Journal of the Korea Convergence Society (한국융합학회논문지)

Korea Convergence Society (한국융합학회)
권호 표지
DOI QR코드

DOI QR Code

A Study on the Relationship between Income Instability and the Degree of Preparation for Old Life and Satisfaction with Current Life

소득위험과 노후준비정도 및 현재생활의 만족도 간의 관련성

  • Lee, Chan-Ho (Dept. of Business Administration, Pusan National University)
  • Received : 2019.11.20
  • Accepted : 2019.12.20
  • Published : 2019.12.28
Download PDF
⟨ Previous Next ⟩

Abstract

The need for preparation for old life has been further increased due to the increase of the elderly population and changes in economic conditions today. The purpose of this study is to analyze the relationship between income instability and the degree of preparation for old life and satisfaction of current life. The key variables were extracted through prior study review. And the data collected through the survey were statistically analyzed with a structural equation model. The analysis found that the indirect effect of the current income risk on the satisfaction of current life through the preparation for old life had a significant negative effect under the statistically significant level of 0.05. However, it was found that the direct effects of current income risk on the satisfaction of current life were not statistically significant. An additional analysis was conducted by dividing the age, the number of dependents by two groups respectively. To summarize the results, preparation for old life played a significant role as a prerequisite for improving the satisfaction of current life. And the variability(risk) of current income played an important role in preparing for old life. At this time, the degree of relevance between the factors(potential variables) differed somewhat between the two groups. The results of this analysis will be meaningful in providing basic source of data to prepare for a satisfactory life in each individual's current situation. This study, meanwhile, has limitations that have only been done with cross-sectional analysis and would like to analyze time-series changes in the future.

오늘날 고령화와 경제여건의 변화 등에 따라 노후준비의 필요성이 더욱 증대되었다. 본 연구는 소득의 불안정성과 노후준비정도와 현재생활의 만족도간의 관련성을 분석하는데 목적이 있다. 먼저 선행연구 검토를 통해 주요 변수를 추출하고 이를 설문화하여 설문조사를 통해 수집된 자료를 구조방정식 모델로 통계분석하였다. 분석결과 현재의 소득위험이 노후준비정도를 매개로하여 현재생활의 만족도에 영향을 미치는 간접효과는 통계적으로 유의수준 0.05하에서 유의미한 음(-)의 영향을 미치나 현재의 소득위험이 현재생활의 만족도에 영향을 미치는 직접효과는 통계적으로 유의하지 않은 것으로 나타났다. 이에 연령변수와 부양가족 수를 각각 2분하여 추가분석을 실시하였다. 결과를 요약하면 현재생활의 만족도를 높이기 위한 선행요건으로 노후준비정도가 상당한 역할을 하고 노후준비를 위해서는 현재 소득의 변동성(위험)이 중요한 역할을 하는데, 이 요인(잠재변수)들 간의 관련성 정도는 연령, 부양가족 수의 많고 적음에 따라 세부적으로는 다소간의 차이가 있었다. 본 분석 결과는 현재 각 개인의 상황 속에서 만족스런 삶을 준비하기 위한 기초자료를 제공하는데 의미가 있을 것이다. 한편 본 연구는 횡단면적 분석만을 실시한 한계점을 갖고 있으며 향후에는 시계열적 변화를 분석하고자 한다.

Keywords

References

  1. E. Y. Chah & E. Y. Choi. (2007). The Effect of Income Uncertainty on Household's Saving. Journal of Women and Economics, 4(2), 91-113.
  2. L. Gusio, T. Jappelli, & D. Terlizzese. (1996). Income Risk, Borrowing Constraints, and Portfolio Choice. American Economic Review, 86(1), 159-172.
  3. K. E. Dynan. (1993). How Prudent Are Consumers?. Journal of Political Economy, 101(6), 1104-1113. https://doi.org/10.1086/261916
  4. V. Dardanoni. (1991). Precautionary Savings under Income Uncertainty: a Cross-Sectional Analysis. Applied Economics, 23, 153-160. https://doi.org/10.1080/00036849108841059
  5. J. Skinner. (1988). Risky Income, Life Cycle Consumption, and Precautionary Savings. Journal of Monetary Economics, 22, 237-255. https://doi.org/10.1016/0304-3932(88)90021-9
  6. J. S. Seo. (2017). The Effects of Later Life Preparation on the Happiness and Life Satisfaction of the Elderly-Centered around Moderation Effects from Social Support-. Doctoral dissertation. Dongbang Culture Graduate University, Seoul.
  7. D. R. Haurin. (1991). Income Variability, Home ownership, and Housing Demand. Journal of Housing Economics, 1, 60-74. https://doi.org/10.1016/S1051-1377(05)80025-7
  8. J. Robst, R. Deitz & K. McGoldrick. (1999). Income Variability, Uncertainty and Housing Tenure Choice. Regional Science and Urban Economics, 29, 219-229. https://doi.org/10.1016/S0166-0462(98)00031-3
  9. Y. R. Lee. & E. C. Chung. (2015). Effects of Income Variability on Housing Tenure Choice: Case of Variability of Household Head's Laber Income. Housing Studies Review, 23(1), 55-78.
  10. M. S. Kimball. (1993). Standard Risk Aversion. Econometrica, 61(3), 589-611. https://doi.org/10.2307/2951719
  11. K. H. Shin. & W. Ju. (2002). The Effect of Income Uncertainty on the Accumulation and Consumption of Wealth. Economic Analysis Review, 8(1), 129.
  12. S. Y. Yoon. (2012). A Study on the Effects of Preparation for Later Life on Successful Aging. Master dissertation. Kangnam University, Seoul.
  13. S. M. Im. (2010). A Study of Readiness for Old Ages of White Colors. Master dissertation. Konkuk University, Seoul.
  14. G. R. Han. (2017). The Analysis of the Type of the Preparation for Old Age of the Middle-aged. Doctoral dissertation. Dongshin University, Jeonnam.
  15. S. H. Kim & K. C. Lee. (2019). Analyzing Effects of PC Competence on Life Satisfaction: Emphasis on Mediating Role of Internet Service Usage. Journal of Digital Convergence, 17(9), 55-60.
  16. S. H. An. (2019). The Effects of Exercise Program on Cognitive Function, Depression, and Life Satisfaction in Elderly. Journal of Digital Convergence, 17(7) , 401-408. https://doi.org/10.14400/JDC.2019.17.7.401
  17. E. Diener. (1984). Subjective Well-bing. Psychological Bulletin, 95(3), 543-575. https://doi.org/10.1037/0033-2909.95.3.542
  18. A. Campbell. (1976). Subjective Measurement of Well-bing. American Journal of Psychology, 3, 117-124. https://doi.org/10.2307/1411543
  19. K. F. Schuessler & G. A. Fisher. (1985). Quality of Life Research and Sociology. Annual Review of Sociology, 11(1), 129-149. https://doi.org/10.1146/annurev.so.11.080185.001021
  20. Z. Gabriel & A. Bowling. (2004). Quality of Life from the Perspectives of Older People. Ageing & Society, 24(5), 675-691. https://doi.org/10.1017/S0144686X03001582
  21. R. D. Tella, R. J. MacCulloch & A. J. Oswald. (2003). The Macroeconomics of Happiness. Review of Economics and Statistics, 85(4), 809-827. https://doi.org/10.1162/003465303772815745
  22. P. M. Braum. (1976). Psychological Well-Being and Location in the Social Structure. Doctoral dissertation, Southern California University, California.
  23. J. J. Suk. (2019). The Effect of Insecurity Experience on Life Satisfaction. Master dissertation. Yonsei University, Seoul.