• Title/Summary/Keyword: Retirement income

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A Study on the Effect of Social Support for Middle-aged and Older People on Strategy of Coping Stress (중고령자의 사회적 지지가 스트레스 대처방식에 미치는 영향)

  • Lim, Ahn-Na;Park, Young-Suk
    • The Journal of the Korea Contents Association
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    • v.17 no.3
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    • pp.319-328
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    • 2017
  • This study has used the Korean Retirement and Income Study 5th Additional Data of National Pension Research Center and adopted 7,763 people aged 50 or older as research subjects. Research into correlation between social support and ways of coping stress among these subjects have revealed that the higher the social support is, the more frequently they use active coping, passive coping, and social support coping and that the lower the social support is, the more frequently they use evasive coping.

Impact of leisure activity on the leisure economy of Korean baby-boomers (베이비부머 세대의 여가활동 특성과 여가경제에 미치는 영향)

  • Jeong, Young-Keum;Yoon, So-Young
    • Journal of Family Resource Management and Policy Review
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    • v.18 no.3
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    • pp.61-77
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    • 2014
  • Purpose of this study is to draw policy implications for family resource management's strategies and leisure culture revitalization to Korean baby-boomers. This study review leisure activities characteristics of Korean baby-boomers and find their characteristics' impact on leisure economy. This research analyzed with raw data of "National Research Leisure Activities 2012" in different methods: analysis of frequency, multiple regression analysis, Correspondence Analysis, and etc. As a result, compared to all age groups in Korea, Korean baby-boomers current participation in leisure activities is low, but their expense on leisure is high. Their leisure activities are varied from different genders to their incomes. Especially, baby-boomers, who are on high income, participate in wasteful leisure activities and their consuming behavior will be the mainstream of Korean leisure economy, so economy, which is aiming for baby-boomers, will be invigorated when the economy is more concerned with use values toward time. Particularly, preparing for the retirement of baby-boomers, further researches based on integrated family policy should be considered plans and efforts on encouraging active volunteer works and participation in leisure culture revitalization of Korean baby-boomers.

An Empirical Analysis on Housing Wealth and Household Consumption of Home-owning Pre-retirees and Older Adults (예비은퇴기 및 노년기 자가소유 가구의 주택자산이 소비지출에 미치는 영향 분석)

  • Lee, Hyunjeong
    • Journal of the Korean housing association
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    • v.28 no.1
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    • pp.83-93
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    • 2017
  • This research intends to find out the impact of housing wealth of home-owning pre-retirees and older adults consisting of young-old, middle-old and old-old groups on their household consumption. In doing so, this research analyzes 2,350 home-owning households by utilizing the 17th Korean Labour and Income Panel Study (KLIPS). The results show that housing wealth has a statistically significant effect on non-durable consumption of the pre-retirees, and young-old and middle-old groups of older adults, and housing wealth has a much stronger effect on household expenditure than does financial wealth or real estate. It's found that the consumption elasticity is particularly greater for female-headed households living in SMA, residing in apartments, holding a lower debt-to-asset ratio and being a pensioner. The empirical findings imply that the old-old group of older adults is unlikely to actively tap into their housing windfalls since housing asset becomes the last to dispose in the course of an individual's life. As housing wealth effects are especially strong when liquidity constraints faced by older adults are removed, it's of significance to substantially reduce household debt before retirement in order to constantly maintain an adequate level of household consumption or to promptly prepare for future contingencies.

The Effects of Social Capital on the Economic Satisfaction of Korean Retirees (은퇴자의 경제적 만족도에 대한 사회자본의 효과)

  • Jang, Youn-Ju;Seo, Ji-Won
    • Journal of Family Resource Management and Policy Review
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    • v.15 no.1
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    • pp.29-49
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    • 2011
  • Social capital theory provides a robust framework for analyzing economic well being. The purpose of this study was to investigate the effects of social capital on the economic satisfaction of retirees in Korea. The data from the first wave of KLoSA(Korean Longitudinal Study of Aging) were used(n=1,628). SPSS 12.0 was used for descriptive statistics and multiple regression analysis. The major findings were as follows: First, after controlling for gender, age, region, housing tenure, and personal income, the social capital of the retirees, including cognitive social capital(trust and reciprocity) and structural social capital(emotional and economic familial support, and a well-developed social network), contributes to increases in their economic well-being. Second, the degree of effect social capital has on well-being varied by gender and age; the effect was also different according to gender, regardless of the person's age. These empirical results provide a basis for the institution of policies that help bolster economic wellbeing for retirees by creating conditions that increase social capital in this group.

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Factors affecting the life satisfaction of unmarried one-person households according to marital experience (결혼경험 유무에 따른 비혼 1인 가구의 생활만족도에 영향을 미치는 요인)

  • Kang, Sohyun;Park, Jeoung Yun
    • Journal of Family Resource Management and Policy Review
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    • v.24 no.1
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    • pp.21-39
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    • 2020
  • The purposes of this study were to identify the factors that affect the life satisfaction of unmarried one-person households and to examine how these factors influence this population. This study targeted 308 unmarried one-person households. The results found the following: one-person households without marriage experience had higher levels of job stress than one-person households with marriage experience, and the level of differentiation of family projections was lower; the overall level of life satisfaction was higher in one-person households without marriage experience than in one-person households with marriage experience; in one-person households without marriage experience, higher life satisfaction correlated with higher levels of self-integration, family projection processes, and family retirement differentiation, and lower job stress, which was correlated with higher self-control ability, higher evaluation and higher material support; and life satisfaction was found to be higher in unmarried one-person households that received more information and had a lower age, lower job stress, and higher monthly income. This study contributes to the literature in that it explores how marital experience interacts with demographic variables, occupational factors, psychological factors, and social support factors and consequently affects the life satisfaction of unmarried one-person households.

