- 권한신청
- E-ISSN2233-5382
- KCI
한국 기업 속성에 따른 기업연금보험 상품 및 제도유형 선호도 분석
The Impact of Corporate's Attributes on Corporate Pension Insurance Products & Type Preference
Abstract
Purpose - The total amount of advanced Corporate Pension Insurance products exceed 148 trillion Korean Won at the end of 2016. For a firm with over 300 employees, when a bill on compulsion of introduction of Corporate Pension Insurance products, currently pending in court, is passed, Corporate Pension shall be an essential. The findings of the paper will provide a guideline for understanding on firm's attributes and its effects towards introduction of Corporate Pension Insurance products. Research design, data, and methodology - The data were collected using statistics of employer panel survey from Korea Labour Institute in 2013. The study analyses a sample survey on 1,775 outstanding enterprises and their HR department among whole corporations in Korea. For analysis of data, empirical testing by Logistic Regression was utilized. Results - As an outcome of empirical testing, variables on share of regular employees and the aged employees in over 50's generates a significant statistical meaning. It eventually gives a great impact on purchase of Corporate Pension scheme. Moreover, variables on corporate financial statement, current sales, current net income, total amount of the debts, labor cost per person also has a vital influence on introduction of Corporate Pension Insurance products. Lastly, variables on firm's labor relationship have no effect except for the execution or non-execution of HR consulting. Meanwhile, Variables affecting a choice on pension schemes types among firm's attributes are a share of regular employees, current net income, execution or non-execution of HR consulting etc. These variables represents a statistical implication. According to their each features, they prefer DB or DC plan. Conclusions - Introduction of corporate pension scheme is apposite to contemporary Korea's situation entering a hyper-aging society and firms with a high share of regular employees, the weight of aging, current sales, current net income and labor cost per person are exceedingly active in purchasing Corporate Pension Insurance products. However, after the introduction of corporate pension scheme, firms which has an implementation of consultation on human resource management, flexible benefits plan, job security and welfare system prefer DC plan whereas from financial perspective firms with high net income prefer DB plan.
- keywords
- Corporate Pension Insurance Products, Corporate Attribute Variables, DB/DC/IRP Type
참고문헌
Andrews, E. S. (1991). Retirement savings and lump-sum distributions, Benefits Quarterly, 2, 47-58.
Baron, J. N., & Bielby, W. T. (1980). Bringing the firms back in: Stratification, segmentation, and the organization of work. American Sociological Review, 45, 737-765.
Berk, R. (1983). An introduction to sample selection bias in sociological data. American Sociological Review, 48, 286-398.
Berry, L. L. (1999). Discovering the Soul of Service. New York: The Free Press.
Bielby, W. T., & Baron, J. N. (1984). A woman's place is with other women: Sex segregation within organizations. In B. F. Reskin (Ed.), Sex Segregation in the Workplace (pp. 27-55). Washington, DC:National Academy Press.
Bodie, Z. (1990). Pension as Retirement income insurance. Journal of Economic Literature, 28(1), 28-49.
Choi, B.-G. (2006). A Study on Retirement Pension System. Master's dissertation, Korea University.
England, P. (1992). Comparable Worth: Theories and Evidence. New York: Aldine de Gruyter.
England, P., Chassie, M., & McCormack,, L. (1982). Skill demands and earings in female and male occupations. Sociology and Social Research, 66, 147-168.
Even, W. E., & Macpherson, D. A. (1994). Gender differences in pensions. Journal of Human Resources, 29, 555-587
Friedberg, L., & Webb, A. (2005), Retirement and the Evolution of Pension Structure. Journal of Human Resources, 40(2), 281-308.
Go, G.-S., & Oh, S.-H. (2007). A variety of studies about retirement plans. Social Welfare Policy, 30(1), 25-53.
Gwon, S.-W., & Wi, G.-G., & Kim, B.-I. (2010). A study on the factors of corporate pension election in Korea. Analysis of Korean Economy, 16(3), 123-171.
