• Journal of Families and Better Life
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• v.25 no.1 s.85
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• pp.145-158
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• 2007

The purpose of this study was to elicit the multi-dimensions of retirement expectations, and explore sub-factors of retirement expectations which predict the possibility of worker's participation to each pre-retirement planning programs. The major findings were as follows: first, this study shows that there are four sub-factors; Imposed frustration, New beginning, Transition to rest, Continuing. And there was a significant difference in retirement expectation according to sex, age, income, and health status. Second, the major affecting factors on participation in pre-retirement planning programs were sex, age, job, educational attainment, and health status. Third, those who have retirement expectations of 'Imposed frustration' tend to attend re-employment, leisure, and health education. Those who have retirement expectations of 'Transition to rest' tend to attend re-employment, inauguration education. And those who have retirement of 'Continuing' tend to attend leisure education.

• Journal of the Korean Home Economics Association
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• v.44 no.12
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• pp.53-64
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• 2006

The purpose of this study was to investigate the variables on employees' retirement expectations divided into imposed frustration, new beginning, transition to rest, and continuing. Independent variables were individual(gender, age, occupation, income, education, and health condition), psychological(self-esteem, locus of control, attitude of leisure, and attitude of family), and job-related variables(job attitude, job satisfaction, and job stability). In order to achieve this purpose, a survey was conducted with 515 employees from Daegu and Kyungpook. Retirement expectations were measured with questionnaire based on several studies. The data analyzed by frequency, percentage, mean, factor analysis, Cronbach's $\alpha$, correlation, and multiple regression. The major findings were as follows. First, imposed frustration was affected by income, self-esteem, locus of control, job satisfaction, job attitude, and job stability. Second, new beginning was affected by self-esteem, locus of control, attitude toward leisure and family, and job stability. Individual variables were not statistically significant predictors of new beginning. Third, transition to rest was affected by locus of control, attitude toward family, job satisfaction, job attitude, and job stability. Individual variables were not statistically significant predictors of transition to rest. Finally, continuing was affected by age, education, job satisfaction. Psychological variables were not statistically significant predictors of continuing.

• 한국노년학
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• v.31 no.1
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• pp.15-31
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• 2011

The purpose of this study is to explore the transition to retirement of the middle-aged in Korea according to the notion of "the career job" and "the bridge job". In order to scrutinize basic elements for the transition, three aspects such as the job history of the middle-aged, the characteristics of the demographic and economic status were investigated through the one to three wave of Korean Retirement and Income Study(KReIS). In addition, the characteristics of the career job and the bridge job were analyzed by both descriptive statistics and the conditional transition probability. Moreover, the influential factors to the job status of the middle-aged were examined by the multi-nominal logistic regression. The results of the study are as followed: first, gradual retirement is increasing in the transition to retirement of the middle-aged in Korea. Over time, the career job is decreasing whilst bridge job is increasing. However, the quality of the bridge job is poorer than the career job in terms of wage, employment status, industry, and occupation. Lastly, the middle-aged who work in the bridge job have vulnerable characteristics, so they work in the bridge job to supplement their economic needs. The results can be influential in the adjustment of the labor policies for the middle-aged in Korea. Moreover, the partial pension system could be a good alternative since the pension system is needed to protect the vulnerable situation of the middle-aged in Korea.

• Journal of Wellbeing Management and Applied Psychology
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• v.5 no.4
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• pp.1-9
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• 2022

Purpose: Many people recognize the fact that women are basically poor at financial and retirement planning. A small number of scholars have explored the factors and situations that influence the level of awareness of pre-retirement women and men with regards to planning for their retirement years. In most developing countries, including Malaysia, there are more men in the younger segment of the population and more women in the older segment, since women tend to live longer than men due to having jobs of relatively lower risk, their behaviors, and activities. Research design, data and methodology: Given that it is hard to predict whether they will be healthy in old age, women may require additional resources to obtain the care and assistance that they need. The transition from career life into retirement is a long process for people to go through. Some may be able to prepare for the next stage of life, and some may not be able to prepare due to personal reasons. Planning for future retirement is important because it will affect the quality of a woman's life after a certain age. Results: Without proper planning, women may face financial instability, depression, and poor psychological well-being. However, many women are unaware of their financial status or do not know their family's financial status, such as tracking the main income, budget, and expenses, financial commitments and have no proper record of assets owned, loans owed, or updated loan balances. Conclusions: The findings of this research have led to the conclusion that pre-retiree women are likely to regard their retirement savings as sufficient without realizing that they should have at least several types of savings instead of just one, and the grave consequences of not having any savings at all for their retirement years.

• The Journal of the Korea Contents Association
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• v.15 no.10
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• pp.570-586
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• 2015

The purpose of this study is to analyze the effects of middle-aged retirement planning on individual's quality of life and overall satisfaction, and moderating effects of social and psychological sense of crisis, and the differences of measured variables in the demographic characteristics. Retirement planning that may be the most important factor in the country's social costs is aimed to provide a basis for fixing the interest in advance of retirement planning training and retirement. The subjects are workers who live in the Seoul metropolitan area and Gyonggi-do. Total sample size is 350, then 335 samples were collected on the data. The results of this study can be summarized as follows. First, house ownership and education level among demographic variables affects satisfaction of their life. People who do not own a house shows higher satisfaction, and higher education level affects satisfaction positively. Second, satisfaction is affected by transition to rest negatively, on the other hand, it is affected by expect of new beginning positively. Besides, No moderating effect of social and psychological crisis showed that negative life evaluation role to the independent variables. Third, cognitive information is affected by transition to rest and imposed disruption positively. Besides, job dissatisfaction adjusts between them. Fourth, improvement of life quality is not affected by expect of the retirement planning. On the other hand, there is not moderating effects of social and psychological sense of crisis.

