Informal social networks in Korea
Covering the cost of major life events
Bibliographic Data
| ID | 12007246 |
|---|---|
| Authors | Ram A Cnaan (0000-0002-1596-4422, University of Pennsylvania, 3701 Locust Walk , Philadelphia, PA 19104, USA, corresponding author), Chul Hee Kang (0000-0003-3449-1103, Yonsei University), Kyo-Seong Kim (Chung-Ang University), Lewis H Lee (0000-0001-7938-565X, University of Pittsburgh) |
| Year | 2014 |
| Volume | 51 |
| Issue | 4 |
| Pages | 627-637 |
| Publication date | 2014-08-22 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Social Science Journal (JOURNAL) |
| Journal identifiers | ISSN: 0362-3319 • E-ISSN: 1873-5355 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1016/j.soscij.2014.07.005 |
| OpenAlex | W1966378996 |
| Language | EN |
| Citations received | 3 |
| References cited | 22 |
This article investigates an informal voluntary social arrangement for financial assistance with discrete major life events known in Korea as Sang-Ho-Bu-Jo. This informal voluntary arrangement is neither public nor private, but is based on social networks that produce a unique form of civic society. Sang-Ho-Bu-Jo covers people's transitional one-time needs. This study explores the practice of Sang-Ho-Bu-Jo and its origins and provides the first systematic empirical study of this social phenomenon. Three large databases are used to analyze the scope and level of participation, as well as what variables correlate with such involvement. The study finds a high rate of participation, over 80% of households, and an average investment of 2–4% of household expenditure. Sang-Ho-Bu-Jo can help scholars and policy makers worldwide in understanding the role of socialization, social networks, and social capital in explaining innovative informal methods of social care
Demographic economics · Economic growth · Economics · Empirical research · Investment (military · Phenomenon · Political science · Scope (computer science · Social capital · Social engagement · Social mobility · Social science · Socialization · Sociology · Health disparities and outcomes · Intergenerational Family Dynamics and Caregiving · Social Policy and Reform Studies
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| Citations per year | 0.27 |
|---|---|
| Citation span | 2015 - 2020 (6) |
| Highly cited | No |