Gwon, S.-W., Wi, G.-G., & Kim, B.-I. (2011). A study on the optimal type of corporate pension by worker attributes. Korean Journal of Business, 24(1), 549-568.
Jee, E.-S. (2011). A Study on the Present Situation and Improvement Plan of Retirement Pension System. Master's dissertation, Kangwon University.
Jung, Y.-C. (2011). A study on the impeding factors and the improvement plan of retirement pension system introduction. Master's dissertation, Korea University.
Kim, B.-D. (2011). A Study on the Improvement Plan for the Development of Retirement Pension Market. Korea Institute of Finance, 1-82.
Kim, G.-H. (2010). A Study on the Actual Condition of Retirement Pension System and Improvement Plan. Master's dissertation, Konkuk University.
Kim, I.-J. (2003). Introduction of the employee retirement pension (dorporate pension) System. Labor Law Research, 14, 15-20.
Kim, S.-R. (2006). A Study on the Selection of Retirement Pension Types in Domestic Companies. Master's dissertation, Sookmyung Women's University.
Kim, W.-S., & Bang, H.-N. (2 005). Foreign retirement pension and retirement pension in Korea. Korea Applied Economics Society, 7(2), 153-188.
Kim, W.-S., Shin, M.-S., & Ahn, S.-C. (2009). Retirement pension and interim settlement. Korean Social Security Association Korea Institute for Health and Social Affairs/Friedrich Ebert Foundation joint Korean Seminar Book, 2, 273-296.
Lim, D.-B. (2012). Determinants Affecting Korea Firm's Choice of Retirement Pension Plans. Doctorial dissertation, Sungkyunkwan University.
McGregor, J. (2007). Customer service champs. Business Week, 4024, 52-64.
Ministry of Employment and Labor Retirement Pension Homepage. Retrieved from May 21, 2016, from http://www.moel.go.kr/pension/index.jsp.
Oh, S.-W. (2009). A Study on the Introduction of Retirement Pension System by Industry. Master's dissertation, HanYang University.
Park, W.-J., Lym, D.-B., & Jeon, E.-I. (2011). Analysis of characteristics of companies adopting retirement pension system. Korea Pension Association, Pensions Research, 1(2), 29-58.
Petersen, M. A. (1995). Cash Flow Variability and Firm’s Pension Choice: A role for operating leverage. Journal of Financial Economics, 36(3), 361-383.
Reichheld, F. F. (2001). Loyalty Rules. How Today's Leaders Build Lasting Relationships. Boston: Harvard Business School Press
Reskin, B. F., & Hartmann, H. (1986). Women's Work, Mens' Work: Sex Segregation on the Job. Washington, DC: National Academy Press.
Reskin, B. F., & Roos, P. (1990). Job Queues, Gender Queues: Explaining Women's Inroads Into Male Occupations. Philadelphia: Temple University Press.
Ryu, G.-S., & Jung, S.-Y. (2008). A study on the improvement plan for retirement pension settlement. Journal of the Korean Management Association, 21(2), 501-525.
Ryu, G.-S., & Lee, B.-J. (2009). Direction for upgrade of the retirement pension system to improve old-age income security function. Korean Social Security Association Social Security Research, 25(3), 221-247.
Scott, J. S., & Shoven, J. B. (1996). Lump-sum distributions:Fulfilling the portability promise or eroding retirement security? (EBRI Issue Brief No. 178). Washington, DC: Employee Benefit Research Institute.
Shah, D., Rust, R. T., Parasuraman, A., Staelin, R., & Day, G. S. (2006). The pat!, to customer centricity. Journal of Service Research, 9(2), 113-124.
Stone, M. (1987). A financing explanation for overfunded pension plan terminates. Journal of Accounting Research, 25(2), 317-326.
Webster, Jr, F. E. (1992). The changing role of marketing in the corporation. Journal of Marketing, 56, 1-17.
Yang, T. (2004). Understanding the defined benefit vs defined contribution pension choice. Pension Research Council Working Paper, ARIA Academic Seminar Presentation Papers.
- 다운로드 수
- 조회수
- 0KCI 피인용수
- 0WOS 피인용수