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http://dx.doi.org/10.5392/JKCA.2019.19.12.593

The Effect of Early Health Status on Income during Old-Age Period  

Kim, Jeungkun (강남대학교 복지융합대학 실버산업학과)
Publication Information
The Journal of the Korea Contents Association / v.19, no.12, 2019 , pp. 593-603 More about this Journal
Abstract
The purpose of this study is to analyze the effect of early health status on income status as young old adults grow older. Using Korean Retirement & Income Study(KReiS), this study finally included 923 older adults who were fully present from the first wave (2005) to the sixth wave (2015) for 10 years. The results of descriptive analysis show that the difference of income occurs due to the difference of health status at the early old age. In other words, older adults with good health status at the early old age(56 ~ 60 years old) have a relatively higher income level for 10 years compared with older adults with poor healthy status. In multiple regression analysis, the results represent that the better the health condition in early age, the higher the gross individual income, controlling for gender, spouse, and education level. In addition, older adults with good health at early old age stage have higher income level than those with poor health at early old age stage. The difference by health status continues as they are getting old. Therefore, this study suggests several policies and practical alternatives to improve the early health condition and to reduce the negative impact of early health condition on old age income.
Keywords
Health; Income Security; Korean Retirement & Income Study; Longitudinal Analysis; Health Inequality;
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