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KMID : 0379220240440020091
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Journal of Korea Gerontological Society
2024 Volume.44 No. 2 p.91 ~ p.106
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Patterns of Retirement Satisfaction Trajectory and Their Associated Factors in Korean Middle-aged and Older Male Retirees
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Song Si-Young
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Abstract
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The purpose of this study was to identify patterns of retirement satisfaction trajectory and their associated factors among middle-aged and older male retirees using data from the 5th (2014) to 8th (2020) waves of the Korean Longitudinal Study of Ageing (KLoSA). To this end, a three-step approach to the Latent Class Growth Model (LCGM) and multinomial logistic regression analysis were conducted on the sample of 543 male retirees over the age of 50 who responded that they had fully retired during the 5th to 8th waves. As a result of the analysis of the Latent Class Growth Model analysis, the retirement satisfaction of middle-aged and older male retirees was derived as 'high-level of retirement satisfaction maintaining type', 'increased retirement satisfaction type', and 'low-level of retirement satisfaction maintaining type'. The results of the multinomial logistic regression analysis showed that subjective economic status, frequency of social activities, subjective health status, and age significantly predicted the trajectories of retirement satisfaction, and in particular, it was found that those with high subjective economic status were more likely to belong to the high-level of retirement satisfaction maintaining type than the low-level of retirement satisfaction maintaining type or the increased retirement satisfaction type. This study examined the patterns of retirement satisfaction trajectory among middle-aged and older male retirees by subdividing them, and in particular discussed what level of preparation would be needed to prepare for their retirement.
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KEYWORD
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Middle-aged and Older Male Retirees, Retirement Satisfaction, Latent Class Growth Model
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