• Title/Summary/Keyword: preparation of retirement

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Effects of the Occupation and Activity Nature of the Middle-Aged on Retirement Preparation (중년층의 직업특성과 활동특성이 은퇴준비에 미치는 영향)

  • Shin, Gye-Soo;Cho, Sung-Sook
    • The Journal of the Korea Contents Association
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    • v.11 no.11
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    • pp.296-312
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    • 2011
  • Korea has been suffering from financial hardship with low birth rate and rapid growing of advanced aged people because low economic growth and low interest rate have continued after IMF foreign-exchange crisis. Under these circumstances, it is necessary for the middle-aged people to have well-prepared retirement plan in the sense of physical, psychological, social and economical preparedness. The study intends to find out how the occupation and activity characteristics affect the physical, psychological, social and economical preparation for their remaining old age. For the purpose, questionnaires were collected from 344 middle-aged people working in private companies, public offices and small-business owners in metropolitan and Chungcheong province. The findings are as follows: First, they were physically well-prepared, as they thought their leisure activity was more important, their occupational role was more stable and they were old and healthy. Second, Women had notion about their occupation if they kept a good relationship with their colleagues. And they were psychologically prepared well as they valued their leisure activities. Third, if they perceived their occupations as stable and had more social and leisure activities, they were socially well-prepared. Fourth, Although the level of economical preparation depends on their wealth, the occupation and activity characteristics had no effect on the economical preparation. These findings imply that the retirement preparation as a recent social issue has been influenced by the nature of occupation and activity and suggest that the definite policy and program will be required for the retirement preparation of the middle-aged people from various aspects.

Effects of the Work Satisfaction and Quality of Life of the Middle-aged Workers on Retirement Preparation (중년층 직장인의 직무만족과 삶의 질이 은퇴준비에 미치는 영향)

  • Hong, Ryung Kee;Lim, Wang-Kyu
    • Journal of Digital Convergence
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    • v.12 no.11
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    • pp.33-48
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    • 2014
  • The purpose of this study was to investigate the relationships among the work satisfaction and quality of life with retirement preparation of middle-aged workers. Data from 283 subjects were collected and analyzed. The findings are as follows. First, people with higher quality of life tend to care more on health planning. Second, financial planning has nothing to do with quality of life, whereas self-respect has a positive effect on all the other indicators for retirement preparations except financial planning. Third, retirement preparations has not been affected by work satisfaction. The theoretical and practical implications of the findings were discussed and the directions for future research were suggested.

The Impact of Real Estate Value Changes on Retirement Preparation : Focusing on Private Pensions (부동산의 가격변화가 노후준비에 미치는 영향 : 사적연금을 중심으로)

  • Kim, Dae Hwan;Lee, Dong Hyun
    • Korea Real Estate Review
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    • v.28 no.3
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    • pp.53-64
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    • 2018
  • OECD countries have been stimulating private pensions instead of public pensions because the financial stability of public pensions has been threatened by the aging population. Korea, which has the fastest aging population in the world, has been following the recommended policies of major countries. Unlike major economies, however, most of Korea's household assets are composed of real estate assets. Due to the economic and social importance of real estate assets in Korea, the wealth effect of real estate has been used as a major tool in macroeconomic policy. This study analyzed the effect of real estate value changes on the contribution of private pensions (personal pension + retirement pension). Utilizing a two-way, fixed effect model with the balanced panel data of the National Survey of Tax and Benefit, empirical results presented that the private pension contribution increased by 0.171% when the value of real estate increased by 1%. Thus, real estate value changes were analyzed as positive for retirement preparation through private pension. These results suggested that if the real estate market would shrink in the future, consumption would decrease, and the degree of preparation for retirement might be smaller.

