• The Journal of the Korea Contents Association
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• v.8 no.12
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• pp.264-274
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• 2008

Recently, as we move into aging society, it is important effective human resource management. This study is to explore the policy directions of the retirement management system for civil servant. To achieve this aim, the article focuses on the application of the aged retired employee who is competent. The major findings of this study could be summarized as follows; Firstly, retirement management is keeping at all times. Secondly, it is achieving custom-made retirement management. Finally, it needs building network system linked external organization. For this purpose, it makes a decision that develops a retirement management model and a management program in a society that is demographically aging.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.22 no.1
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• pp.65-75
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• 2014

While traditional benefit plan offers the same benefits to employees regardless of their needs, cafeteria benefit plan or flexible benefit plan allows staff to choose from a variety of benefits to formulate a plan that best suits their needs. Cafeteria plan options may include health and accident insurance, cash benefits, tax advantages and/or retirement plan contributions. In this paper, we analyzed conditions and problems of domestic firms' current benefit plans and draw a resolution by introducing cafeteria plan by investigating related previous studies, Specially we focused on A airline which is typical service firm and is regarded as one that benefit plan can be very influential to employees compared to other firms.

• 한국노년학
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• v.30 no.4
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• pp.1145-1161
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• 2010

The objectives of this study were to examine how social networks of old retirees impact on their retirement satisfaction, and through this, to suggest ways of improving their retirement satisfaction. Data used in this study were from 2006 KLoSA(Korean Longitudinal Study of Ageing), which were collected from 1,009 elderly people aged 65 and over who resided metropolis and smaller medium cities and answered regarding their retirement satisfaction. Data were analyzed by Binary Logistic Regression method. As a result, the frequency of contact with children, the number of participation in their social activities, and the satisfaction of relationship with children were the significant variables to predict retirement satisfaction. In addition, other variables such as gender, subjective health status, type of retirement, and duration of past retirement have been found as significant variables to explain retirement satisfaction. Implications for designing effective retirement plan and service systems have been discussed.

• The Journal of the Korea Contents Association
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• v.14 no.11
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• pp.438-449
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• 2014

This paper is aimed to study on residential choice after retirement. For this reason, this study is analyzed in three aspects ; the factors of residential choice, preferred house types and scales, the characterization of residential mobility. This study reached several conclusions. Firstly, Korea baby boomers are likely to select their residence with different factors after retirement, and they are likely to choose their residence in the view of comfort and convenience. Secondly, apartment resident ratio is shown to be reduced after retirement, and the preference for the country houses and town houses is shown to be increased. Thirdly, the baby boomers don't reduce their residential scale in batches, while they are to show a different appearance depending on the retention scale of housing. Fourthly, The 62.4% of Korean baby boomers is to plan move their residences after retirement, 52.3% of movers, more than half of them, is to go to the different residential area. Fifth, it is analyzed that different variables are to influence on the local and regional of residential mobility of the baby boomers in Korea.

• KIEAE Journal
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• v.10 no.5
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• pp.101-108
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• 2010

It is estimated that the elderly will constitute 24.3% of the entire Korean population in 2030, when about 7,125,000 baby boomers reach retirement age. Therefore, this aging phenomenon might be the most urgent issue facing Korean society. The baby boom generation shows a strong tendency to dispose of existing residences or move into new housing after retirement, thereby exerting enormous impacts on social and economic sectors as well as the housing market. Against this backdrop, this study aims to identify both factors and patterns behind baby boomer retirees' post-retirement housing transfer trends. To this end, a survey is undertaken here with respect to those baby boomers living in Gangnam-gu and Seocho-gu with actual housing transfer plans in the foreseeable future, and who can act as a practical consumer group for the future housing market. This study verifies baby boomers' diverse preferences for housing type. Their preference for apartment houses still remains high in every situation, and this has significant implications for changed preferences of other housing types considering that most of the survey respondents currently reside in apartment houses. According to the survey, there are more than 80 kinds of baby boomers' housing transfer patterns, which demonstrates that more than half of the survey respondents pursue different housing mobility plans. When it comes to the factors behind their housing selection, the baby boom generation shows a strong preference for physical factors. However, environmental and psychological factors gain more momentum under unfavorable circumstances, while social factors play a decisive role in their housing selection in categories such as 'couple/deteriorating health' and 'single/healthy'.

• Industry Promotion Research
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• v.9 no.2
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• pp.153-162
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• 2024

This study aims to provide basic data that can reduce middle-aged office workers' sense of mid-life crisis by investigating whether self-esteem moderates the effect of middle-aged office workers' retirement anxiety on their sense of mid-life crisis through gratitude. The survey subjects were 313 middle-aged office workers aged 40 to 65, and the data was analyzed using SPSS Win. Ver. 25 and SPSS PROCESS macro Ver. 4.1. Descriptive statistical analysis, reliability analysis, correlation analysis, and moderated mediation effect analysis were applied. The research results are as follows. First, retirement anxiety showed a negative correlation with gratitude and self-esteem and a positive correlation with midlife crisis sense. Self-esteem played a moderated mediating role in buffering the effect of retirement anxiety on the midlife crisis sense through gratitude. It was confirmed that the gratitude and self- esteem of middle-aged office workers can be used as important variables that can act as protective factors when retirement anxiety increases the sense of mid-life crisis. Based on these results, when middle-aged office workers' anxiety about retirement hurts their sense of mid-life crisis, this study proposed a plan to prevent the sense of mid-life crisis by utilizing gratitude and self-esteem.

