본문 바로가기
  • Home

The Effect of Income Sources on Life Satisfaction and Moderating Effects of Labor Market Participation in Old Age

  • Studies in Humanities and Social Sciences
  • Abbr :
  • 2017, (57), pp.31-54
  • DOI : 10.17939/hushss.2017..57.002
  • Publisher : Institute of Humanities and Social Sciences
  • Research Area : Interdisciplinary Studies > Interdisciplinary Research
  • Received : October 5, 2017
  • Accepted : November 6, 2017
  • Published : November 30, 2017

Seo Jong Gun 1 Yang Seongwook 2

1가톨릭대학교 사회복지학과
2제도와 사람 사회복지연구소

Accredited

ABSTRACT

This study examine the effect of income on life satisfaction for older people, with a focus on the moderating effect of labor market participation. This study utilized the fifth wave (2014) of a Korean Longitudinal Study of Aging from the Korea Labor Institute including 5,331 older people over 60. For the purpose of the analysis of the research question, this study categorized income by type (annual total income, labor income, and public pension) and used a hierarchical multiple regression analysis. The result shows that total income and labour market participation affect life satisfaction positively, and that labor market participation has a moderating effect on relation to total income and life satisfaction. Labor income has no effect on life satisfaction, but public pension income has positive effect on life satisfaction for older people. and there was no moderating effect on the relations. These results suggest that a need for policy revisions to create high-quality jobs that consider quality of income rather than quantitative expansion of jobs to improve life satisfaction of old age. In addition, they highlight a need to subdivide the labor market for older people and to maintain a proper proportion of public pensions.

Citation status

* References for papers published after 2023 are currently being built.