Longitudinal Effects of Economic Preparation and Social Activities on Life and Family Relationship Satisfaction among Retirees |
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| Authors: | Jihyun Park Aely Park |
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| Affiliation: | 1. Department of Social Work, Pyeongtaek University, Pyeongtaek, Kyeonggi‐Do, South Korea;2. School of Social Work, Ewha Womans University, Seodaemun‐gu, Seoul, South Korea |
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| Abstract: | 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. |
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| Keywords: | age‐related change economic preparation life satisfaction retiree satisfaction with family relationship social engagement |
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