• Title/Summary/Keyword: Economic well-being

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A Study of the Economic Structure of Baby Boomer Households and the Determinants of Economic Satisfaction in Korea (베이비부머 가계의 경제구조 및 경제적 만족도 분석)

  • Seo, Ji-Won
    • Journal of Family Resource Management and Policy Review
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    • v.16 no.1
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    • pp.41-66
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    • 2012
  • Recently, Korean baby boomers, which make up approximately 15% of the total population, have begun to retire. Their economic well being is one of Korea's most important social issues. The purpose of this study was to compare the economic structure of baby boomers' households with that of the prior generation, as well as to analyze the determinants of economic satisfaction from the perspective of "work" and "child educational burden." In addition, group comparisons were made regarding economic resource allocation between baby boomers and the prior generation and within baby boomers of different work and child educational burden statuses. Data from the 2nd wave of the Korean Longitudinal Study of Ageing (KLoSA), including baby boomers and the generation prior to the baby boomers, were used. The major findings were as follows. First, the baby boomers had a different economic structure, level of economic satisfaction, and economic resource allocation when compared to the prior generation. The economic structure of baby boomers in terms of income, expenditure, savings and assets, debts, and trust in policies significantly differed from their counterparts. Second, the determinants of economic satisfaction and the propensity of resource allocation were different depending on whether they worked or had a child educational burden, respectively. Based on these empirical results, policy implications for the future economic well being of baby boomers were provided.

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The Effects of Social Family Resources on the Well being of Single-Parent Households in Korea (한부모가족 사회적 자원의 삶의 질에 대한 효과 분석)

  • Seo, Jiwon
    • Journal of Family Resource Management and Policy Review
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    • v.17 no.1
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    • pp.103-124
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    • 2013
  • To improve family well-being of single-parents, the utilization of familial social resources-including formal supports, informal supports, and social capital-has become one of the most important family resource management issues. The purpose of this study was to compare the levels of familial social resources of single-parent households with those of two-parent households and to investigate the differences according to three factors, specifically poverty, family types by gender and age of parent, and householders' employment. In addition, the determinants of single-parent households' wellbeing were analyzed from two perspectives: economic wellbeing and psychological life satisfaction. Data from the 5th wave of the Korean Welfare Panel Study (KOWEPS) were used. The major findings were as follows. First, single-parent households utilized their familial social resources more actively than their counterparts, especially in terms of the formal support of child care. Second, single parent households utilized their familial social resources differently in relation to poverty, family types, and parents' employment. Third, the determinants of economic wellbeing and psychological life satisfaction were different according types of familial social resources. Based on these empirical results, policy implications for the future economic wellbeing of baby boomers were provided.

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The Effects of Reverse Mortgage Including Lands for Rural Elderly Households (농지를 포함한 농촌형 역모기지 효과)

  • Lee, Hee-Sook
    • Journal of the Korean Home Economics Association
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    • v.45 no.9
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    • pp.99-111
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    • 2007
  • The purpose of this study was to find the effects of reverse mortgage including lands for rural elderly households. The data were drawn from 2005 Farm Household Economy Survey. And 1,165 households, which householder age were 65 to 75 and owned lands, were selected. The major findings as follows; First, in the case of conducting mortgage using only lands in rural area, the average substitute rate of current consumption was found to be over 100%(LTV=100%). This result implied that the conducting mortgage with land could be very effective for enhancing economic well-being of rural elderly households. Second, in the case of conducting mortgage using only shelters in rural area, the average substitute rate of current consumption was found to be only 25.7% (LTV=100%). This result implied that the conducting mortgage with only shelters could be no use for enhancing economic well-being of rural elderly households. Third, with FTA, it is time to rebuild agribusiness from small farm with family business to scale of farm business. It is expected the mortgage system with lands may very effective for not only enhancing economic well-being of rural elderly households, but for better farm business.

Productive Activities and Psychological Well-being in the Elderly (노년기 생산적 활동과 심리적 안녕)

  • Sung, Hea-Young;Cho, Hee-Sun
    • Journal of the Korean Home Economics Association
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    • v.44 no.6 s.220
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    • pp.35-45
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    • 2006
  • The purpose of this study is to investigate productive activities effect on psychological well-being in the elderly. As people grow older, the level of physical function and psychological well-being is decreased. But We verified maintaining productive activities could make buffering effect on psychological well-being. And We investigate what kind of productive activities could effect on psychological well-being by gender. As a result, there were differences in self efficacy belief, life satisfaction and depression by age, education, absence of spouse, subjective economic status and physical function. Group activity and domestic labor had on affirmative effect on self efficacy belief in male and female elder. Learning activity had on positive effect on life satisfaction in female. Depression was negative influenced by voluntary activity and domestic labor in female and pay work, group activity and domestic labor in male.

