Expenditure patterns of elderly women in Korea

Expenditure patterns of Korean women aged 60 and over were examined using the Korean 1996 Survey of Family Income and Expenditures. Food at home, housing, ceremony and ceremonial gifts, personal care, and health care comprised the largest share of their budget. Multivariate Tobit analysis indicated total expenditures (as proxy for permanent income) had a significant and positive association with all expenditure categories. However, the relationship between other factors and each expenditure category was not uniform.