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@article{ART002543829},
author={Kang SuJin and Wonseok Seo},
title={The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets},
journal={Journal of Regional Studies and Development},
issn={1738-3846},
year={2019},
volume={28},
number={3},
pages={59-82},
doi={10.22739/ipaid.2019.28.3.59}

TY - JOUR
AU - Kang SuJin
AU - Wonseok Seo
TI - The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets
JO - Journal of Regional Studies and Development
PY - 2019
VL - 28
IS - 3
PB - Institute for Poverty Alleviation and International Development: IPAID
SP - 59
EP - 82
SN - 1738-3846
AB - This study empirically analyzed the economic characteristics of the baby boom generation on depression focusing on income and assets. The analysis showed that personal, health and residential characteristics have similar results to several literature in relation to depression. In the case of economic characteristics, disposable income and debt-to-equity ratio were significantly affecting depression on the macro level, and in particular, debt-to-equity ratio was the most important factor affecting the depression of the baby boom generation. On the micro level, earned income, asset income and financial assets were having a significant effect on the depression, and in particular, financial asset was identified as the most important factor to reduce the depression due to the nature of their immediate use when necessary. These results indicate that the depression of the baby boom generation is closely related to the liquidity of loans and income/assets. Therefore, through policies such as increased motivation and support for pensions and savings for later life, stable cash flow through liquidating assets, and expansion of mental health programs for baby boom generation, social stability as well as stable retirement lives will be maintained.
KW - Baby Boom Generation;Economic Characteristics;Income;Assets;Depression
DO - 10.22739/ipaid.2019.28.3.59
ER -

Kang SuJin and Wonseok Seo. (2019). The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets. Journal of Regional Studies and Development, 28(3), 59-82.

Kang SuJin and Wonseok Seo. 2019, "The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets", Journal of Regional Studies and Development, vol.28, no.3 pp.59-82. Available from: doi:10.22739/ipaid.2019.28.3.59

Kang SuJin, Wonseok Seo "The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets" Journal of Regional Studies and Development 28.3 pp.59-82 (2019) : 59.

Kang SuJin, Wonseok Seo. The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets. 2019; 28(3), 59-82. Available from: doi:10.22739/ipaid.2019.28.3.59

Kang SuJin and Wonseok Seo. "The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets" Journal of Regional Studies and Development 28, no.3 (2019) : 59-82.doi: 10.22739/ipaid.2019.28.3.59

Kang SuJin; Wonseok Seo. The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets. Journal of Regional Studies and Development, 28(3), 59-82. doi: 10.22739/ipaid.2019.28.3.59

Kang SuJin; Wonseok Seo. The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets. Journal of Regional Studies and Development. 2019; 28(3) 59-82. doi: 10.22739/ipaid.2019.28.3.59

Kang SuJin, Wonseok Seo. The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets. 2019; 28(3), 59-82. Available from: doi:10.22739/ipaid.2019.28.3.59

Kang SuJin and Wonseok Seo. "The Impact of Economic Characteristics of Baby Boom Generation on Depression: Focusing on Income and Assets" Journal of Regional Studies and Development 28, no.3 (2019) : 59-82.doi: 10.22739/ipaid.2019.28.3.59