The welfare of the elderly becomes one of the emerging problems in Asia, whose baby boomers are about to become the elderly. Few studies, however, have addressed their "potential Need" for social welfare that is expected to rapidly rise soon after retirement. The potential need of these...

The basic concept of a reverse mortgage is loan available to homeowners who are 65 years or older that enables them to convert part of the equity in their home into cash. The loan is called a reverse mortgage because the traditional mortgage payback stream is reversed. Instead of making monthly...

This study basically focuses on the analysis of the net effect of the government R&D support program on the local firms' technology development and its performance. And then it examines whether and how much R&D raises the effects of local firms' technology development and its performance. It...

Social welfare is a major issue in both developing and developed countries, including Korea. Political parties are especially struggling with the choice between universal or selective welfare but hardly any clear guidelines exist. This paper reviews universal versus selective welfare concepts...

Population structure in current Korea is characterized as "aging society". Under this aging society, the prompt and large-scale expansion of welfare for the elderly is required to meet the welfare demand. To figure out the factors influencing welfare spending, we test how the mobilization power...