The Analysis of Living Environments of the Elderly Households in Chungbuk Province and Its Suggestion from the perspective of the Well-being of the Elderly -Focused on the Economic and housing Environments- (노인복지 측면에서 본 충청북도 지역 노인단독가구의 생활환경 분석 및 개선방안 -경제 및 주거환경을 중심으로-)

  • 김대년
    • Journal of Families and Better Life
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    • v.14 no.3
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    • pp.1-20
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    • 1996
  • The purposes of this study are to investigate the living environments, focused on economic and housing environments, of the elderly households in Chungbuk and to provide for the suggestions from the perspective of the well-being of the elderly. The results are as follows: for the economic environment, 70% of the elderly households receive the economic help from children, but the amount of the help is not much. Less than 20% of the households receive the pension and public assistance. Most elderly households had more assets than debt. The households tend to spend more for the necessties than for the non-necessities. The higher the income, the more the assets and the higher the consumption expenditures the higher is the life satisfaction. Therefore it is necessary to provide the elderly with opportunities to increase their income. For the housing environment, most elderly live in their own detached house with average size of 23 pyung. And there is 1.6 households per house. The condition of housing facilities is poor. The elderly prefer staying in the same place to moving, and invest little for their housing even though being able to afford to do so. The housing satisfaction, which is significantly influenced by the ownership the size the quality change in moving and the housing facilities, is correlated with the satisfaction of their condition as elderly households and their living satisfaction. Therefore, thoughtful policy is required to improve the standard of housing condition for the elderly households.

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What Makes Korean Youth Happy: Self-Directedness Mediates the Relationship between Parenting and Subjective Well-Being (무엇이 한국 청소년들을 행복하게 하는가: 부모의 양육행동과 주관적 안녕감의 관계에서 자율성의 매개효과)

  • Choi, Ara;Lee, Sook
    • Human Ecology Research
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    • v.57 no.4
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    • pp.499-512
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    • 2019
  • Korean adolescents have a lower subjective well-being compared to their counterparts in other Organization for Economic Co-operation and Development member countries as well as experience more psychological difficulties than adults. Previous research shows that parenting behavior has a considerable influence on adolescent subjective well-being. Additionally, the personality dimension of self-directedness, the ability to regulate personal behavior to obtain onindividual goals, has a positive influence on subjective well-being. This study analyzed the structural relationship between parenting behavior, self-directedness, and the subjective well-being of Korean adolescents as well as investigated the mediating effect of self-directedness in the relationships between parenting behaviors and the subjective well-being of adolescents. Participants were 325 middle school students in Gwangju, Korea, who completed measures of self-directedness (from the Korean Junior Temperament and Character Inventory), subjective well-being (Well-Being Scale of Adolescents in Korea), and perceived parenting behaviors (My Memories of Upbringing - Short Korean version). Results showed that emotional warmth had a statistically significant direct impact on adolescents' subjective well-being. However, the findings also indicated a statistically significant indirect impact mediated by self-directedness. Rejection and overprotection had a statistically significant indirect effect on adolescents' subjective well-being that was mediated by self-directedness. The results provide information that can be used to develop programs to improve the subjective well-being of adolescents as well as confirm the importance of parenting behavior and self-directedness during adolescence.

Married Employees' Work-Family Balance Perception and Psychological Well-Being (기혼취업남녀의 일가족양립 인식도와 심리적 복지)

  • Lee, Seon Mi
    • Human Ecology Research
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    • v.54 no.5
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    • pp.499-514
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    • 2016
  • This study was to determine general trends with respect to work-family balance perception and psychological wellbeing, examine correlations between related variables, investigate differences in related variables, and understand the effect of work-family balance perception on psychological well-being in married employees. The subjects were 300 married employees living in G city. The subjects completed a questionnaire and data were analyzed using IBM SPSS 21.0. The major findings were as follows. First, the average scores of men and women's self-esteem were higher than the median. Men had a more traditional gender role attitude and higher work-family balance perception level than women. The scores of men and women's depression were lower and life satisfaction were higher than the median. Second, the scores of men and women's work-family balance perception were different according to working hours. Men's psychological well-being were different according to the scale of work place and women's psychological well-being were different according to household working time. Third, depression in married employees were negatively related to life satisfaction. Their psychological well-being were significantly related to work-family balance perception. Fourth, men's depression were influenced by self-esteem, social care service, family${\rightarrow}$work conflict, and work${\rightarrow}$family conflict. Depression in women were influenced by health state, self-esteem, gender role attitude, family${\rightarrow}$work conflict, and work${\rightarrow}$family conflict. Men's life satisfaction were influenced by health state, economic state, and self-esteem. Women's life satisfaction were influenced by health state, economic state, weekly working hours, self-esteem, and work${\rightarrow}$family conflict.

