• The Journal of Industrial Distribution & Business
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• v.10 no.10
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• pp.7-13
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• 2019

Purpose - This study is to verify the mediating effect of voluntariness in retirement and the moderating effects of leisure life to examine which parts of later life preparations have influence on the retired life. Research design, data, and methodology - In this study, the 6^th Korean Retirement and Income Study was conducted on 5,254 members of households with householders over the age of 50. To examine the relationship between later life preparation and retired life, this study used personal data based on the serial number of the household members. Results - First, physical preparation for later life had a positive influence on retired life satisfaction among retirement satisfaction. People showed higher retired life satisfaction. Secondly, physical preparation for later life had a positive influence on satisfaction over relationship after retirement among retirement satisfaction. People showed higher satisfaction over relationship after retirement when they were more physically prepared for later life. Conclusions - In particular, leisure life had a mediating effect for the influence of physical preparation for later life on the retired life. Also, leisure life and physical preparation for later life showed a close influencing relationship. People showed active leisure life and higher retired life satisfaction when they were more physically prepared for later life.

• Journal of Family Resource Management and Policy Review
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• v.16 no.2
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• pp.59-76
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• 2012

This study examines the relationship between intergenerational financial resource transfers and preparation for later life among the middle-aged. The study sample consists of 1536 middle-aged individuals with at least one living parent and one married child. The level of preparation for later life is dependent upon the level of household economic status. The statistically significant variables predicting the level of preparation for later life include age, education, subjective health status, household income and household assets. Moreover, intergenerational resource transfers are statistically significant factors that explain the level of preparation for later life. The effect of financial transfers from middle-aged parents to their adult children on the level of preparation for later life is the most significant financial transfer variable.

• The Korean Journal of Community Living Science
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• v.20 no.2
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• pp.275-289
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• 2009

The purpose of this study is to examine the middle aged's perception of aging and the degree of physical/financial/social preparation for later life and to explore the effect of the middle aged's perception of aging, who live in Gwangju & Jeonnam of Korea, on physical/financial/social preparation for later life. This research also explores gender differences in perception of aging, preparation for later life and related factors. For the purpose, the survey data was gathered from 424 middle aged (40's & 50's) citizens who live in Gwangju and Jeonnam, using structured questionnaire. The statistical methods used for data analysis are descriptive statistics, cross tables, t-test, correlations and regression with Spss/win 17.0 program. The major findings of this study are as follows: Most of the respondents perceive that the age of being aged is 65 or 70 years old. Respondents feel anxiety about health (84%), finance (57%) and roleless role (22%) of later life. Female group feel health anxiety more than male group. Many people perceive that social preparation for later life is better than financial preparation and physical preparation for later life. The result shows that female group perceives their physical preparation level more positively than male group generally. But, there were no differences in financial and social preparation between gender groups. Finally, the result shows the meaningful relationships between male group's perception of aging and financial preparation for later life. Monthly income is the most important variable predicting preparation for later life.

• Korean Journal of Occupational Health Nursing
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• v.19 no.2
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• pp.117-127
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• 2010

Purpose: The purpose of this study was to investigate the factors that influenced the preparation for later life of the age group of 30s, 40s, and 50s in production workers. Methods: The participants for this study were 320 men working in 2 workspaces of Ulsan city. The data was collected from May to July, 2010 using structured questionnaires. Chi-square, One way ANOVA, Duncan test, Pearson's Correlation Coefficient and multiple regression with the SPSS WIN 17.0 program were used to analyze the data. Results: There were statistically significant differences among 30s, 40s, and 50s workers regarding the preparation for later life, health promoting behavior, knowledge and attitude of cerebrocardiovascular (CVD) diseases. 50s workers were significantly more higher than 30s and 40s regarding the preparation for later life, health promoting behavior, cognition and attitude of CVD diseases. The model including variables related to the preparation for later life explained variance of 42.3% of 30s, 36.0% of 40s, and 28.5% of 50s workers. Finally, cognition of CVD diseases and social support were predictors in explaining the level of the preparation for later life among production workers. Conclusion: Based on the findings of the study, nursing interventions should be developed to improve the preparation for later life of production workers according to age differences.

• The Korean Journal of Community Living Science
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• v.21 no.3
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• pp.411-425
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• 2010

The purpose of this study is to examine the middle aged social preparation for later life and to explore the effect of social activities and social relationships on social preparation for later life. This research is also focused on gender differences in social activities, social relationships and social preparation for later life. The survey data was gathered from 424 middle aged citizens who live in the Gwangju & Jeonnam area, using a structured questionnaire. The statistical methods used for data analysis were descriptive statistics, cross tables, t-test, correlations, and hierarchical regression with SPSS win 18.0 program. The major findings of this study are as follows: Most of the respondents perceive an importance of social activities and social relationships. Middle aged women enjoy leisure activities such as learning and religious activity more than men. Middle aged men engage in hobby activities more than women. And most of respondents perceive they are making an effort to keep a relationship with spouses, family & friends. The results show that there are no differences in social preparation for later life between gender groups, but the variables which have an effect in social preparation for later life are different between gender groups. Social activities and Social relationships play an important role in social preparation for later life of Middle aged men and women. At the same time, Social activities and Social relationships have more positive effect on the social preparation of women. Implications of the results are discussed.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.5
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• pp.279-290
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• 2020

This study examines how economic preparation for later life directly influences life after retirement. As people's life cycle is gradually getting longer, preparation for the later time with less economic activity after retirement is becoming more important. Thus, this study analyzes the factors influencing life after retirement. Data comes from the Korean Retirement and Income Study (KReIS) surveyed carried out by the National Pension Research Institute in 2015. The analysis includes Cronbach's alpha, Pearson Product Moment Correlation Coefficient and Sobel Test. This study confirms that voluntary retirement has a positive influence on life satisfaction. Results are in line with previous research about the relationship between voluntary retirement and retired life. When a person retires voluntarily, financial preparation can be made in advance for retirement. In case of involuntary retirement, people may experience a sense of loss in personal standing and financial difficulties due to the unexpected situation. Especially, early retirement from the main workplace leads to unstable later life. The study's policy recommendation, in particular, calls on government and businesses to agree on social responsibility for helping employees to retire in the predictable retirement time and, thus, enabling the retiree to decide all aspects of the path after retirement.

