| Summary: | This study investigates the recent 10-year trend of "Perceived Time Pressure (PTP)" in Korean society, considered to have experienced "compressed modernity." Also this study attempts to identify the potential social factors that explain this trend. Analysis of Korean Time Use Survey (KTUS) data of 2004, 2009 and 2014 revealed that PTP rose between the years 2004 through 2009, and then fell in 2014. Results of ordered logistic regression revealed that social determinants on PTP differed by year. Having young child (10-year-old and less) in the household was not considered to be a time-pressing factor in 2004, but it seemed to affect PTP in 2014. Five-day workweek was not associated with PTP in 2004 but it was one of the main factors associated with the lowering of PTP in 2014. According to Blinder-Oaxaca decomposition analysis, between 2004 and 2009, the coefficient change was the main driver that explained the increase in time pressure. However, between 2004 and 2014 the change in coefficient (the effect of such characteristics) as well as the change in endowment contributed to a decrease in time pressure; such changes can be partly charted by differences in time use patterns. Another important finding was that those who are more educated, and with more income experienced huge drops in PTP as compared to those with less education and income. The results indicate that the benefits of five-day workweek policy or the boom of leisure activity did help to release time pressure of individuals, yet such benefits were mostly enjoyed by certain groups in the society.
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