• The Korean Journal of Community Living Science
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• v.26 no.1
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• pp.191-206
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• 2015

This study investigates the differences in retirement preparation and asset type in the elderly life of employees in their forties and fifties. Retirement preparation showed a score of 3.30, and the emotional preparation dimension of retirement preparations showed a slightly higher score. The retention of guarantee assets(insurance and, national pension) scored higher than other types of assets. There was a high correlation between economic preparation and the type of asset retention. According to the hierarchical regression analysis, economic preparation, monthly income, home ownership, and the education level had significant effects on assets retention, and the explanatory power of these independent variables was 39.7%.

• Journal of the Economic Geographical Society of Korea
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• v.15 no.4
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• pp.534-549
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• 2012

This study analyzed the effects of housing wealth on the balance accounts of elderly households with an age of over 60 facing the asset decumulation period, capitalizing upon an ordered logit model for the 2011 household finance survey data. Out of some variables representing personal and social characteristics, the age and waged worker variables had a positive effect, but the number of household, low education level, living in the apartment and capital region variables negatively affected the balance accounts of elderly households. Some variables reflecting economic wealth and financial strategies such as the attitude of risk-taking, ordinary income and the ratio of financial assets had a positive impact, but other variables such as DSR did a negative one on the balance accounts of the elderly households. The ownership of housing wealth variable positively, but the ratio of housing assets variable negatively affected the balance accounts of the elderly households, which could be derived from the duality of housing as both consumption goods and assets. However, the ownership of other real estates and the ratio of them in the total assets variables had a negative impact on the balance accounts of the elderly households. Furthermore, since the financial asset-debt ratio worsened the balance accounts of the elderly households with both housing and other real estates, it is implied that the purchase of real estates with excessive bank loans could make them dangerous.

• Journal of Digital Convergence
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• v.17 no.11
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• pp.71-79
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• 2019

The purpose of this study is to examine the mediating effect of depression on the relationship between assets and life satisfaction in Korean elderly (45 years old or older). To this end, we used the data from the KReIS 5th Main Survey (2013). SPSS 21.0 and AMOS 25.0 were used for data analysis. The analysis methods were descriptive statistical analysis, correlation analysis, regression analysis and path analysis. As a result of the analysis, first, the assets of middle-aged and old age had a negative effect on depression, and the depression had a negative effect on life satisfaction. Second, the assets of the elderly have a positive effect on the satisfaction of life. Third, the effects of assets on the satisfaction of life were found to be mediated by depression of middle-aged people. Based on the analysis results, this study suggested the introduction of middle age generation's asset formation support program, the universal implementation of basic pension for the elderly generation, and the gradual increase in benefits.

• Journal of Families and Better Life
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• v.19 no.1
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• pp.173-190
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• 2001

The purpose of the study was to provide the informations about the economic status of elderly households. Utilizing the 1996 national household data, economic status was investigated by the components of two financial statements: the income and expense statement and the balance sheet statement. Thus it included incomes, consumption, propensity to consume, savings(financial assets), debt amount and net-savings. The elderly households were compared with the nonelderly households. The subgroups of the elderly were also compared. They were divided based on the employment status of the head and household composition. The results showed that the economic status of the elderly was worse compared to the nonelderly. There were also variations among the subgroups of the elderly households. In general, the economic status of retired households and single households were worse than those of employed households and of the households composed of couple and the elderly living with children.

• Journal of Family Resource Management and Policy Review
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• v.1 no.2
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• pp.31-43
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• 1997

The purpose of this study was to analyze financial management and satisfaction of the elderly households using System’s Approach. 1) Financial management behavior was influenced by age, present job, husband’s job before retirement, assets, family income, living expenses, experiences of financial management. 2) Financial satisfaction was influenced by age, present job, husband’s job before retirement, assets, family income, living expenses, experiences of financial management, and assessment of family financial conditions. 3) The result of regression analysis of input variables on the throughput variable showed that age of respondent and the middle age experiences of financial management emerged as predictors of financial management. There variables accounted for 48% of variance in the financial management behavior. 4) When financial satisfaction was regressed against input and throughput variables, 55% of the total variance of the financial satisfaction was explained by financial goal and assessment of family conditions.

