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KMID : 0379220170370020415
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Journal of Korea Gerontological Society
2017 Volume.37 No. 2 p.415 ~ p.430
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Asset Effects on Depression among Older Adults: Focusing on the Mediation Effects of Social Activities
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Kang Si-On
Han Chang-Keun
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Abstract
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This study aims to examine whether assets matter for depression among older adults and whether the relationship between assets and depression is mediated by social activities. The research questions are based on asset effect theory, stakeholder theory, and activity theory. This study used the 5th wave of KLoSA data which is a nationally representative data in Korea. Research findings are summarized as follows: First, we found the negative relationship between assets and depression of older adults. Second, The relationship between assets and depression was partially mediated by social activities of older adults. The findings suggest that older adults with assets are more likely to participate in social activities and accordingly their depression is likely to decline. Based on the empirical findings, we can propose that asset-building programs targeting older adults should be developed and that the financial education and saving chances should be given to middle-aged adults who need to prepare old age in the long-term perspective.
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KEYWORD
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assets of older adults , depression , social activities , asset effect theory , mediation effect
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