• Title/Summary/Keyword: Retirement Status

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Factors Influencing Mental Health Status of Persons with Physical Disabilities (지체장애인의 정신적 건강상태 영향요인)

  • Lee, Eun-Won;Song, Ji-Young
    • Journal of Korea Entertainment Industry Association
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    • v.13 no.6
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    • pp.287-295
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    • 2019
  • The purpose of this study was to identify the factors affecting mental health status according to gender of persons with physical disabilities and to try their healthy life. Using the 6th Korean Retirement and Income Study, 333 persons with physical disabilities were included in the study. Descriptive statistics, t-test, and regression analysis were conducted to examine the general characteristics, instrumental activities of daily living, material support, and the effects on mental health status. There was no statistically significant difference in mental health status by gender, but there was a difference in Instrumental Activities of Daily Living and life satisfaction. In the case of males, instrumental daily activities performance, material support, depression, and life satisfaction were found to be influential. In the case of females, spouse, depression, and life satisfaction were factors affecting mental health status. Based on the results of this study, we will be able to understand persons with physical disabilities and use them as a basis for developing mental health promotion programs.

Financial Literacy and Financial Preparedness for Retirement among Middle Aged North Korea Defectors: Using a Path Analysis (중장년 북한이탈주민의 금융이해력과 노후금융준비에 대한 경로분석)

  • Kim, Jeungkun;Kim, Hyo Ju
    • 한국노년학
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    • v.38 no.2
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    • pp.291-308
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    • 2018
  • The purpose of this study is to analyze the factors influencing financial preparedness for retirement of the middle-aged North Korean defectors (resettling in South Korea) using concepts of 'financial literacy' and 'financial inclusion'. Those questioned were 100 North Korean defectors of 40-60 years-old residing in Seoul and Gyeonggi-do Province selected by convenience sampling, one of the non-probability sampling. Path analysis is used as a main analysis method. The results of the study show a direct effect in which increased financial literacy resulted in better financial preparedness for retirement among middle-aged North Korean defectors at a statistically significant level. In addition, by boost-trapping method, financial inclusion has its mediating effect on the relationship between financial literacy and financial preparedness for retirement. However, this study shows that influence of financial literacy on financial preparedness for retirement is different across economic statues. The mediating effect of financial inclusion on the relationship between financial literacy and financial preparedness is statistically significant only for the low-income group. Meanwhile, for the above average income group, financial literacy has a direct effect on the financial preparedness after retirement at a statistically significant level. Based on these results, this study suggests practical and policy implementation such as necessity of customized financial education suited to their economic status, development of financial instruments for retirement, introduction of financial social workers to prepare stable old age of North Korean defectors.

The Effect of Human Capital and Social Capital on the Health Status of the Elderly (중고령기 건강에 대한 인적자본과 사회자본의 효과)

  • Seo, Ji-Won
    • Journal of the Korean Home Economics Association
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    • v.44 no.10
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    • pp.133-144
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    • 2006
  • The purpose of this study was to examine the effects of human capital and social capital, including employment status, education, income, social supports, and social participations, on the health status of the elderly aged over 50, after controlling for various demographic variables. Data were from the 6th wave of the Korean Labor and Income Panel Study(n=3,459). The major findings of this study were as follows: First, human capital and social capital were both resources that can contribute to improving the health status of the elderly aged over 50. Second, the effects of human capital and social capital on the health status of the elderly differed in the three subsamples defined by employment status. Based on the empirical results, policy implications were provided.

A multi-state model approach for risk analysis of pensions for married couples with consideration of mortality difference by marital status

  • Stefani, Anastasia;Kwon, Hyuk-Sung
    • Communications for Statistical Applications and Methods
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    • v.28 no.6
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    • pp.611-626
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    • 2021
  • Marital status has been identified as an important risk factor affecting adult mortality. Many studies have found that marriage has positive effects on mortality and increases life expectancy. Since most pension contracts providing retirement income are provided to married couples, mortality assumption for actuarial valuation based on the entire population is likely to overestimate the actual mortality of the group of beneficiaries specified in the contracts. This study considered the differences in mortality according to marital status to analyze the length and value of the payments of a typical pension contract for a married couple. The study quantified the effect on actuarial measurements of considering marital status in mortality assumptions with a multi-state model framework using Korean experience mortality data organized by marital status. The results of analysis indicate that considering marital status in mortality assumptions improves mortality risk management.

