• 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.

• International journal of advanced smart convergence
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• v.10 no.3
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• pp.113-121
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• 2021

This study was conducted on 1,174 retirees in their 50s and 60s nationwide using the 7th data of the National Pension Service's National Elderly Security Panel Survey. We were able to confirm the following results through the SPSS WIN 18.0 program.. First, men showed a higher level of education than women. From these results, it is expected that men will be better prepared for retirement. Second, men had spouses and two or more household members than women. According to previous studies showing that men are better prepared for retirement if they have a spouse, it is expected that men are better prepared for retirement. Second, 38% of men and 62% of women were voluntary retirees. Third, both men and women responded that their own and spouses should play the main role in preparing for retirement. Fourth, both men and women had very low rates of preparation for old age, economic independence, and public and private pensions. Among them, women were lower than men. Fifth, economic problem solving, health, and medical care were the priority as parts to be done for retirement in oneself and society. Based on these results, the directions for preparing retirees for retirement are as follows. First, education on wage peak system, retirement age extension and financial management for involuntary retirees is required, and guidance and management methods on health care and disease should be provided to address needs for health and health care. Women had more voluntary retirees than men, and they need to know why. Second, when both men and women are very poor at preparing for retirement, there should be job creation measures to ensure that they and their spouses are fully prepared for retirement.

• Journal of Family Relations
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• v.21 no.2
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• pp.77-96
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• 2016

Objectives: The aims of this study are to examine the associations between marital satisfaction and life satisfaction among Korean retirees in later life and to test whether the degrees of associations increased over time. Method: Nationally representative Korean Longitudinal Study of Ageing data from wave 1 (in 2006) to wave 4 (in 2012) was utilized and retirees in later life (65-89 years old, N=402) were analyzed. Latent growth modeling (LGM) and model constraint were applied using Mplus 7.3. Age, sex, household income, subjective health, depressive symptoms and elapsed time after retirement were included as control variables. Results: Linear unconditional LGM fitted the data well and showed gradual decrease in life satisfaction. Conditional LGM revealed significant associations between marital satisfaction and life satisfaction from time 1 to time 4. According to model constraint test, the size of associations between marital satisfaction and life satisfaction did not change with time. Conclusions: To sum up these results, the associations between marital satisfaction and life satisfaction were significant and relatively stable over time among retirees in later life. This study suggests one's spouse is a fundamental component of social convoy among Korean retirees in later life. Therefore, intervention programs targeted toward enhancing marital relationships among retirees' couples will help them to live a better life.

• Journal of Convergence for Information Technology
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• v.11 no.3
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• pp.205-211
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• 2021

This study utilizes PhotoVoice, a qualitative research method, to explore the life experiences of retirees by age in depth and derive the social welfare implications required for successful aging of retirees. Two participants in the study were selected in their 70s, 60s, and 50s, and 24 photos, explanations, 44 stories, and 92 data collected through group activities and personal interviews were analyzed. With the perception of successful aging, those in their 70s were "Preparing for a High Level of Social Responsibility and Dignity," those in their 60s were "Life of Social Responsibility and Service with Embarrassment and Boeun," and those in their 50s were "Life of Self-reliance with Economic Stability and Consideration." In order to prevent social problems for retirees with longer old age, research and social welfare policy support for their social jobs and volunteer positions are urgently needed, and the sooner the preparatory education is implemented so that they can prepare enough. This study is significant in that it played an important role in presenting basic data for the preparation of social welfare alternatives for retirees.

• Journal of Family Resource Management and Policy Review
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• v.17 no.4
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• pp.189-213
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• 2013