• Korean Journal of Social Welfare
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• v.58 no.3
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• pp.135-168
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• 2006

This study reviewed pension reform's overall characteristic and(anticipated) positive negative effect in OECD countries's and then analysed middle-old age's retirement transition and determinants of full/gradual retirement through the $3{\sim}7th$ Korea Labor and Income Panel considering that Korea has been aging society quickly and it is necessary to suggest not only solution of early retirement and working age reduction but also pension reform. As a result of this study, about 1/4 of 50 years and older have been continuing to work through various pathways after retirement and 98% among fully retired older who passed by re-employment step of occupational status including retirement are still searching for jobs. This showed that it is also inappropriate to typical retirement concept itself on the lines of labour market participation in Korea and part-time/temporary work or self-employment have been used by means of alternatives of maintaining works for middle-old ages. However, the duration of changed occupational status of gradual retirees is mostly only $1{\sim}2$ years. Therefore it is necessary to support the gradual retirement to minimize a term of income insecurity and promote the work of the old ages who have will and capacity of work. Most of all, partial pension system which is main program of gradual retirement, should make the rules that beneficiaries are those who age less than pensionable age and benefit levels should be actuarial fairness together with pension system and provide substantial help. But, the introduction of partial pension system is not the only way to solve and needs overall social economic approach. Especially guarantee the increase of quantitative qualitative employment for middle-old ages linking labor market policy and supporting gradual retirement not ought to be abused to force the part time works and early retirement route against their own will.

• Journal of Families and Better Life
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• v.34 no.4
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• pp.157-174
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• 2016

The purpose of this study is to investigate the effects of resilience and retirement attitudes perceived by middle-aged married men on a meaningful life, and provide basic data based on empirical research for reexamining meaningful lives of middle-aged married men. For the study, a survey was conducted with middle-aged men aged between 40 and 60 who were married with children and employed and live in Seoul or Gyeonggido. A total of 476 copies of data were analyzed. For the analysis, SPSS 20.0 was used to perform frequency analysis, descriptive statistics, t-test, and one-way ANOVA, and the Duncan multiple range test and multiple regression analysis were performed. The result was as follows: First, Levels of resilience, retirement attitudes and meaningful life were moderate. Second, middle-aged married men had significant differences according to education, job, religion, Monthly family income, Wife's employment, marital status and Subjective health condition on meaningful life. third, middle-aged married men had an impact on resilience and retirement attitude on a meaningful life. In particular, the Affirmation of the resilience of the sub-region and the Transition to Old Age part of the retirement attitudes were significantly affected. Therefore, it is necessary to consider enough family support and social support for middle aged men.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.20 no.5
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• pp.155-162
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• 2019

Recent changes in corporate environment, both internal and external, have led to permanent restructuring, which has left baby boomers facing a serious threat to their jobs due to an unprepared involuntary retirement. In line with this period of time, resilience has become important in terms of overcoming the psychological hardships of retirement. In response, the study conducted a study on the effect of resilience on career path conversion among involuntary retirees of baby boomers. The effect on career conversion on the personal characteristics of baby-boomer retirees has been verified by significant differences in gender and job type. In addition, the results of verification of the effect of recovery elasticity on career path transition confirmed that recovery elasticity has a very significant effect on career path transition, and the positive effect of the positive factors among the lower factors was verified to have a very significant positive effect on situational perception, coping method and support, and it was confirmed that interpersonal ability also has an effect on positive effect. However, the ability to self-control did not have a significant effect. Thus, for baby boomers who have to prepare for career transformation after retirement, the resilience has been proven to be a very necessary ability to overcome their hardships and make successful adaptations, and it is expected that it will be very useful in the course of career transition counseling for baby boomers.

• Korean Journal of Social Welfare
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• v.58 no.4
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• pp.197-217
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• 2006

This study examined whether a relationship between retirement transitions and psychological well-being of the elderly may differ by gender and residential areas, and whether associative factors of psychological well-being may vary by gender and residential areas. The sample included 1,124 older adults aged 60 and over, which derived from the first wave and the third wave data of the "Aging and the Quality of Life of the Elderly in Korea: A Longitudinal Study" living in Seoul and Chuncheon. The total sample was divided into four sub-samples(urban male elders, rural male elders, urban female elders, and rural female elders) to answer research questions. Psychological well-being was measured by measured by the PGCMS developed by Lawton, and a retirement variable had four categories: being continuously non-retired, newly retired, newly non-retired, and being continuously retired with a reference group of being continuously non-retired. Multivariate OLS regression was run separately for the four groups. For urban male elders, retirement transition was associated with worse psychological well-being whereas no relationship between retirement transitions and psychological well-being was found for rural male elders, urban female elders, and rural female elders. Associative factors of psychological well-being varied by gender and residential areas. The findings implies that a relationship between retirement transitions and psychological well-being of the elderly may differ by gender and residential areas, and these differential effects of retirement transitions may be attributable to different life experiences and economic activities through a life course and different roles after retirement. Also, different associative factors of psychological well-being for the four sub-samples reflect variations in their different life course.

• 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.