Intergenerational financial exchange and the psychological well-being of older adults in the Republic of Korea

Abstract

Both giving and receiving were positively related to the psychological well-being of older adults. Our results provide support for identity theory and equity theory as frameworks for understanding intergenerational exchange and well-being of older Koreans.

Does relationship satisfaction and financial aid from offspring influence the quality of life of older parents?: a longitudinal study based on findings from the Korean longitudinal study of aging, 2006–2012

“…Additionally, the number of older Korean adults living alone has increased 2.5-fold since 2000, and currently accounts for a quarter of the elderly population [ 8 ]. These phenomena have intensified in recent years, because the tradition of family care, including offspring support, which has played a dominant role in old-age security is rapidly breaking down due to modernization and industrialization [ 11 , 12 ]. This indicates that the overall wellbeing (i.e., QoL) of older adults may be at risk.…”

“…Consequently, we can infer that guaranteed financial security would improve the QoL of elderly individuals. Few studies have examined how financial support received by an elderly person from their offspring impacts their QoL [ 11 , 12 ]. Emotional support from offspring is also an important factor influencing QoL among the elderly population [ 13 , 14 ].…”

“…Although previous studies on QoL, as it relates to adult offspring support, have been conducted in various Eastern and Western countries [ 18 , 19 ], few studies have been performed in Asian countries, including Korea. However, the few studies that have been conducted in Korea focused only on financial or emotional support; furthermore, these studies were cross-sectional in nature [ 11 , 12 ]. This limits our understating of the multidimensionality of the QoL of elderly populations.…”

Bystander attitudes toward parents? The perceived meaning of filial piety among Koreans in Australia, New Zealand and Korea

“…This tradition has been a core value forming the basis of many moral and social conventions in Korean society [4,5]. The bulk of care for aged parents is provided initially by family members before any formal support is supplied by social institutions [6,7]. Adult children are expected to not only provide care for their parents, but also to express respect for them at all levels of family, community and societal interactions [8].…”

Equidad en el apoyo social recíproco y satisfacción vital en personas mayores

“…Las relaciones con los hijos adultos son otro factor clave del bienestar (Fernández-Ballesteros, 2002;Nyqvist, Forsman, Giuntoli, & Cattan, 2013), aunque se ha resaltado su complejidad porque combinan recursos y necesidades de ambas partes (Ang & Malhotra, 2016;Lee, Lyu, Lee, & Burr, 2013). Las relaciones con otros familiares adultos, principalmente los hermanos, apenas han sido estudiadas (Thomas, 2010;Voorpostel, Lippe, Dykstra, & Flap, 2007).…”