• Journal of Digital Convergence
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• v.16 no.1
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• pp.439-452
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• 2018

This study aims to empirically structure the patterns of consumption and their effects on depression among the employed baby-boomers who were born in 1955 to in 1963. We used the 5th wave of Korea Retirement and Income Study(KReIS) in 2013 (n=2,585). The Latent Profile Analysis(LPA) estimated the empirical patterns of consumption and then a multiple regression analyzed the effect of consumption patterns on depression. The LPA results showed that the consumption patterns consist of four groups: Basic life-oriented class, Social life-oriented class, Home-based lifestyle class, and Advanced consumption-oriented class. The working baby boomers' depression was associated with their consumption patterns. Specifically, the social life-oriented class showed significantly lower depression than the basic life-oriented class and advanced consumption-oriented class. Other associates with higher levels of depression were found as lower education, having no spouse, lower self-rated health, higher levels of physical limitation, having a diagnosed disability, lower satisfaction with leisure activities, lower income, and lower subjective economic status in this study. Based on the results of this study, we propose the need for specialized financial intervention better for baby-boomers' retirement preparation in Korea.

• The Journal of the Korea institute of electronic communication sciences
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• v.6 no.6
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• pp.921-928
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• 2011

As the Baby Boom Generation continues to age and face retirement, they are expected to reduce the overall demand for housing and liquidate assorted assets, triggering significant changes in the real estate market. With that in mind, this report analyzes the characteristics and the asset structure of the average Korean Baby Boomer to better understand the impact their retirement will have on the real estate market and what actions the domestic financial institutions should take in response.

• 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.

• The Korean Journal of Community Living Science
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• v.27 no.1
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• pp.49-65
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• 2016

This study explores the effects of rural migrant characteristics and conjugal communication on life satisfaction of baby boomer rural migrants. A total of 205 Korean baby boomers, who are living in rural areas in the year of 2013 that had migrated from cities back in 2003 with their families, were analyzed. Their age ranged from 49 to 57 years. The statistical methods used for data analysis were descriptive statistics, t-test, and hierarchical regression analysis, with SPSS Win 20.0 program. The results of this study are summarized as follows: the reasons these baby boomers chose a rural lifestyle were 'for life after retirement,' 'because rural life is good,' 'for health reasons,' and 'for chosen profession.' The level of conjugal communication (M=3.69) and life satisfaction (M=3.23) were higher than average (M=3.0). The variables influencing life satisfaction of baby boomer rural migrants were 'increased property size,' 'better conjugal communication,' 'better health condition,' 'lower levels of money,' and 'length of time spent farming.' Furthermore, in terms of life satisfaction, the relative contributions of these variables are as follows: general characteristics 20%, rural migrant characteristics 10%, and the level of conjugal communication 6%. These results show that conjugal communication is a very important variable, as well as a rural migrant characteristic when it comes to life satisfaction of these baby boomers. Therefore, to improve life satisfaction of baby boomer rural migrants, support programs need to focus on both farming and conjugal relationships.

• 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.

• Journal of Korea Entertainment Industry Association
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• v.14 no.7
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• pp.549-558
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• 2020

The purpose of this study is to provide basic data for the establishment of welfare facilities for baby boomers and the development of services and programs by studying the effects of baby boomers' preparation for old age on the intention to use welfare facilities for the elderly. The subjects of this study were 385 baby boomers (1955-1963) living in J city, Chungbuk. Multiple regression analysis was conducted to examine the factors influencing the intention to enter welfare facilities. The results of this study showed that baby boomers' preparation for old age did not have a significant effect on the intention to use the elderly welfare center, and only the economic preparation had a significant effect on the intention to use the senior club, and the emotional preparation had a significant effect on the intention to use the 50+ center and the baby boomer welfare center. Based on the results of this study, policy suggestions are as follows: First, senior clubs need to expand services for employment and start-up that can help prepare for economic retirement. Second, various job policies using baby boomers' skills and knowledge are needed. Third, the 50+ center and the baby boomer welfare center need to develop professional counseling and education programs for prevention and treatment of emotional and psychological problems. Fourth, it is necessary to provide and develop programs to promote interpersonal relations and social activities for emotional stability and support.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.14 no.2
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• pp.655-664
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• 2013