• Korean Management Science Review
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• v.27 no.1
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• pp.45-60
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• 2010

This study evaluates life annuity plans based on two different types of measures : financial benefit and utility on consumption. The financial benefit is measured by Money's Worth (MW) ratio and return on annuity. For the measure of utility, an optimization problem is formulated with the objective of maximizing utility on consumption. To solve the optimization model, we use Dynamic Programming (DP) technique. The both types of measures are applied to cases of Korean pre-retirees at age 40 with different accumulation years of annuity (i.e. level of annuity asset at the age of retirement) and different timings of annuitization. Our results generally indicate that the utility based optimization model is superior to the financial measures in terms of providing a better evaluation of an annuity plan due to its capability to consider an individual's financial situation during his/her retirement period. Also, they suggest that the level of annuity asset is an important factor when an individual determines the optimal annuitization timing.

• Korean Journal of Social Welfare
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• v.57 no.1
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• pp.93-120
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• 2005

The purpose of this study is to examine how relatively young old men become old people after retirement and how they view their forthcoming old age. We interviewed the aspects of lives of the 10 relatively young old men to attain the purpose. According to the interviews, it was difficult to get a job after retirement in our society even though they wanted to do. This paper focuses on how the process of lowering their expectation to work happened, how they viewed their forthcoming old age during the process. One of the results showed that whenever they had failed to attain a job, they had been asked to lower their expectation of work. It seemed that their expectation to work became weak. But the process of exclusion of social role took away not only their expectation to work but also their plan for the future. As a result, the gap between an individual who wanted to be younger and the society which made them older made to decrease the degree of satisfaction.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.2 no.1
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• pp.83-108
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• 2007

This study conducted research over status of employment and living by collecting questions & answers from retired soldiers after service in ROK Army more than 5 years in last 5 years. As the methodology of this research, the status of employment has been provided from the Citizen Insurance Public Corporation, and conducted interviews for all individuals in addition to the receiving of questions & answers. Also, the statistic data prepared and submitted for Congressional Audit & Inspection from MND was also utilized for the purpose of research. In conclusion, the situation faced with retired soldiers after their retirement is showing the future of reflection of oneself to the personnel in active service who must do their best only for their duty to keep national security. If those personnel in active service are worrying about their future returning to civilian society after retirement, it will not only become an impediment to perform their duty but also bring invisible weakening of military power to defend our nation in result. This is the rationale for the necessity of providing support for social adaptation, reemployment and inauguration of retired soldiers.

• Journal of Distribution Science
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• v.13 no.11
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• pp.69-77
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• 2015

Purpose - Economic status at an early stage of life after one's retirement is often determined by the long-term sacrifice of one's earlier consumption tendencies. In general, the first and foremost way to secure income after retirement is through annuity savings. People sign up for personal annuity savings in order to guarantee a stable economic life upon retirement, and such actions may be heavily influenced by self-efficacy. Confidence in current economic activity is a source of rational decision-making. Inability to achieve self-control can lead to reckless spending and the eventual hindering of proper investment for the future. This paper examines how self-efficacy and self-control affect the intention and action of enrolling in an annuity savings plan in relation to one's level of financial literacy. Research design, data, and methodology - To analyze the proposed model, this study investigates financial consumers over the age of 20. The data were collected from 511 respondents and analyzed with SPSS 21.0 and AMOS 21.0. First, for the one-dimensional test and to measure the convergent validity of each structure, we use the scale purification process. The results of the test and the confirmatory factor analysis ensure the focus of the validity of the single dimension for each structure. In addition, the validity of the measurement was guaranteed from the results of correlation analysis. Results - First, self-efficacy and self-control have positive effects on the purchasing intention of the personal annuity savings plan. Second, purchasing intention positively affects purchasing behavior. Lastly, self-control has a positive effect on purchasing intention among the low financial literacy group, whereas self-efficacy does not have this effect in the high financial literacy one. Conclusions - The time of product benefit is different with age. The younger group would be granted the savings after several decades once they enroll, whereas the older group would wait for a relatively shorter period of time. Therefore, further research should be conducted in order to verify such a difference. However, this study has value through its confirmation that the roles of self-efficacy and self-control play a part in leading to the enrollment in annuity savings plans and by verifying different effects based on levels of financial literacy. Such results suggest a number of implications in a real life setting. First, banks need to put greater emphasis on the stability of annuity savings in general. Second, customers with relatively low levels of financial literacy are able to control their finances through annuity savings, but find self-efficacy difficult due to a lack of financial understanding. Therefore, such customers should be approached from an invest-effectiveness comparison method. Third, customers with high financial literacy tend to put more value in rational economic decision-making and behavior than in self-efficacy. Therefore, such customers should be approached by promoting the reliability of annuity savings and the excellence of the specific bank's annuity savings plan in comparison to those of other financial institutions.