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KMID : 1023720160710040477
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Journal of Welfare for the Aged
2016 Volume.71 No. 4 p.477 ~ p.502
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Determining Factors of Life Satisfaction of Elderly Households by their Consumption Pattern
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Kim Jin-Hun
Koh Bo-Sun
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Abstract
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The purpose of this study was to classify the consumption pattern of elderly households and identify the determining factors of satisfaction with life of elderly households by their consumption pattern. The 4th wave of Korean Longitudinal Survey of Ageing (KLoSA, 2012) was used in this study and 1,813 elderly people were finally selected as analysis subjects by extracting only the households of single elderly and elderly couple aged 65 or older through the condition setting of age, marital status and the number of household member. K-means cluster analysis was conducted to classify consumption pattern of elderly households and multiple regression analysis was used to investigate the determining factors of satisfaction with life of elderly households by their consumption pattern. The analysis results revealed that expenditure for education and culture of elderly households was less than monthly average 10,000 KRW and satisfaction with health and economic conditions was below the average. In addition, the elderly households with `low food expense consumption-centered type,` which accounted for more than half of the entire cases, had the lowest satisfaction with life. Based on these study results, the conclusion suggests the need of implementation of culture voucher system for elderly, Senior citizens community life, life-turning point medical checkup, elderly consumers information center, and systematic support for prevention and management of chronic diseases.
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KEYWORD
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elderly households, consumption pattern, satisfaction, cluster analysis
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