A Study on Korean Retirees' Life Satisfaction with a Focus on Gender Differences (남녀 은퇴자의 은퇴전이 경험과 생활만족도에 관한 연구: 젠더차이를 중심으로)

  • Sung, Mi-Ai;Choi, Sae-Eun
    • Journal of the Korean Home Economics Association
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    • v.48 no.9
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    • pp.13-25
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    • 2010
  • This study examined the effects of individual, family, and career characteristics on retirees' life satisfaction and investigated the interactive effect of gender on the relations between retirement and life satisfaction. Data were drawn from 2 waves of Korean Retirement and Income Study (KReIS). The analytic sample included 158 retired men and 145 retired women in the second wave and all of whom had worked at the first wave. The results indicated that psychological and physical health conditions significantly affected retirees' life satisfaction. Also, family characteristics in terms of a spouse's work status and children's developmental stages, such as marriage and employment, influenced retirees' life satisfaction. Financial support from adult children living elsewhere also significantly affected retiree's life satisfaction. The interaction effect of gender was only found in effects of living arrangement (living alone/with a spouse vs. multiple generations living together) on retirees' life satisfaction.

The Fundamental Study for Development and Planning of Korean Style Continuing Care Retirement Communities - With Focused on Case Study in Korea - (한국의 연속보호체계형 노인주거환경(CCRCs)의 개발 및 계획을 위한 기초적 연구 - 한국사례를 중심으로 -)

  • Kim, Mi-Hee;Oh, Ji-Young
    • Journal of the Korean housing association
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    • v.25 no.5
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    • pp.93-102
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    • 2014
  • This study aims to develop the Korean types of continuing care retirement communities (CCRCs). CCRC is well evaluated as a residence that applies aging-in place concept, which is ideal for senior housing. Recently, in USA the CCRCs in which the increasing seniors' population and older households are guaranteed to get continuous protection without moving regardless of their deteriorating health are increasing. In Korea, CCRCs have emerged but not well developed in status quo. We conducted case study using three facilities located at Seoul and its suburbs in Korea to compare five categories such as application of 'aging in place' concept, location, architectural features, services or programs, and management. This study is expected to be used basic materials for CCRCs' complex and architectural planning, management strategies, and services or programs.

Study on Health Predictors of Early Retirement of Middle-aged and Elderly Workers in Korea: Proportional Hazard Model Analysis by Employment Type (중·고령자의 건강 악화가 조기은퇴에 미치는 영향 연구-근로형태 별 비례위험모형 분석)

  • Chung, Jongwoo
    • 한국노년학
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    • v.37 no.4
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    • pp.871-891
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    • 2017
  • The purpose of this paper is to reduce the reverse-causality and overestimate bias of analysis on how health affected middle-aged and elderly worker's early retirement. From the Korean Longitudinal Study of Ageing(KLoSA) panel data, I researched 1,049 people who were 45-52 years old in 2006. To eliminate the reverse-causality problem, I used the health data which is surveyed before retirement. To reduce bias, I controlled the health status when retirees worked. The main results are as follows. First, the worsened health still affects the hazard of early retirement, with reducing the endogeneity problem. Second, chronic illness is one of the strong predictors of early retirement to self-employed, and self-reported bad health is the main health predictor of wage workers. These results give two implications; first, the impact magnitude of the health indicator depends on employment type. Each employment type has different flexibility of working hours. It seems that the flexibility can reduce early retirement hazard with health problems. Self-employed, who has more flexibility of working hours can work until they have to stop working due to the serious health problem or doctor's advice. Second, to promote middle-aged and elderly workers to keep working, the long-term health policy which decreases chronic illness is needed.