This study aims to identify forecasting factors of baby boomer's social participation desire. For this purpose, I utilized Hyun-Jung Kang(2012)'s data whose 1,115 sample were collected based on residential area and gender. The major findings are as follows; First, 77.7% of baby boomers are actually participating in economic activities. 27.0% in volunteering activities and 79.3% in leisure activities. 80.9% of baby boomers have intention to participate in economic activities after retirement, 76.7% in volunteering activities after retirement and 82.2% in leisure activities after retirement. Second, looking at the relationship between current social activity participation and intention to participate after retirement, those who are currently having social activities turn out to have higher intention to participate social activities after retirement. Those who wish to participate in social activities, although they don't participate in social activities currently, turn out to be 55.8% for economic activities, 70.6% for volunteering activities and 66.5% for leisure activities. Third, whether they are currently participating in social activities turns out to be most compelling forecasting factor for the desire on social participation after retirement. These results were discussed in terms of the continuity theory. and proposed that you need from the preparation of Middle - aged to activate the participation of important social variables known as old age life satisfaction.

• 한국노년학
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• v.37 no.2
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• pp.349-368
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• 2017

The purpose of this study is to empirically structure the patterns of baby boomer retirees'consumption and their effects on depression in later life. Using the 5th wave of Korea Retirement and Income Study(KReIS) in 2013, of baby boomers born in 1955 to 1963, we analyzed those who were completely retired(n=420). The Latent Profile Analysis(LPA) classified the empirical patterns of consumption and then a multiple regression analyzed the effect of consumption patterns on depression among these baby boomer retirees. The LPA results showed that the consumption patterns consist of five groups: (1) Basic life-oriented class(26.9%), (2) Balanced consumption class(29.3%), (3) Social life-oriented class(18.3%), (4) Leisure-oriented class(18.5%), and (5) Education-oriented class(7.0%). Baby boomer retirees' depression was associated with their consumption patterns. Specifically, the basic life-oriented class showed significantly lower depression than the education-oriented class. Other correlates such as higher education, having no spouse, lower subjective health, greater limitations in physical functions, having a diagnosed disability, having fewer children, higher dissatisfaction with leisure activities, and lower self-perceived economic status were associated with higher levels of depression in this study. These findings suggest meaningful implications for gerontological policy and practice for baby boomer retirees in Korea. In light of vulnerable retirement preparation, social services specialized for baby boomers should consider financial education for revamping consumption scale beyond asset management and long-term case management of pre and post retirement cases.

• 한국노년학
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• v.31 no.4
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• pp.855-870
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• 2011

This paper investigates the effect of retirement-related subjective expectations on the capital accumulation of the Korean baby-boom generation. Using the 1st, 2nd waves of the KLoSA (2006, 2008), we estimate the distributional effects with quantile regression. In addition, the endogeneity of the expectation variables is handled using the fixed effect model. The quantile regression results reveal that the schooling, gender and the number of children are important determinants, but their effects are heterogenous across quantiles to a significant margin. The expectations of the stronger bequest motives and longer lifespan turned out to lead to more capital accumulation. The expectation regarding the expanded role of government retirement support seemed to crowd out private savings for the baby boomers with the total assets over 0.7 percentile.

• Journal of The Korea Institute of Healthcare Architecture
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• v.29 no.4
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• pp.21-28
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• 2023

Purpose: This study is to analyze the preferences for future senior housing that reflects the characteristics of the new generation of seniors and to consider the direction of future senior housing. Methods: Data from an online survey of a new generation of older adults and group interviews with professionals and baby boomers were analyzed. The data collected from the survey and interview have been using quantitative analysed method. Literature surveys also have been carried out. Results: The results show that future senior housing requires a change in perception through conceptual expansion from the Aging in Place (AIP) to the Aging in Community (AIC) paradigm. The preferences of the new generation of seniors for future senior housing were examined to determine their preferences for location, facility size and type, unit floor plans and services, and living costs. Implications: The direction of senior housing services and architectual plans for seniors aged 55 to 65 years old were discussed.