Korean economy has grown rapidly during the past two decades, but in the midst of economic expansion social needs of people have become much stronger. So Korean gov't is considering the exercise of National Welfare Pension System enacted in 1973 in view of national solidarity.
Then many studies in other countries show that social security has depressed household saving more or less.
In Korea, keeping the sustained growth, she needs more domestic saving.
Though there are many alternative measures to enhance the domestic saving, we focus on the household saving for the reason that our country's household saving rate is far below those of other competing countries.
So, in this study, we will investigate the effects of public pension system on the household saving.
For this study 544 household samples (152 with gov't official householders and 392 with non-gov't salary earner householders) will be used.
First, Descriptive Analysis is used to get the basic information of two groups.
Second, Contingent Table Analysis and T-Test are used to recognize the relationship between the items of two groups.
Third, we will investigate the saving pattern of each groups through multiple regression analysis.
Finally, we will estimate the effects of public pension system on the household saving using the notion of social security wealth (SSW) constructed by Feldstein.
