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The Impacts of Subjective Health and Life Expenses on Quality of Life for Korean Elderly People

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  • Won Seok Lee

    (Department of Tourism and Recreation, Kyonggi University, Suwon 443760, Republic of Korea)

  • Joonho Moon

    (Department of Tourism Administration, Kangwon National University, Chuncheon 24341, Republic of Korea)

Abstract

The proportion of elderly individuals has been increasing in Korea. Under this condition, it is essential to understand the behavioral characteristics of elderly individuals to build adequate policies. The purpose of this research was to investigate the determinants of quality of life for Korean senior citizens, specifically, their subjective health and their regular medical, housing, and clothing expenditures. Data were collected from a Korean senior citizen research panel, and the study period was 2018–2020. Multiple linear panel regression analyses were conducted for the analysis of panel data, which includes ordinary least squares, random effects, and fixed effects. In the results, quality of life for older Korean adults was positively affected by subjective health and clothing expenditures. However, quality of life was negatively influenced by medical and housing spending. The results of this work could offer information for building policies for better senior welfare.

Suggested Citation

  • Won Seok Lee & Joonho Moon, 2023. "The Impacts of Subjective Health and Life Expenses on Quality of Life for Korean Elderly People," Sustainability, MDPI, vol. 15(22), pages 1-11, November.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:22:p:15868-:d:1278533
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    References listed on IDEAS

    as
    1. Mariacristina De Nardi & Eric French & John B. Jones, 2010. "Why Do the Elderly Save? The Role of Medical Expenses," Journal of Political Economy, University of Chicago Press, vol. 118(1), pages 39-75, February.
    2. Shila Minari Hargreaves & António Raposo & Ariana Saraiva & Renata Puppin Zandonadi, 2021. "Vegetarian Diet: An Overview through the Perspective of Quality of Life Domains," IJERPH, MDPI, vol. 18(8), pages 1-23, April.
    3. Hye Jung Jung & HaeJung Kim & Kyung Wha Oh, 2016. "Green Leather for Ethical Consumers in China and Korea: Facilitating Ethical Consumption with Value–Belief–Attitude Logic," Journal of Business Ethics, Springer, vol. 135(3), pages 483-502, May.
    4. Fahad D. Algahtani & Sehar-un-Nisa Hassan & Bandar Alsaif & Rafat Zrieq, 2021. "Assessment of the Quality of Life during COVID-19 Pandemic: A Cross-Sectional Survey from the Kingdom of Saudi Arabia," IJERPH, MDPI, vol. 18(3), pages 1-12, January.
    5. Joonho Moon & Won Seok Lee & Jimin Shim, 2022. "Effect of Travel Expenditure on Life Satisfaction for Middle-Aged and Older Adults in Korea: Moderating Effect of COVID-19 Pandemic," IJERPH, MDPI, vol. 19(20), pages 1-8, October.
    6. Hyein Shim & Won Seok Lee & Joonho Moon, 2023. "The Relationships between Food, Recreation Expense, Subjective Health, and Life Satisfaction: Case of Korean People with Disability," Sustainability, MDPI, vol. 15(11), pages 1-11, June.
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