• Title/Summary/Keyword: Retirement Age

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Relationship among the Perception of Retirement and Senior Life, Retirement Preparation Action, and Retirement Satisfaction Level (은퇴 및 노후생활 인식과 은퇴준비행동 및 은퇴만족도의 관계)

  • Kim, Nam-Won;Jang, Sun-Chul;Lim, Eun-Sil
    • The Journal of the Korea Contents Association
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    • v.16 no.9
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    • pp.66-77
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    • 2016
  • This research defined causal relationships among the perception of retirement and senior life(PRSL), retirement preparation actions(RPA), and retirement satisfaction level(RSL) to know the expectation about retired life according to the differences of retirement related factors, PRSL, and RPA. For this, From November 2015 to February 2016, I researched from 20 to 69, 1,500 currently working adults in the country, mailing surveys with the letter introducing this research's purpose and procedure and having them send them back, or researcher's spreading and collecting the surveys, eliminating 83 cases of negligent answers, finally analyzing 1,417 surveys. The result shows age, monthly income, and residing at their own places made more positive PRSL, RPA, financial retirement preparation level(FRPL), and expectancy about satisfactory retirement life. When they had less children, PRSL and RSL were higher. When they had more children, RPA was more proactive, and FRPL was higher. When they had positive PRSL, RPA was more proactive, and expectancy about retired life was higher. This research is significant in defining differences of retirement related factors and causal relationships among PRSL, RPA, and RSL.

The Effect of Retirement on Health Behavior: Analyses by Reasons for Retirement (은퇴가 건강행동에 미치는 영향: 은퇴사유에 따른 분석)

  • Ha, Mi-ok;Kim, Mi-hee;Ko, Young-sook
    • 한국노년학
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    • v.36 no.4
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    • pp.1125-1139
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    • 2016
  • The current study examines whether retirement changes health behaviors and how the effect differs by reasons for retirement. This study conducts fixed-effects logistic regression analyses, using data from the Korean Longitudinal Study of Aging (KLoSA) over the period 2006 through 2014. Results indicates that retirees are more likely to participate in regular exercise compared to their employed counterparts. Retirement is positively associated with participation in regular exercise regardless of reasons for retirement. The odds of being engaged in smoking among retirees are 50% less relative to those for employees. However, analyses by reasons for retirement reveal that only participants who retired for health problems or reaching retirement age are less likely to smoke cigarettes compared to employed participants. Retirees show significantly lower odds in drinking compared to employees. Yet, further analyses present that only individuals who retired due to health problems are less likely to drink alcohol. Overall, these results suggest that retirement may provide opportunities for positive changes in health behaviors. The present study imply that individuals who retired due to health problems benefits most from retirement in terms of health behaviors compared to retirees who retired for other reasons.

The Effect of Middle-aged People's Retirement Preparation on Successful Aging : Focusing on the mediating effect of social support (중장년층의 노후 준비가 성공적 노화에 미치는 영향 : 사회적 지지의 매개효과를 중심으로)

  • Seung-Gwon Jung;Hyun-Seung Park
    • Industry Promotion Research
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    • v.8 no.3
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    • pp.69-78
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    • 2023
  • Based on the perception that integrated retirement preparation in various areas is needed in preparation for increased old age, this study aims to identify the status and characteristics of retirement preparation of middle-aged people and reveal the relationship with successful aging. In addition, it aims to find out the mediating effect of social support in the relationship between retirement preparation and successful aging for the middle-aged. To confirm this, 1,037 men and women aged 50 to 64 who responded to the third, fourth, and fifth additional surveys of the Korean Retirement & Income Study (KReIS) conducted by the National Pension Research Institute were analyzed. When the preparation of middle-aged people for retirement affects successful aging, bootstrapping with IBM SPSS 26 Process Macro Model 4 was conducted to verify the mediating effect of social support. As a result of verifying the significance of independent variables on the parameters, preparation for retirement was positively (+) significant. In other words, it was verified that the higher the preparation for retirement, the higher the social support. Furthermore, it was discovered that social support, an independent variable, had a significant impact on successful aging, and social support, an independent variable, had a significant impact on successful aging. The results of this study suggest the need for social support for successful aging through the preparation of middle-aged people for retirement. It is intended to derive policy implications for preparing for retirement and provide them as basic data to increase the level of successful aging.

