Insurance and Finance. 2005; 16(1) 65-94.
keonshik Ryu, Chung, Sukyoung. An Analysis of Preference in Korean Worker's Retirement Pension. 2005; 16(1), 65-94.
keonshik Ryu and Chung, Sukyoung. "An Analysis of Preference in Korean Worker's Retirement Pension" Journal of Insurance and Finance 16, no.1 (2005) : 65-94.
