A Typology and Life Satisfaction of Older Koreans: A Longitudinal Comparison

Posted: 20 May 2019

See all articles by Kwon Jung

Kwon Jung

KDI School of Public Policy and Management

Date Written: May 20, 2019

Abstract

Aging is a global phenomenon for many countries and Korea is not an exception. After becoming an aging society in 2000, Korea turned an aged country in 2017 by having 14.3% of its population with older than 65 years old. It is expected to become a super-aged society by 2025 (Statistics Korea 2018). No other country in the world has aged this fast. Unlike other developed countries that had a lot more time to deal with the aged population, Korean has to deal with the aging population without much preparation time. In this fast transition, knowing who they are and how they transform as aging progresses is important for both policymakers and businessmen. The objective of this study is to identify different segments of older Koreans based on their value system and to make a longitudinal comparison by using survey data collected in 2009 and 2017.

Keywords: Older Koreans, Segmentation, Aspiration, Life Satisfaction

JEL Classification: M39

Suggested Citation

Jung, Kwon, A Typology and Life Satisfaction of Older Koreans: A Longitudinal Comparison (May 20, 2019). KDI School of Pub Policy & Management Paper , Available at SSRN: https://ssrn.com/abstract=3391035

Kwon Jung (Contact Author)

KDI School of Public Policy and Management ( email )

263 Namsejong-ro
Sejong-si 30149
Korea, Republic of (South Korea)

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