|
KMID : 1124020160320020001
|
|
Korean Social Security Studies
2016 Volume.32 No. 2 p.1 ~ p.30
|
|
|
The Comparative Analysis between the Baby Boom Generation and Its Previous and Next Generations - Focused on the Effects of the Household Asset and Income on Life Satisfaction
|
|
Kang So-Rang
Choi Eun-Young
|
|
|
Abstract
|
|
|
|
This study paid attention to the baby boom generation and analyzed the effects of the household asset and income of the baby boom generation (born in 1955~1963), its previous generation (1941~1954) and its next generation (1964~1974) on life satisfaction using the 17th source material (2014) of the Korea Labor and Income Panel Study(KLIPS). Also, to directly compare the baby boom generation``s characteristics to those of its previous and next generations, this study input the interaction variable, which combined the independent variable with groups of the baby boom generation and its previous and next generations, to estimate the difference between generations. As a result of OLS regression analysis, as for the baby boom generation, the more the real estate asset, financial asset, real estate income and public transfer income were increased the more life satisfaction increased; therefore, the result showed these variables were important for improvement of the baby boom generation``s life satisfaction. Due to the result of this study, the necessity of positively using the reverse mortgage (housing pension), continuous participation in the labor market for accumulation of financial assets and necessity of measures for improvement of public pension rights were discussed.
|
|
|
KEYWORD
|
|
|
baby boom generation, household asset and income, life satisfaction, comparison between generations
|
|
|
FullTexts / Linksout information
|
|
|
|
|
|
Listed journal information
|
|
|
|