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KMID : 1001320170440010079
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Social Welfare Policy
2017 Volume.44 No. 1 p.79 ~ p.103
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The Effect of Employment Status on Life Satisfaction of the Elderly and Moderating Effects of Income and Health
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Moon Jung-Wha
Kang Min-Ah
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Abstract
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This study aims to empirically analyze the effects of the employment status on the life satisfaction of the elderly, and the moderating effects of income and health. For the study, we used data from the 2014 `National Data on the Elderly` research published by the Ministry of Health and Welfare and the Korea Institute. We used a hierarchical multiple regression analysis. According to the results, self-employed/employers and unpaid family workers showed higher levels of life satisfaction than the non-employed when we controlled for demographic factors such as employment status, income, and health variables. On the contrary, the daily employed worker displayed lower life satisfaction than the unemployed. Both regular and casual workers showed lower life satisfaction than non-workers, although the relationship was not statistically significant. Income and health were found to be strong factors influencing the satisfaction of life, and income also moderates the relationship between self-employed/employer and life satisfaction. Health was shown to moderate the relationship between self-employed/ employer, daily employed worker, unpaid family worker and life satisfaction. These results suggest needs for policy changes to create stable and high-quality jobs which consider quality of employment status, income and health of the elderly, rather than quantitative expansion of jobs to improve the elderly`s life satisfaction. In addition to this, it seems that better policies like the income guarantee and expanded health insurance coverage for the elderly are needed in parallel.
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KEYWORD
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elderly employment, employment precariousness, employment status, life satisfaction, moderating effect
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