Factors Influencing Economic Activity Participation Among Korean Older Adults

This study aimed to examine factors influencing Korean elderly participation in economic activities. We conducted a logistic regression analysis using data from 550 elderly people aged 65 years or more in 15 cities and provinces. It was found that elementary school graduates, high monthly income, high level of IADL, house owners, high levels of support from family, friends, and neighbors, and residential environment were factors associated with higher participation in economic activities. The possibility of participation in economic activities increased as the degree of IADL increased in individual factors. In economic factors, those with a high monthly income and those who owned homes were more likely to participate in economic activities. In social and environmental factors, the possibility of economic activity increased when support from family, friends, and neighbors and the level of housing environment were increased. Based on these findings, ways to promote a stable life for the elderly and implications for practice and research are discussed.