The purpose of this work is to explore different types of intergenerational relationships in the later lives of old retirees. This will be done according to the eligibility of public pension and the old age social security system so that the factors affecting intergenerational relationships can be analyzed, and to propose a plan to improve social adaptation in later life. The data used in this work are the Fourth basic survey data of the 2011 Korea Retirement and Income Study. The study subjects of this work were 2,435 retirees over age 65 who had children. In this study, latent class analysis and logistic regression analysis were conducted to classify types of intergenerational relationships and to analyze the influence of relevant factors. As a result of the analysis, some of those in the group were eligible for public pension, and the ones who were not were classified into three types: the closely-living-together type, the separate-living-contact type, and the estrangement type. In the group not eligible for public pension, it was found that age, spouse, number of children, economic factors, and level of health satisfaction gave significant power to intergenerational relationships. In the group eligible for public pension, it was found that age, income and net assets, ADL(Activities of Daily Living), whether there was an IADL(Instrumental Activities of Daily Living) spouse, and number of children affected types of intergenerational relationships; Socio-demographic factors, economic factors, and healthy factors became significant variables according to the classified types of intergenerational relationship. Based on the study results, this work suggested such necessities to lay the foundation for an elderly welfare system for social adaptation in later life, This includes the offering of programs for retirement preparation, the use of family and local society resources, and expansion of the opportunity to participate in social activities.

• Journal of the Korean Society for Library and Information Science
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• v.43 no.2
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• pp.253-275
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• 2009

The purpose of this research is to investigate if bibliotherapy is effective for the retirees suffering from depression and enervation caused by early retirement in order to help them to accept their situations positively, lessen their illnesses and actively live new lives. The study used 15 people and executed 1:1 interview investigation among early retired employees from 45-years old to 56-years old. They were all inhabitants of the Kunsan area and visited the S University library, and used the S University library conference room for bibliotherapy. A. T. Beck's 'Beck Depression Inventory' (BDI) was used to collect the data for this research, and the before- and after-data analyses were performed.

• Journal of Digital Convergence
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• v.19 no.11
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• pp.31-38
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• 2021

The use of professional retirement personnel who have largely left their economic activities due to the retirement of baby boomers is a modern task and is emerging as a social issue. This study aims to explo re the perception of professional retirees' overseas volunteer experience as NGOs and seek ways to utilize pro fessional retirement personnel. This study is a qualitative study using photo-voice, and the participants in the study are retirees of retirement age from professions with experience in NGO overseas service. Data were collected through group activities and individual interviews, and data were analyzed using participatory analysis and subject analysis. The perception derived from the study was that NGO overseas service is the best job to be safe and raise the national status, and that information on this is wanted to be provided in retirement education. In conclusion, retirement education for the expansion of NGO overseas service was conducted not only in public enterprises but also in general workplaces to discuss ways to prepare before retirement, and the operation of the Retired NGO Overseas Volunteer Information Service Center was suggested. This study is meaningful in presenting basic data for preparing alternatives to social welfare policies in old age after retirement through the recognition of the experience of professional retirees in overseas NGO service

• 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.12
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• pp.753-763
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• 2014

After retirement, retirees are exposed to many changes. But, one of the most influential factor on retirement is Social network. Social network is making various relationships with many people. This consists of functional feature and structure feature. This study to systematically investigate social network changes of pre- and post-retirement by using two features. We utilized 2008~2012 'Longitudinal study of ageing' and selected 1,569 retirees above 45 years old as a final subject. This study used STATA 12.0 program for analysing frequency and descriptive statistic. At first, we analyzed personal characteristics and affecting factor on social network of retirees through Panel logit model and fixed effects regression model. Second, we applied multiple panel logit model and fixed effects model to learn factor affecting employment and social network changes. We found that a number of social activities affects social network in the structure feature and support from sons and daughters also influences social network in the functional feature after retirement.

• International Journal of Advanced Culture Technology
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• v.10 no.3
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• pp.33-38
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• 2022

Gyeongsangnam-do needed an employment stability response policy to induce re-employment of job seekers who retired due to large-scale unemployment and job instability following the employment crisis, and stable settlement and long-term employment after new employment.This study is to confirm the effective corporate support policy as an employment promotion strategy through new recruitment of the employment crisis in Gyeongsangnam-do. A total of 380 companies in Gyeongsangnam-do were targeted for the survey through online surveys and in-person surveys. As a result of the study, as a measure to improve working conditions through financial support for long-term employment stability, first, support for youth-middle-age asset formation of SME workers is required, and second, support for old-age income guarantee for SME workers was proposed. Third, direct corporate subsidies are continuously needed for job promotion and job stability of Gyeongsangnam-do companies.