Probability of Early Retirement Among Emergency Physicians

  • Shin, Jaemyeong;Kim, Yun Jeong;Kim, Jong Kun;Lee, Dong Eun;Moon, Sungbae;Choe, Jae Young;Lee, Won Kee;Lee, Hyung Min;Cho, Kwang Hyun
    • Journal of Preventive Medicine and Public Health
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    • v.51 no.3
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    • pp.154-162
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    • 2018
  • Objectives: Early retirement occurs when one's job satisfaction suffers due to employment mismatch resulting from factors such as inadequate compensation. Medical doctors report high levels of job stress and burnout relative to other professionals. These levels are highest among emergency physicians (EPs), and despite general improvements in their working conditions, early retirement continues to become more common in this population. The purpose of this study was to identify the factors influencing EPs intention to retire early and to develop a probability equation for its prediction. Methods: A secondary analysis of data from the 2015 Korean Society of Emergency Physicians Survey was performed. The variables potentially influencing early retirement were organized into personal characteristics, extrinsic factors, and intrinsic factors. Logistic regression analysis was performed to identify risk factors and to develop a probability equation; these findings were then arranged in a nomogram. Results: Of the 377 survey respondents included in the analysis, 48.0% intended to retire early. Risk factors for early retirement included level of satisfaction with the specialty and its outlook, slanderous reviews, emergency room safety, health status, workload intensity, age, and hospital type. Intrinsic factors (i.e., slanderous reviews and satisfaction with the specialty and its outlook) had a stronger influence on early retirement than did extrinsic factors. Conclusions: To promote career longevity among EPs, it is vital to improve emergency room safety and workload intensity, to enhance medical professionalism through a stronger vision of emergency medicine, and to strengthen the patient-doctor relationship.

A Case Study on the Management for Mid-to Senior Age Human Resources of Enterprises following the Extension of Retiring Age Law (정년연장 법제화에 대응하는 기업의 장년인력관리 사례연구)

  • Oh, Ji-hyun;Lee, Young-min
    • Journal of Practical Engineering Education
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    • v.6 no.2
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    • pp.119-126
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    • 2014
  • The purpose of this study is to take a look at the cases on managing the senior human resources of business enterprises following the significant number of retirement of baby-boom generation and obligatory retirement age of 60 years of age and present the implication points in policies. With respect to the implication of the company, it would urgently require the introduction of programs with long-term point of view for career management strategy from the time of employment to the resignation, settlement of company leave system called chulhyang, expansion of wage peak system, full-time job transfer support center within the enterprise for retirement management, expansion of various consulting, conversion of paradigm on senior human resource management of top management in the enterprise level. In the government level, it is considered as required for systematic supplementation of the chulhyang system, improvement of support system for employment encouragement fund, expansion of national work capability standard-based senior employment field as well as task development, support for innovation of personnel management system, supply of management manual and implementation of job transfer education for life-time conversion period in the government level.

A Study of Pension Receipt Satisfaction According to the Preparation of the Living Cost for Aging: Focusing on Public Pensions (노후생활비 준비에 따른 연금 수급액의 만족도에 관한 연구: 공적연금을 중심으로)

  • Lee, Seung-Sin
    • Journal of Families and Better Life
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    • v.30 no.2
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    • pp.137-152
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    • 2012
  • The graying of populations is emerging as an international issue around the world, and this is a problem that is rapidly advancing in Korea as well, signaling the need for financial preparations for the aged. For this purpose, various retirement pension systems are being employed as preparatory measures for the nation's elderly. Using data from 1474 people in the 2007 panel study of National Security for the Retired, the present work attempts to look at satisfaction rates with regard to public pension receipts for the national pension and special occupational pensions according to general characteristics and factors related to the preparation for an aging society. Satisfaction with retirement pension receipts according to the type of pension was high for special occupation retirement pensions, individual retirement pensions and the national retirement pension, in that order. Looking at satisfaction rates based on the general characteristics of pension recipients, the study revealed that for the national pension, satisfaction was highest for groups with above-average physical and psychological health, groups who think appropriate living expenses for the elderly are lower, groups in which a partner also earns income, and groups who had amply prepared for their expected living expenses in later life. Regarding special occupation retirement pensions, satisfaction was high for groups over the age of 70, groups with good psychological health, and groups sufficiently prepared for their living expenses in later expenses, compared to groups for which these factors did not apply. In terms of the relative influences impacting retirement pension recipient satisfaction, satisfaction with the national pension was highest when the primary source to cover elderly living expenses was a resource other than income earned by the recipient and their partner and/or income received from children. Concerning special occupation retirement pensions, satisfaction was highest among those whose education terminated before middle school, and for those in good physical health. Based on the above results, it is vital that plans exist for preparing sufficiently for the living expenses of the elderly and for facilitating the physical and psychological health of pension recipients. Plans are also necessary to, ensure that citizens are provided with easily accessible educational programs and activities regarding general installment savings and deposits, stocks and bonds, real estate investments, individual retirement pensions, private insurance, severance pay pensions, and public pensions.

