Intergenerational Coresidence and Life Satisfaction in Old Age: The Moderating Role of Homeownership

Bo Kyong Seo () and Ji Hye Kim ()
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Bo Kyong Seo: The Hong Kong Polytechnic University
Ji Hye Kim: Sogang University

Applied Research in Quality of Life, 2022, vol. 17, issue 5, No 35, 3199-3216

Abstract: Abstract Household structure for older people’s subjective well-being is important to promote healthy ageing in the context of the rapid increase of the older population. Living with adult children is known to promote older people’s life satisfaction, a key indicator of subjective well-being, whereas others claim a negative impact of such intergenerational coresidence. This study aims to empirically test these theories (family support vs. family conflict), by examining the role of homeownership–another important factor contributing to subjective well-being–in this association between intergenerational coresidence and life satisfaction. Analysing the nationally representative data on the elderly population in South Korea, the findings showed that intergenerational coresidence decreases life satisfaction when the elderly achieve a certain level of housing security by living in owner-occupied housing. Living with adult children is negatively associated with life satisfaction particularly for older old homeowners compared to younger old owners. Our findings provide implications for public policies promoting intergenerational coresidence and asset-based welfare to enhance older people’s well-being in Korea and more broadly in East Asia.

Keywords: Intergenerational coresidence; Life satisfaction; Homeownership; Ageing in place; Asset-based welfare; East Asia (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s11482-022-10062-y

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