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KMID : 1001320150420010055
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Social Welfare Policy
2015 Volume.42 No. 1 p.55 ~ p.79
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Asset Effect on Older Adult`s Depression: Is the Effect Mediated by Social Relation Network?
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Kim Ja-Young
Han Chang-Keun
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Abstract
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This study investigated asset effects on older adult``s depression and analyzed whether the effect is mediated by social relation network of older adults, using 2011 Survey Study on the Aged. This study used a hierarchical regression analysis to examine the mediating effect of the social relation network between assets and depression of older adults according to Baron & Kenny(1986). In addition, Sobel-test was used to look into the statistical significance of the mediating effect. Research findings of this study are as follows: First, assets were found to have negative impacts on the depression but positive impacts on social network. Second, we found not full but partial mediating effect of social network between assets and depression. The findings suggest that we need financial education and savings program targeting older adults to increase their asset level. In addition, the findings suggest that savings program should be tailored to enhance the quality of social relation network which also has impacts on depression. Further research on asset effects on quality of life of older adults is necessary to understand older adult``s successful aging.
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KEYWORD
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Older adults, assets, depression, social relation network, mediating effect
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