The Effects of Recognition of Retirement Responsibility on Financial Retirement Preparedness: Focusing on Moderating Effects of Income-level (노후준비에 대한 책임인식이 경제적 노후준비에 미치는 영향: 소득수준의 조절효과를 중심으로)

  • Kim, Jeungkun;Park, Eunju
    • 한국노년학
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    • v.40 no.4
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    • pp.639-657
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    • 2020
  • The purpose of this study is to analyze the effect of individual differences in recognition of retirement responsibility on financial preparedness for retirement and to examine moderating effect of income-level on the relationships between the two variables, using the 7th Korean Retirement and Income Study(KReIS). Two research methods, descriptive analysis and hierarchical multiple logistic regression(HMLR) analysis, have been conducted. The total number of sample was 3,869 subjects with an average age of 58.9 years and 55.3% males. The results show that only 35.8% of the respondents make financial plans for retirement, and 64.2% did not. Main findings are as follows. First, 65% of respondents take a responsibility for financial preparedness for retirement, compared to 37% in European countries. Second, people with responsibility for their own retirement are more likely to have a financial preparation for retirement than people who think others(family, society, government) have to take a responsibility for retirement instead of them. Third, there is a significant moderating effect of income-level on relationships between recognition of retirement responsibility and financial preparedness for retirement. As income level decreases, the moderating effect reduces the positive effect of recognition of retirement responsibility on financial preparedness for retirement and vice versa. Fourth, as income level increases and educational level is higher, the tendency to prepare financially for retirement is also increasing. Low-income and low-educated people are less likely to have a financial preparation for retirement than their counterparts. The findings suggest that it is necessary to design an effective incentive scheme for financial preparedness for retirement for low-income and low-educated people and to develop various policies and services to encourage them to prepare financially for retirement.

Analysis On the Retiring Baby Boomers' Impact on the Real Estate Market and How the Financial Sector Should Respond to the Resulting Changes (베이비붐 세대 은퇴로 인한 주택시장의 변화와 금융권의 대응방안 연구)

  • Jeon, In-Su;Min, Guy-Sik
    • The Journal of the Korea institute of electronic communication sciences
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    • v.6 no.6
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    • pp.921-928
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    • 2011
  • As the Baby Boom Generation continues to age and face retirement, they are expected to reduce the overall demand for housing and liquidate assorted assets, triggering significant changes in the real estate market. With that in mind, this report analyzes the characteristics and the asset structure of the average Korean Baby Boomer to better understand the impact their retirement will have on the real estate market and what actions the domestic financial institutions should take in response.

The Impacts of Household Work Participation and Shared Activities on Marital Relationship and Depression (남편이 은퇴한 부부의 가사노동 참여와 공유 활동이 부부관계와 우울감에 미치는 영향)

  • Kim, Su-Jin;Koh, Sun-Kang
    • Journal of Family Resource Management and Policy Review
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    • v.22 no.2
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    • pp.65-84
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    • 2018
  • This study analyzes the impacts of household work participation and shared activities between couples on marital relationship and depression among retired men and women with retired husbands. To investigate this, a survey of 367 married people is conducted on retired men and women with retired husbands. The influencing factors on the marital relationship of retired men are found to be couples' shared activities, gender role attitudes, and subjective health status. The marital relationship of women with retired husbands is influenced by shared activities by couples, the division of domestic labor, and gender role attitudes. The factors affecting retired men's depression are shared activities by couples, perceived health status, type of jobs before retirement, and age. Women's depression is related to household income, shared activities by couples, husbands' jobs before retirement, subjective health status, and division of household labor.