부산대학교 도서관

An increasing number of studies show a positive link between social capital and beneficial socio-economic outcomes, and suggest social capital as an attractive means of delivering such results. In particular, social capital has a positive impact on individual subjective well-being, an important challenge facing older adults. A second factor linked to subjective well-being is financial satisfaction. The goals of this study are thus to investigate whether social capital affects the subjective well-being of older adults, and to establish if financial satisfaction mediates this relationship. South Korean data from the 6th World Values ​​Survey (2010 - 2014) are used, and regression analysis is used to carry out mediation analysis following the approach of Baron and Kenny (1986). The results of this study confirm the direct relationship between social satisfaction and subjective well-being as well as the mediating effect of financial satisfaction. The implications of this study are as follows. First, policies that build trust and norms are likely to enhance the well-being of older adults in Korea. Second, the indirect effect of social capital on the subjective well-being of older adults will be improved by financial satisfaction enhancing policies. Such policies may include financial education programs as well as improving the adequacy and stability of income through direct financial assistance, social employment, and community building projects.