Factors on Subjective Wellbeing among Retiring Baby-Boomers of Korea: with Mediation of Preparedness for Retirement

An unprecedented number of baby-boomers will enter retirement in the coming decades without adequate resources. The present study is to investigate the factors determining Subjective Wellbeing of baby-boomers. A national survey with a random sample which selected those born between 1955 and 1963 and maintained employment status. Herarchical regression analysis was used to examine the the suggested hypothetical model with mental health status, social relations, and the preparedness for retirement were significant predictors of subjective wellbeing of the baby-boomers in Korea. However, unlike the researcher's anticipation, health status, marital satisfaction and socio-demographics variables (gender, age, and education) showed a weak association (p>.05). The findings have important implications for how emotional stability and social activities should be maintained or developed for individuals who are reaching the retirement and ageing. A recommendation for a further study and policy implications were discussed.