Yoon G. Lee

Leisure Time: Do Married and Single Individuals Spend It Differently?

Using data from the 1998–1999 Family Interaction, Social Capital, and Trends in Time Use Study, the authors estimated the time use of 1,151 respondents on various leisure activities (e.g., active leisure, passive leisure, and social entertainment). Onaverage, the most time was spent on active sports (12 minutes) in the active leisure category, TVuse (119 minutes) in the passive leisure category, and socializing with people (27 minutes) in the social entertainment category. Single individuals spent more time playing musical instruments, singing, acting, and dancing than married individuals. Single individuals also spent more time listening to the radio, watching TV, socializing with people, going to bars/lounges, and traveling for social activities than married individuals. Married individuals spent significantly less time for leisure activities than did single individuals. Among the sociodemographic factors, income, employment status, age, gender, and race of respondents were significant determinants of their time use for leisure.

Influence of Family's Social Relationships on the Debt Structure of Mexican-American and Korean-American Small Businesses

This study utilizes the Korean-American and Mexican-American samples in the National Minority Business Survey to examine the debt structure of small businesses owned by individuals from these ethnic groups. Small business owners with higher household net worth were more likely to borrow from finance companies, friends, and credit card companies. When controlling for business, business owner and family characteristics, Mexican-American small business owners with high net worth were significantly more likely to borrow from commercial banks than Mexican-American small business owners with low net worth are. Korean-American small business owners with high net worth were significantly more likely to utilize family loans than Korean-American small business owners with low net worth are. Korean-American small businesses appeared to be more financially dependent on the financial strength of their community, while Mexican-American small businesses owners appeared to be more financially independent.

Analysis of post-disaster damage and disruptive impacts on the operating status of small businesses after Hurricane Katrina

When small businesses are impacted by natural hazard events, hazard and sociological researchers may have access to collect data from a sample of open businesses, in hopes of distilling lessons that might help reduce vulnerability to future disasters. Lessons from demised businesses might be more useful in reducing business closure for increasing business sustainability to disasters. Using interviews from a random sample of 371 open and 126 closed businesses’ experiences with Hurricane Katrina, discrete choice methods examine the relationship between the impact of post-disaster damage, loss of lifelines, types of delays in reopening, and cascading damages on business continuity. This unique sample offers the opportunity to determine whether damage to operating businesses was different than that of demised businesses. Respondents provided pre-Katrina data up through the last interviews in 2013. Results demonstrate that damage may have a short-term effect on operating status; it was associated with immediate demise but had much less effect on longer-term recovery. Additionally, it is evident that there is one path to failure. Businesses that did reopen, but later closed, may have been impacted by a cascade of both exogenous and endogenous shocks.

Adjustment strategies and business success in minority-owned family firms

With data from the 2003 and 2005 National Minority Business Owners Survey, we examined the extent to which minority business owners differ from nonminority business owners in their reported use of adjustment strategies, and the relationship between the use of adjustment strategies and perceived business success. The sample consisted of 193 African American, 200 Mexican American, 200 Korean American, and 210 white business owners. Mexican American and Korean American business owners reported higher levels of adjustment strategy use than African American and white business owners. The ordinary least squares show that reallocating family resources to meet business needs and reallocating business resources to meet family needs were negatively associated with perceived business success, whereas hiring paid help was positively associated with perceived business success.

Survival and success of family-owned small businesses after hurricane Katrina: Impact of disaster assistance and adaptive capacity

The studys purpose is to examine the relative importance of direct disaster assistance to family‐owned small firms on their survival and success while considering the components of their adaptive capacity after experiencing Hurricane Katrina. This study employed data from the 2013 and 2015 Small Business Survival and Demise after a Natural Disaster Project (SBSD), a project funded by the National Science Foundation. The logistic regression results show that family businesses with SBA loans (or loan guarantees) were significantly more likely to survive. In addition, family businesses where household and family issues were more frequently in conflict with work demands were more likely to survive. On the other hand, the OLS regression results indicate that family businesses with more stress and more family–business conflict were less likely to succeed.

Level of Income and its Distribution as Determinants of Korean Expenditure Patterns

Even though the permanent income and relative income hypotheses have been utilized in past research to explain consumer behavior, no previous attempt has been made to integrate them into one model in explaining household expenditure behavior. In this article, the hypotheses are synthesized into a single model. The model was empirically tested using data from the 1996 Korean National Survey of Family Income and Expenditures. The results indicate that household expenditure behavior is generally explained by both hypotheses when integrated in one model. However, the impact of relative income and permanent income varies by expenditure categories.