The Effects of Health Status and Retirement Preparation on Aging Anxiety in Middle-Aged Workers (중년직장인의 건강상태, 노후준비가 노화불안에 미치는 영향)

  • Jun, Ho-Sun;Ju, Hyeon-Jeong
    • Journal of Digital Convergence
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    • v.17 no.11
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    • pp.315-325
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    • 2019
  • The study attempted to examine the structural model of the effects of health status and retirement aging anxiety on middle-aged workers. The subjects were collected from 263 40-59 year old middle-aged workers who work at three institutions in C and G cities. Results First, the variables affecting aging anxiety were aging preparation and health status, and these variables accounted for 52% of aging anxiety. Second, health status had a significant effect on retirement preparedness, and there was a significant indirect effect on aging anxiety through retirement preparedness. There was a partial control effect due to the difference in the path coefficient between health status and aging anxiety in the multi-group moderating effect of 40~49 and 50~59 years. Therefore, in order to reduce aging anxiety, it is important to find ways to prepare for various retirement, and a systematic management system is necessary.

Research on the Differences of Perception on Retirement between Middle-aged Men and Women -Focusing on the Baby-Boom Generation- (우리나라 중년 남성과 여성의 노후에 대한 인식차이 연구- 베이비 붐 세대를 중심으로-)

  • Cho, Sung-Sook;Suh, Hoon
    • The Korean Journal of Community Living Science
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    • v.22 no.4
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    • pp.705-717
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    • 2011
  • This research was based on surveys about differences of perception on retirement among the babe-boomers. Middle-aged men and women in their 40s' and 50s' residing in metropolitan areas centering around Seoul were the main targets for the surveys. Results indicated meaningful differences between men and women in the level of percection and expectation about their retirement. More specifically, men noted physical health, economic sufficiency and work as significant factors for happy retirement. Women, on the other hand, answered economic sufficiency first, and then physical health and relationship with spouse as the important variables for retirement. In addition, men and women portrayed different expectations for difficulties of retirement. Based on the survey results, this research proposed possible national, social, corporate, and individual approaches for secure retirement of the middle-aged baby-boom generation.

A Study on the Urban Housewives. Economic Preparation for their Retirement Planning based on the Attitudes of their Personal Asset.s Management and Perception on it (도시주부의 자산관리태도.자산적정인지도에 따른 노후경제대책수행에 관한 연구)

  • 계선자;박혜성
    • Journal of Family Resource Management and Policy Review
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    • v.4 no.1
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    • pp.29-45
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    • 2000
  • The purpose of this study is to investigate some influencial factors for urban housewives’economic retirement preparation. Questionnaires were distributed to the 550 housewives in Seoul. The 453 data obtained were analyzed by Frequency, Percentage, Mean, Factor analysis, Reliability, and Stepwised Multiple Regression with SPSS win PC+. The major findings of this study were summarized as follows: First, there wre significant differences on the attitudes of assets management and the perception of assets property according to the expectation for being supported in their old age and the controlable values. Second, the most influential variables on the economic preparation for the old age of the urban housewives were through the attitudes of assets management, the perception on it and controlable values. Based on the above findings the urban housewives should have concerns on the economic preparation in advance.

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Study of the Factors Influencing the Economic Retirement Preparation for People Living with Disabilities Based on Andersen's Behavioral Model (Andersen모형을 적용한 장애인의 경제적 노후준비에 영향을 미치는 요인)

  • Kim, Jin-Mi;Lee, Youn-Ju
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.10
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    • pp.6046-6055
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    • 2014
  • The present study identified the factors of economic retirement preparation for people living with disabilities using the Andersen's behavioral model. The 2012 Disabled Employment Panel Survey data were collected from May 21, 2012 to July 31, 2012 and were analyzed by applying the SPSS 20 program. Logistic regression analysis was carried out on a sample of 2,869 people aged 30 to 60 years. The predisposing factors (education, marital status), possibility factors (employment, non-basic livelihood security recipient status, homeowner status, income), and desire factors (subjective socioeconomic status, life satisfaction, self-esteem) affected the retirement preparation. To help people living with disabilities, policies and programs based on the factors that reflect the individual needs must be established.

