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Examining the Factors That Affect the Preparation of Life after Retirement and Quality of Life of South Korean Adults across Different Age Groups

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  • Mi-Lyang Kim

    (Department of Sport, Leisure, & Recreation, Soonchunhyang University, Asan 31538, Korea)

  • Young-Han Lee

    (Department of Kinesiology, Sport Studies, Mississippi State University, Mississippi State, MS 39762, USA)

  • Seo-Youn Hong

    (Department of Sport, Leisure, & Recreation, Soonchunhyang University, Asan 31538, Korea)

Abstract

The aim of the current study is twofold. First, a preliminary analysis was conducted to discover the important factors in terms of preparing for life after retirement across different South Korean age groups (i.e., the 30s, 40s, and 50s). In this process, the level of importance and the statistical significance of the group difference were confirmed based on the ANOVA results. Second, a stepwise regression technique was utilized, as the main analysis, to explore the association between the preparation for life after retirement factors and perceived quality of life. One-way ANOVA analysis results indicated that there were significant differences between age groups in terms of leisure activities, psychological health, physical health, and emotional health factors ( p < 0.001). No difference in factors pertaining to family relationships, finances, and social relationships was observed. Furthermore, the stepwise regression analysis results entail that financial stability and psychological health proved to be the most dominant factors associated with quality of life regardless of age. While the family relationship was an important factor for the 40s group, the 50s group perceived emotional health as an important factor that relates to their quality of life. In essence, it is important to provide educational programs and materials that are readily accessible to individuals preparing for retirement to promote successful preparation toward retirement and improving quality of life.

Suggested Citation

  • Mi-Lyang Kim & Young-Han Lee & Seo-Youn Hong, 2021. "Examining the Factors That Affect the Preparation of Life after Retirement and Quality of Life of South Korean Adults across Different Age Groups," Sustainability, MDPI, vol. 13(10), pages 1-12, May.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:10:p:5351-:d:552115
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    References listed on IDEAS

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    1. Chong-Uk Kim & Gieyoung Lim, 2015. "Corruption and Economic Growth: A South Korean Study," Journal of Reviews on Global Economics, Lifescience Global, vol. 4, pages 1-7.
    2. Younga Kim, 2015. "Changes in Precarious Employment Among South Korean Women," Mathematical Population Studies, Taylor & Francis Journals, vol. 22(2), pages 101-123, June.
    3. Ik Kim & Cheong-Seok Kim, 2003. "Patterns of Family Support and the Quality of Life of the Elderly," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 62(1), pages 437-454, April.
    4. Neda Agahi & Kozma Ahacic & Marti G. Parker, 2006. "Continuity of Leisure Participation From Middle Age to Old Age," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 61(6), pages 340-346.
    5. Anna E. Kornadt & Peggy Voss & Klaus Rothermund, 2018. "Subjective remaining lifetime and concreteness of the future as differential predictors of preparation for age-related changes," European Journal of Ageing, Springer, vol. 15(1), pages 67-76, March.
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