ABSTRACT

The purpose of this study is to analyze economic factors influencing life satisfaction of older adults at pension-eligible age and then to discuss implications for the findings. Data from the KReIS in 2021(9th) 4,895 older adults aged 62 or older at Pension-Eligible Age were selected for this study. For the analysis, an ordered logistic regression analysis was performed in consideration of the characteristics of the dependent variable. The results of analysis are summarized as follows. First, household income significantly positively affected the life satisfaction of older adults aged 62 and older, respectively. Second, house-ownership significantly positively affected the life satisfaction of older adults aged 62 and older, respectively. Third, basic livelihood security receipt had a significant negative impact on the life satisfaction of older adults aged 72 and older. Fourth, special occupational pension receipt significantly positively affected the life satisfaction of older adults aged 62 and older, respectively. Policy implications of analysis are summarized as follows. First, careful policy consideration is needed regarding support for the economic activities of older adults. Second, we need to explore ways to increase household income for older adults households. Third, it is necessary to find ways to reduce or integrate the gap between the national pension and special occupational pensions.