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KMID : 0379220170370030687
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Journal of Korea Gerontological Society
2017 Volume.37 No. 3 p.687 ~ p.705
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Assets of the Elderly and their Life Satisfactions: Mediating Effects of Financial and Emotional Support with their Children Not Living Together
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Won Do-Yeon
Noh Jae-Hyun
Shin Yong-Seok
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Abstract
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The purpose of present study is to examine the effects of the elderly’s assets on life satisfaction, and to examine the indirect effects, such as financial and emotional support exchange with their children, between their assets and life satisfaction. For this study purpose, the 5th data of the Korean Longitudinal Study of Aging (KLoSA) was used. Abstracted from the data, 1,977 cases only for the elderly over 65-year-old were analyzed by employing SPSS 23.0 and SPSS Process Macro. The analysis results are summarized as follows. First, the assets of the elderly had a positive direct effect on the satisfaction of life. Second, the elderly’s assets indirectly affected the satisfaction of life through the financial support exchange with their child(ren). Lastly, the elderly’s assets indirectly affected the satisfaction of life through the emotional support exchange with their child(ren). Based on these results, this study suggests practical and political implications in terms of social welfare for the elderly’s life satisfaction, so as to facilitate the elderly’s assets accumulation, and to enhance support exchange between the elderly and their child(ren).
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KEYWORD
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the elderly's assets, assets effect theory, social exchange theory, financial support exchange, emotional support exchange, life satisfaction
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