@article{ART001050770},
author={JEON, SEUNG-HOON and Kang Sung-Ho and Lim Byung-In},
title={Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2007},
volume={18},
number={1},
pages={41-72}
TY - JOUR
AU - JEON, SEUNG-HOON
AU - Kang Sung-Ho
AU - Lim Byung-In
TI - Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect
JO - Journal of Insurance and Finance
PY - 2007
VL - 18
IS - 1
PB - Korea Insurance Research Institute
SP - 41
EP - 72
SN - 2384-3209
AB - We measured the disposal income elasticity of the personal pension savings(hereafter, PPS) and analyzed its deduction effect. As a result, we found that the disposal income elasticity of the PPS was 0.404 during 1994-1997, 0.153 in 1998, and 0.31 in 2001, and the benefits of the PPS deduction were relatively beneficial to the high-income brackets. Although the PPS deduction was introduced to encourage a voluntary income security for the old-age, our empirical results imply that the PPS deduction does not function as an incentive for the low-income brackets. Thus, new alternatives are needed to introduce and implement so as to help the low-income earners prepare for sufficient income to expend during the old-age.
KW - elasticity;personal pension savings;personal pension savings deduction
DO -
UR -
ER -
JEON, SEUNG-HOON, Kang Sung-Ho and Lim Byung-In. (2007). Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect. Journal of Insurance and Finance, 18(1), 41-72.
JEON, SEUNG-HOON, Kang Sung-Ho and Lim Byung-In. 2007, "Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect", Journal of Insurance and Finance, vol.18, no.1 pp.41-72.
JEON, SEUNG-HOON, Kang Sung-Ho, Lim Byung-In "Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect" Journal of Insurance and Finance 18.1 pp.41-72 (2007) : 41.
JEON, SEUNG-HOON, Kang Sung-Ho, Lim Byung-In. Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect. 2007; 18(1), 41-72.
JEON, SEUNG-HOON, Kang Sung-Ho and Lim Byung-In. "Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect" Journal of Insurance and Finance 18, no.1 (2007) : 41-72.
JEON, SEUNG-HOON; Kang Sung-Ho; Lim Byung-In. Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect. Journal of Insurance and Finance, 18(1), 41-72.
JEON, SEUNG-HOON; Kang Sung-Ho; Lim Byung-In. Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect. Journal of Insurance and Finance. 2007; 18(1) 41-72.
JEON, SEUNG-HOON, Kang Sung-Ho, Lim Byung-In. Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect. 2007; 18(1), 41-72.
JEON, SEUNG-HOON, Kang Sung-Ho and Lim Byung-In. "Disposal Income Elasticity of the Personal Pension Savings and Its Deduction Effect" Journal of Insurance and Finance 18, no.1 (2007) : 41-72.