A Study on economic preparations for aging of middle-old aged women (중고령 여성의 경제적 노후준비에 관한 연구)

  • Park, Hyo-Jin
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.10
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    • pp.6618-6626
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    • 2015
  • This study was designed to explore the factors affecting economic preparations for aging of middle-old aged women. Using fourth Korean retirement and income study panel data of National Pension Reacher Institute. The researcher explored the characteristics of preparation for the old age life who middle-old aged women and analyzed the factors affecting economic preparations for aging of middle-old aged women. The results were as follows. The the factors affecting economic preparations for aging of middle-old aged women were education level, subjective health status, a number of adolescent children(14-19), a number of adolescent children(20-39), public pension, financial asset and debt. On the basis of this results, suggestions for policy were offered.

Critical Assessment of Productive Welfare and Several Policy Alternatives (생산적 복지정책의 평가와 향후 정책과제)

  • Cho, Woo Hyun
    • Journal of Labour Economics
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    • v.24 no.2
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    • pp.163-196
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    • 2001
  • This paper is a critical assessment of 'productive welfare policy' of the Kim Dae-jung adminstration and I tried to make several recommendations as alternatives. Quite contrary to concept of 'productive' welfare, which promotes less government intervention and more market-friendly approach, the Kim Dae-jung adminstration seems to have been moving in the opposite direction. As alternatives, I suggested i) work-fare rather than cash assistance, ii ) Employment Insurance Account to cover non-regular workers, iii) Medical Savings Account for minor medical services to reform medical insurance, and iv) enhancement of labor market flexibility by abolishing mandated retirement allowances in Korea I finally proposed the tuition and fellowship support program to the low-income group to enhance their economic status in a knowledge-based society.

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Influence Factors on Health and Medical of Retirees Expense to Public Pension Recipients (공적연금유형에 따른 은퇴자들의 보건의료비지출 결정요인)

  • Choi, Ryoung;Hwang, Byung Deog
    • Health Policy and Management
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    • v.25 no.2
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    • pp.80-89
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    • 2015
  • Background: This study aims to identify the monthly average medical expenses of public pension recipients, and analyze the determinants of total health and medical expenses and Western and Oriental medicine expenses, medical service expenses, and medical supplies expenses. Methods: This study used the fifth year data of 2013 out of the raw data of the Korean Retirement and Income Study collected by the National Pension Research Institute. This study conducted t-test, analysis of variance, and linear regression to verify publicly the relevance between pension recipients' general characteristics and health and medical expenses status using IBM SPSS ver. 21.0 for data analysis. Results: It was analyzed that there is a difference in the spending of expenditure and health care costs according to public pension recipients. Medical expenses of the national pensioners was higher compared to the special corporate pensioners. The national pensioner is related expenditure size, education level, family members living together, residential areas, status of spouse, number of chronic illness, and status of limitation in daily life with psychological health status. Conclusion: Therefore, fairness does not occur fire to the medical use between the special corporate pensioners and national pensioners, aggressive of government such as health policy and financial support for the retiree pension policy that reflects the reality intervention would be required.

A Study on the SociodemographicCharacteristics and Life Satisfaction of Family Caregivers

  • Lim, Ahn-Na;Park, Young-Suk
    • International journal of advanced smart convergence
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    • v.7 no.3
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    • pp.140-145
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    • 2018
  • This study is based on the National Pension Research Institute's 2013 Korean Retirement and Income Study(KReIS) 5 Data for Parents and Children Care over 50 years old and analyzed the satisfaction level of life according to the characteristics of 226 people in society. The results showed that women were more satisfied with their lives than men, and when the age was lower, when they had spouses, and when they had independent economic power. As for the grandchildren caring provider, the higher the education levels, the higher the satisfaction with life. And across all areas, the grandchildren care provider showed greater satisfaction with life than the parents care provider. These results show that the burden of the parents' carers is as great as that. Suggestions based on these results are as follows. First, It is necessary to develop a health care program that can be easily accessed by family carers. Second, Direct economic support is needed, with the primary focus being on family carers. Third, services targeting parents care providers are needed. It is also necessary to form a network that can share the difficulties of parental care.

The Estimate of the Living Cost for the elderly Couple (노인부부가계를 위한 노후 월평균 생계비 산정 - 최저생계비, 표준생계비, 유락생계비의 산정 -)

  • 이선형;이연숙
    • Journal of the Korean Home Economics Association
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    • v.40 no.4
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    • pp.139-152
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    • 2002
  • This study was performed to estimate living cost for the elderly couple living in a city in Korea. Living cost means expenditure per month for elderly couple. It was assumed that the elderly couple will need different living cost according to their circumstances. The circumstances are health status, retirement status, and the level of living they want. The subjects were the elderly couple households over the age 65 of household head. Total number of subject was 1,649 households. Used data was Annual Report surveyed by National Statistical Office on the Family Income and Expenditure. Analysis of data was done through frequency, percentage, means, median using SAS Program. The results of this study were as follows: Their standard living cost was 844,980 won by pure relative standard line and 842,300 won by quasi relative standard lines. And minimum living cost was 713,400 won by the former, by the latter was 557,600 won (3/2 of median). And abundant Living cost was 1,068,020 won by the former, by the latter 1,263,450 won. The living cost of elderly households was about 81-83%, comparing with non-elderly households. Among the item of expenditure, the proportion of housing and medical care cost was larger than any other items.