The Gender Division of Housework in the Choson Period as Expressed in Genre Painting (조선시대 가사노동의 성별분업: 풍속화 분석을 중심으로)

  • Kim, Sung-Hee;Lee, Ki-Young
    • Journal of Family Resource Management and Policy Review
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    • v.11 no.3
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    • pp.1-21
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    • 2007
  • The purpose of this study is to investigate the gender division of housework in the Choson period. The gender division in the Choson period has been considered as discriminative because women had to remain indoors and were excluded in social works. But in fact the Confucian idea, which regulated the relation between women and men, emphasized the gender difference and not gender discrimination. Actually it can be seen in genre painting of Choson period that women and men worked complimentarily indoors. So this article intends to explore the possibilities of the new analysis of the traditional gender division of housework by reviewing the paintings. As the results indicate, men in the Choson period were involved in some housework, in contrast to the common idea that they maintained their authority by not participating housework. There is also some evidence that gender division benefited women to protect their own productive territory or to satisfy their needs. So it is suggested that gender division in the Choson period should be considered as a source of power as well as a disadvantage to women. Forth, the employed mens' reemployment decision was affected from their household income, expected income after retirement, pension ownership, and attitude toward retirement. From the findings, it can be concluded that the employed mens' age, economic status, and attitude toward retirement played a important role in the process of retirement and reemployment decision making.

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Proposal Strategy and Performance Analysis of Electronic Human Resources Management Pilot Project (건설근로자공제회 전자인력관리(전자카드제)시범사업 성과 분석 및 추진전략 도출)

  • Kim, Inchie;Chin, Sangyoon;Kim, Seongah;Kim, Yeasang;Lee, Sangjun;Park, Soohun
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.4
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    • pp.3-11
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    • 2018
  • The Construction Workers Mutual Aid Association is carrying out a number of strategic tasks with the goal of "contributing to improving employment and stabilizing the return of workers to construction workers through employment welfare and retirement deduction services." One of them is the retirement deduction system. The retirement allowance system is a system for the retirement income and livelihood security of construction workers who are not adequately protected by the Labor Standards Act, such as retirement allowances due to the nature of day labor. The Construction Workers Mutual Aid Association has promoted the introduction of electronic manpower management. For the efficient management of the pilot sites and the plans for the future, comprehensive evaluation of the pilot sites as well as the evaluation of the status and operation results of each pilot project site are needed. Therefore, in this study, we will develop performance indicators to evaluate the current state of electronic manpower pilot projects and analyze the actual situation of pilot project sites through actual application, and try to derive future implementation strategies.

The Impact of Retirement on Psychological Well-Being of the Elderly (은퇴가 노인의 심리적 안녕에 미치는 영향)

  • Yoon, Hyunsook;Lee, Mi Jin
    • 한국노년학
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    • v.27 no.2
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    • pp.393-408
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    • 2007
  • This study examines the impact of retirement on psychological well-being of the elderly and identifies whether associative factors of psychological well-being differ between retired and non-retired persons. Psychological well-being is measured by the PGCMS developed by Lawton. The sample includes 1,625 older adults aged 60 and over, which derived from the cross-sectional data of the "Aging and the Quality of Life of the Elderly in Korea: A Longitudinal Study" living in Seoul and Chuncheon in 2003. Multivariate OLS regression results show that retirement is not associated with psychological well-being after controlling socio-demographic characteristics, economic status, health status, family and social relations, participation in social activities, and satisfaction with hobbies and learning needs. Also, associative factors of psychological well-being differ between retired and non-retired persons. For retired persons, greater social activities and higher satisfaction with hobbies are associated with the higher level of psychological well-being whereas higher satisfaction with learning needs has a positive relationship with the higher level of psychological well-being for non-retired persons. Discussion and implications of the findings are presented, and limitations of this study are acknowledged.