Social policy and late-life happiness
Category: Journal Articles
Park, S-M. (2018) Social policy and late-life happiness: the impact of the basic old-age pension on the happiness of older people in South Korea. Quality in Ageing and Older Adults 19(1): 3-13. https://doi.org/10.1108/QAOA-09-2016-0039
The purpose of this paper is to examine the relationship between social policy and late-life happiness by analyzing the impact of the basic old-age pension on the happiness of older people in South Korea.
People aged 65 and over selected from the Korean Longitudinal Study of Ageing are analyzed in the study.
It shows that the association between the basic old-age pension and the happiness of older people is negative. This may be attributable to the frugality of the benefits and the side effects of the means test.
This implies that the relationship between social policy and late-life happiness is not linear but it is affected by the context of the policy. It suggests that changing the fundamental benefit system to be more progressive can be a more useful policy option to realize the initial policy goal for recipients.
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