• Journal of Family Resource Management and Policy Review
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• v.18 no.1
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• pp.29-46
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• 2014

The purpose of this study was to analyze the effects of the degree of preparation for old age and the sense of crisis on the marital satisfaction of married mid-life women. The participants in this study were 300 women ranging in age from 40 to 59 years residing in Gyeonggi-do. Two hundred and forty-nine self-reported questionnaires were used for final analysis by SPSS PASW 18.0. The major results of this study were as follows. First, the mean score on the sense of crisis scale was $2.56{\pm}0.65$, representing a medium level. The mean scores for degree of preparation for later life and marital satisfaction were $3.54{\pm}0.57$ and $3.67{\pm}0.88$, which were somewhat high. Second, socio-demographic characteristics have a significant influence on married, middle-aged women. There were primarily differences in the sense of crisis by age cohort(such as women in their 50s) and level of education. Moreover, there were differences in the degree of preparation for later life by marriage duration and differences in marital satisfaction by level of education, monthly average income, and employment status. Third, in multiple regression analysis, the variables significantly influencing the marital satisfaction of married, middle-aged women included health status and monthly average income as control variables. Mid-life crisis also had a significant effect. The degree of preparation for emotional later life had a significant effect as an independent variable. These findings suggest that the level of sense of crisis and the degree of preparation for emotional later life affected the women's marital satisfaction. Other factors did not have a significant affect. Based on the above results, intervention alternatives are needed to improve the marital satisfaction of married, middle-aged women.

• Journal of Family Resource Management and Policy Review
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• v.22 no.1
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• pp.23-37
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• 2018

This study aimed to investigate resource transfer for baby boomers' adult children and related factors pertaining to baby boomers' later-life preparation. This study was conducted in 2016 using written questionnaires completed by 405 baby boomers residing in Seoul and metropolitan cities in South Korea. The data were analyzed using IBM SPSS Statistics 23.0 and the following statistical methods: frequency, percentiles, the mean, standard deviation, a t-test, one-way ANOVA, Cronbach's alpha, and hierarchical multiple linear regression analysis. Baby boomers' average level of later-life preparation was found to be 3.45/5, a relatively rational score. Baby boomers tended to transfer more resource from their adult children when they had many adult children, were more satisfied with their romantic relationship. Baby boomers' level of later-life preparation was higher when there was lesser resource transfer of their adult children. The greatest influential variables pertaining to the respondents' later-life preparation were their family's income, children's marital status, satisfaction with their romantic relationship, and level of transfer from their adult children. It was concluded that baby boomers have insufficient later-life preparation in terms of finances due to their need to support their adult children; thus, nation-wide practical programs are needed to prepare baby boomers for a happy life.

• The Journal of the Korea Contents Association
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• v.14 no.2
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• pp.283-293
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• 2014

The purpose of this study is to understand baby boomers' perception of and preparation for later life by analyzing essays from 80,000 hours design competition. The researchers were able to access to 62 baby boomers' essays and used thematic analysis. The results showed that the competition enabled participants to re-conceptualize the meaning of preparation for later life. Three characteristics were derived in the participants' designing their future: 1) life focused on themselves, 2) life in which work, relationship, and leisure are balanced, 3) community life which take social responsibility. All the participants stressed health and learning as key factors in preparing for later life. They also showed almost obsessiveness toward their own effort to be diligent in order to achieve their idealistic later life. Based on the findings, practical implications for preparation for later life among baby boomers are discussed.

• Journal of Family Resource Management and Policy Review
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• v.17 no.2
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• pp.147-172
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• 2013

The purpose of this study was to examine the relative influences of variables that affect baby boomers' perceptions and preparations for later life planning. An age-group comparison was made to examine differences in later life planning within baby boomers. 814 respondents were selected from The National Survey of Korean Families undertaken by the Ministry of Equality and Family in 2010. They were devided into two groups according to the year of their birth, the former baby boomers was 397 respondents who was born from 1955 to 1959, and the latter baby boomers was 417 respondents who was born from 1960 to 1963. The major results of this study were as follows: First, the former baby boomers was less likely to prepare for later life, while was more likely to be aware of their later life planning than the latter baby boomers. Second, educational attainment and the number of children affected the level of perceptions and preparations for later life planning of the former baby boomers, whereas sex and region affected those of the latter baby boomers. Third, household income and subjective awareness of economic status were the major determinants of the preparation level for later life by both the former and the latter baby boomers. Fourth, former baby boomers who had greater awareness of the need to support their parents and their children were more likely to prepare for later life. Fifth, baby boomers' subjective awareness of their economic status chiefly explained the gap between their level of perceptions and their preparation for later life, with the former baby boomers with more children and single-earner households more likely to show a gap between their level of needs and their preparation for later life.