Effects of Old Age Preparation of Baby Boomers Give Dependents Awareness of Parent (베이비부머의 노후준비가 부모부양 의식에 미치는 영향)

  • Park, Keun-Soo;Kim, Tae-Il
    • The Journal of the Korea Contents Association
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    • v.16 no.2
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    • pp.467-479
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    • 2016
  • The purpose of this study is to check effects on the awareness of parents supporting in their self retirement preparation of the baby boomer generations who have faced relatively bad situation in this era considering the reality of great changes brought in the parents supporting spirit which was regarded as family and individual responsibility due to the rapid industrialization and urbanization. In the result of this study, some points such as religious, living status and monthly average earning show meaningful result and also all of the colligation in the retirement preparation standard concerning economic living life, health life, leisure time, family life, dwelling life and leisure life shows most significance probability of .001(*p<0.05) and retirement preparation standard relative to economic life indicates significance probability of .005(*p<0.05). Eventually this result shows that the higher people have retirement standard, the higher parents supporting sprit they have. So I would like to suggest some policy advices on the basis of this study. First stable supporting policy on their dwelling life should be assisted by differential methods, secondly social programs aid for leisure life through social activities like volunteer work are required, further more national based policy supports for youngsters are considered in order to reduce economic daily life on their economic activities.

The Effect of Resilience of Middle-aged Employees on Retirement Attitude and Retirement Preparation. (중년직장인의 회복탄력성이 퇴직태도와 퇴직준비에 미치는 영향)

  • Jung, Kyung Hwa;Kim, Ki Seung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.5
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    • pp.495-507
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    • 2020
  • This report addresses the question whether resilience affects attitudes of middle-aged employees toward retirement. Are resilient employees more prepared and/or ready for retirement? To address this question, a survey of over 214 employees aged 50 or more was taken. Participants worked in the Seoul metropolitan area. This study utilized the SPSS 19.0 program. A sophisticated regression analysis software system was conducted to measure and identify relationships and correlations among groups of participants. Our findings included four points. First, male employees were better prepared for retirement than women. Second, the more educated (or the higher the household income), the better prepared was the participant for retirement. Third, the more resilient a worker was, the less was the resistance expected from him/her on retirement. Finally, a positive attitude was an indication the worker would be well-prepared for retirement. In summary, workers who displayed resilience and a positive attitude in their work were best prepared for retirement.

A Study on the Effects of Retirement Expectations & Social Supports & Entrepreneurial Intention for Employees Engaged in Financial Business on the Preparation for their Old Age (금융업 종사자의 은퇴기대, 사회적 지지 및 창업의지가 노후준비에 미치는 영향에 관한 연구)

  • Kim, Hyong-Sok;Kang, Shin-Kee
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.17 no.1
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    • pp.251-265
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    • 2022
  • According to the 2019 statistics of the National Statistical Office, the population of old people over 65 is 7.69 million which consists of 14.9% of total population in Korea, and the world's fastest compressed-aging is being processed. Employees engaged in financial business as representative high-wage workers tend to choose voluntary retirement regardless of their business types, and rarely get a new job or establish their own business successfully. This study analyzes the effects of retirement expectations, social supports, and entrepreneurial intention for employees engaged in financial business, and the differences by individual characteristics on the preparation for their old age. The subjects include 280 people working at Seoul metropolitan and Daegu area. The data were analyzed with the SPSS Win Ver. 18.0 for frequency analysis, reliability analysis, factor analysis, regression analysis, etc. and the results of the study are as follows. First, the result of analyzing the effect of retirement expectations of employees engaged in financial business on the preparation for old age shows that the retirement expectations of the people who consider retirement is a new start meaningfully affect the financial and physical preparations for old age. Second, it is shown that family relations for employees engaged in financial business meaningfully affect the financial preparation, and family relations and friendship relations meaningfully affect the emotional and social preparations, despite social supports do not relevantly affect the financial preparation for old age. Third, it is also shown that the entrepreneurial intention of employees engaged in financial business does not relevantly affect the financial and physical preparations, but meaningfully affects the emotional and social preparations for old age. Fourth, the result of analyzing the effect of the individual characteristics of employees engaged in financial business on the preparation for their old age shows that age, marital status, and job grade do not relevantly affect, but the experience of entrepreneurship education more affects the preparation for old age than no-experience.