Characterizing Social Welfare Index between Urban and Rural Regions in China: An Application of Principal Component Analysis (중국의 도농 간 사회후생지표 특성에 관한 연구: 주성분분석에 의한 접근)

  • Rhee, Hyun-Jae
    • The Journal of the Korea Contents Association
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    • v.17 no.7
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    • pp.371-383
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    • 2017
  • The aim of this paper is to investigate adjusting process of trade-off relationship between economic growth and income distribution in China which is established by mixed with social and market-oriented economic systems. The characteristic nature of social welfare index in urban and rural regions in China is examined by employing principal component analysis. Empirical evidences reveal that unlike national wide or urban region, the increases of income contribute to improve social well-being in rural region, but not social welfare index. Accordingly, it can be said that although social well-being in rural region seems to be harmful because of weakly organized social welfare index, the potentiality exists to improve social well-being by increased income. Taken all together, the results signifies that the mixed economic system such as China might distribute its increased income appropriately, however, the distributional system is hardly operated to improve social welfare index. And thus the distributional system has to be amended to enhance social well-being in China.

A Study on Social Networks and Psychological Well-being of Middle-aged Men (중년기 남성의 사회관계망과 심리적 복지감)

  • 이기숙;김현지
    • Journal of the Korean Home Economics Association
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    • v.40 no.6
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    • pp.133-144
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    • 2002
  • The purpose of this study was to investigate the characteristics of the social networks and its relationship with the psychological well-being of middle-aged men. The participants were 314 men who were married living in Pusan, aged between 40 and 59, having occupation and children. Data were collected by questionnaire which consists of Social Networks Scale and Psychological Well-being Scale. The major results of the study were summarized as follows; First, the range of the social contact with men's own kin was wider than women's. In the contact frequency of midge-aged men, primary networks were shown more frequent contact than the secondary networks. In the characteristics of interactive function of social networks, kinship of the middle- aged men, their partners and friendship networks were the most important among the six networks, which agrees the fact that kin are still the primary source of social support. Second, the level of psychological well-being was lower than family-related satisfaction and work-related satisfaction. In the work-related satisfaction, the level of job satisfaction was lower than the other sub-categories. Psychological well-being of middle-aged men were affected by Social economic status as well.

Economic Stress, Coping Strategy and Psychological Wellbeing for Elderly Households (노인가계의 경제적 스트레스, 대처행동 및 심리적 복지감)

  • Park, Hye-Sung;Kye, Sun-Ja
    • Journal of Family Resource Management and Policy Review
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    • v.12 no.2
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    • pp.57-72
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    • 2008
  • The propose of this study is to examine the economic stresses and coping strategies for elderly households depending on the variables of background, and to analyze the relations between these factors. Elderly households which satisfied the following criteria were recruited for participation: (a) reside in Seoul, or in the metropolitan area (b) live apart from their adult children after retirement and (c) ages over sixty. From September 20th, 2006 to November 30th, 2006, 296 were used for this research. First, the mean score of the economic stress level of elderly households was 2.87 out of 5, and the stress levels of income expenditure and asset debt were intermediate. The mean score of the economic coping strategy was 3.17 out of 5. In order to overcome economic stress, elderly households utilized reducing their expenditure, financial management, and re-employment. The level of elderly households' life satisfaction was 3.29 of 5 and the depression was 3.17 of 5. Second, there was a difference in accordance with the objective economic variables and the degree of the economic stress after the review of the variables of the elderly households and the coping strategy due to economic stress. The result shows that the households which had a low economic status and high economic stress from the objective viewpoint participated in more economic activities. Their reactions were to decrease the overall expenditure through reducing the expenditure rather than to manage the asset effectively through re-employment or to inaugurating a business. Third, I analyzed situational factors, economic stress, and economic coping strategy in order to compare relative contributors to psychological well-being through using regression. At the third phase in the process of analysis, the socio-psychological factors appeared to be significant factors contributing to psychological well-being. Regarding the stress caused by income expenditure increased, when elderly households were more concerned about reducing expenditure and re-employment, their feelings of depression increased.

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