• Proceedings of the Korean Society of Computer Information Conference
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• 2019.07a
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• pp.179-180
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• 2019

본 연구는 5차국민노후보장패널 데이터(KReIS)를 활용하여 노인의 신체적 건강과, 자산(총자산-총부채=순자산)이 우울감을 매개로 삶의 만족에 어떠한 영향을 미치는가늘 규명하고자 한다. 분석대상은 65세이상 노인 3,960명이다. 주요 분석변수는 독립변수로 신체적 건강, 순자산, 매개변수로 우울감, 종속변수로 삶의만족을 분석할 것이다. 이러한 자료분석을 위해 SPSS 21.0을 사용할 것이다.

• International Journal of Human Ecology
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• v.2 no.1
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• pp.17-38
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• 2001

The purpose of this study is to take a new look at factors affecting the spending of retired elderly households by identifying the effects of different types of wealth components, along with socio-demographic factors, on current consumption. A tobit linear regression model was utilized to estimate parameters in the consumption functions. Data was drawn from the 1990 Consumer Expenditure Survey, Interview Survey in the United States.Total consumption and various consumption categories were the most responsive to changes in annual income flow and the least responsive to changes in property assets. The four wealth components differed in their influence on consumption categories among retired elderly households. In addition, age, residential area, household type, and education were found to be significant factors affecting total consumption and consumption categories of the retired elderly.

• International Journal of Human Ecology
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• v.6 no.1
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• pp.117-129
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• 2005

The purpose of this research was to study opinions on elderly housing and attitudes toward the problems related to elderly lives, which were due to dependence or independence in later life. The survey was conducted among middle-aged people in their fifties, living in Seoul. The final sample included 498 respondents. Since the statistical analysis was focused only on independent and dependent groups, total cases for the analysis were 373. The results of this study were as follows. Firstly, the group that was more independent in later life tended to be healthier, lived with a husband or wife, had no children, and had more monthly income and assets. Secondly, the group that was more independent in later life believed that they had the sole responsibility of resolving later life issues. The group that was more dependent believed that their family, not themselves, must resolve their later life problems. The independent group wanted to continue their work or enjoy leisure. Thirdly, the group that was more independent about elderly housing stated that they were responsible for it, while the other group stated that their family was. There were no significant differences between the two groups in terms of general idea, and social interest. However, the independent group answered that more development and management of elderly housing were needed. The expected living arrangement in their later lives was similar. Also, there were no differences between the two groups in living with family or the demand for service from elderly housing.

• Journal of Family Resource Management and Policy Review
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• v.2 no.1
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• pp.133-149
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• 1998

The purpose of this study was to analyze the expenditure state of midlife households for elderly life stage and to find out the variables that have influence upon these expenditure. The findings are follows: 1) The expenditure state was influenced by various as like wife’s age, couple’s education, number of children, husband’s retiring allowance, monthly savings, whole assets of households, level of dependence upon own children, etc. 2) The demand for economic preparation, program about elderly life, information and welfare system was related to the practical expenditure state absolutely and relatevely. The result showed that the husbands’retiring allowance was the most effective variable to the expenditure state for the elderly life. In conclusion the rational distribution of economics resources according to the family life stage is very important for the economic welfare of households.

• Journal of Families and Better Life
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• v.21 no.4
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• pp.103-116
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• 2003

The purpose of this study was to examine the economic status of retired elderly households. This study especially looked for the differences in the economic status among retired elderly households and the level of subjective financial strain. The data were drawn from the data of 2000 Korean Labor and Income Panel Study (KLIPS) conducted by the Korea Labor Institute. The major findings are as follows: 1) The levels of income in the retired households were found to be lower than those of the employed elderly households, and the transfer income took the biggest portion out of 5 income types reflecting high economic dependency. 2) The levels of expenditure were found to be similar to the minimum living cost, and the food cost at home was 41.9% of the expenditure. 3) About 40% and 27.3% of households reported that they felt financial strain due to food expenditures at home and health care respectively. 4) Ninety percent of all assets were found to be real estate, reflecting the lack of asset liquidity. Further, retired elderly households were classified as 'not at all strained financially', 'moderate', 'seriously strained', and 'extremely strained' groups according to their subjective assessment. The last two groups showed the lower level of income and expenditures than the first two groups. In particular, 26.5% of retired elderly households belonged to 'extremely strained' group and showed very serious economic problems.