Premium
Longitudinal Effects of Economic Preparation and Social Activities on Life and Family Relationship Satisfaction among Retirees
Author(s) -
Park Jihyun,
Park Aely
Publication year - 2016
Publication title -
asian social work and policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.286
H-Index - 13
eISSN - 1753-1411
pISSN - 1753-1403
DOI - 10.1111/aswp.12074
Subject(s) - unobservable , life satisfaction , baby boomers , term (time) , longitudinal study , psychology , longitudinal data , panel data , control (management) , demographic economics , economics , social psychology , demography , sociology , medicine , econometrics , physics , management , pathology , quantum mechanics
This longitudinal study examined the long‐term effects of economic preparation and social activity on life and family relationship satisfaction among retirees, particularly baby boomers. Data was obtained from the 2009 and 2011 Korean Retirement & Income Panel Study. A fixed effects model was employed to estimate unobservable individual‐specific effects and to control for study participants’ individual characteristics. The results show that both economic preparation and social activities have long‐term effects on baby boomers’ life and family relationship satisfaction. This study reveals that multidimensional aspects of preparation increase the long‐term impact of life satisfaction for retirees.