Literature DB >> 23581289

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

Hyo Jung Lee1, Jiyoung Lyu, Chae Man Lee, Jeffrey A Burr.   

Abstract

OBJECTIVES: This study examined whether the exchange of instrumental support (i.e., financial resources) among older adults and their children was related to the psychological well-being of older Koreans.
METHODS: Data from the Korean Longitudinal Study of Ageing were employed. Older adults who were aged 65 and older and who had at least one living child who did not live in the respondent's household were included (N = 3791). Well-being was measured with depressive symptoms (CES-D-10) and life satisfaction. For the direction model of exchange, giving and receiving support was assessed with financial aid (cash and non-cash). For the reciprocity model of exchange, four patterns of financial exchanges were identified: both giving and receiving, receiving only, giving only, and no exchange.
RESULTS: The results from the direction model showed that older adults who give financial support were less likely to be depressed and reported higher levels of life satisfaction. The effect of receiving support was not significant for depression but was related to higher levels of life satisfaction. The results from the reciprocity model showed that those who gave and received support had better psychological health compared to those who only received support.
CONCLUSIONS: 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.

Entities:  

Mesh:

Year:  2013        PMID: 23581289     DOI: 10.1080/13607863.2013.784955

Source DB:  PubMed          Journal:  Aging Ment Health        ISSN: 1360-7863            Impact factor:   3.658


  6 in total

1.  Relational Satisfaction from Providing and Receiving Support is Associated with Reduced Post-Disaster Depression: Data From Within One Year of the 2011 Japan Triple Disaster.

Authors:  Adam Jon Lebowitz
Journal:  Community Ment Health J       Date:  2016-02-24

2.  Financial transfers from adult children and depressive symptoms among mid-aged and elderly residents in China - evidence from the China health and retirement longitudinal study.

Authors:  Yue Wu; Wanyue Dong; Yongjian Xu; Xiaojing Fan; Min Su; Jianmin Gao; Zhongliang Zhou; Louis Niessen; Yiyang Wang; Xiao Wang
Journal:  BMC Public Health       Date:  2018-07-16       Impact factor: 3.295

3.  Influence of intergenerational relationships on depressive symptoms in ageing Chinese adults in Hong Kong: Mediating effects of sense of loneliness.

Authors:  Jia-Jia Zhou; Xue Bai
Journal:  BMC Geriatr       Date:  2022-07-15       Impact factor: 4.070

4.  Impact of intergenerational support and medical expenditures on depression: Evidence from rural older adults in China.

Authors:  Congrong Li; Qing Han; Jinrong Hu; Zeyu Han; Hongjuan Yang
Journal:  Front Public Health       Date:  2022-07-22

5.  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.

Authors:  Yeong Jun Ju; Kyu-Tae Han; Tae-Hoon Lee; Woorim Kim; Juyeong Kim; Eun-Cheol Park
Journal:  Health Qual Life Outcomes       Date:  2016-07-26       Impact factor: 3.186

6.  A longitudinal analysis of the association between the living arrangements and psychological well-being of older Chinese adults: the role of income sources.

Authors:  Zi Zhou; Lun Cai; Meilan Zhuang; Y Alicia Hong; Ya Fang
Journal:  BMC Geriatr       Date:  2019-12-10       Impact factor: 3.921

  6 in total

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