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논문 기본 정보
- 자료유형
- 학술대회자료
- 저자정보
- 발행연도
- 2017.12
- 수록면
- 389 - 404 (16page)
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이 논문의 연구 히스토리 (5)
2018
A Study on the Effect of Social Capital on the Subjective Well-being of Older Adults : Focusing on the Mediating Effect of Financial Satisfaction
Alan B
,
own
,
Jumong Na
아시아연구
2018.08
학술저널
The effect of Social Capital and Well Being of Older Adults in South Korea and Japan : The mediating effect of financial satisfaction
Alan B
,
own
,
Jumong Na
한국지역개발학회 학술대회
2018.06
학술대회자료
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초록· 키워드
오류제보하기
A large body of research provides evidence of the positive association between social capital and beneficial socioeconomic outcomes, making it an attractive vehicle for delivering such outcomes. In particular, social capital has been shown to positively influence the subjective well being of individuals. An important challenge for aged societies is how to ensure seniors enjoy successful later lives, with well being a necessary condition for this. For aging and aged societies, which face the prospect of increased strain on their social welfare systems coupled with a decreasing portion of economically active adults to support them, social capital is of particular policy interest. An additional factor driving increases in well being is financial satisfaction. For older adults, it is a stronger predictor of well being than other financial indicators. Our paper has two main objectives. First, we seek to clarify the relationship between social capital, financial satisfaction, and subjective well being. We hypoth size financial satisfaction as mediating the relationship between social capital and subjective well being for older adults. Second, we derive policy implications. We use data for South Korea from the 6th Wave of the World Values Survey (2010-2014), and test for mediation using regression analyses, following the approach of Baron and Kenny (1986). Our paper is important for the following reasons: By focusing on older adults and financial satisfaction, we fill in a gap in research on social capital and well being. Additionally, our research derives policy recommendations which can be applied in practice.
Our results confirmed the direct relationship between social capital and well being, as well as the mediating effect of financial satisfaction.
Implications of the study are as follows:
First, policies which build trust and norms, and support the strengthening of bridging social capital are likely to raise levels of well being for older adults in South Korea. Second, the indirect effect of social capital on well being would be increased for older adults by policies which strengthen financial satisfaction. Possible measures include conducting financial education programs (Xiao et al, 2014), as well as measures which improve the adequacy and stability of income (Vera-Toscano et al, 2006), with Kristoffersen (2015) finding that around fifty percent of the u-shape of life satisfaction over the life cycle is the result of financial concerns. These measures could include direct financial assistance, social employment, and community businesses.
Our results confirmed the direct relationship between social capital and well being, as well as the mediating effect of financial satisfaction.
Implications of the study are as follows:
First, policies which build trust and norms, and support the strengthening of bridging social capital are likely to raise levels of well being for older adults in South Korea. Second, the indirect effect of social capital on well being would be increased for older adults by policies which strengthen financial satisfaction. Possible measures include conducting financial education programs (Xiao et al, 2014), as well as measures which improve the adequacy and stability of income (Vera-Toscano et al, 2006), with Kristoffersen (2015) finding that around fifty percent of the u-shape of life satisfaction over the life cycle is the result of financial concerns. These measures could include direct financial assistance, social employment, and community businesses.
목차
Abstract
Ⅰ. Introduction
Ⅱ. Theoretical review
Ⅲ. Empirical analysis
Ⅳ. Results and discussion
Ⅴ. Conclusion
References
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