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<p>This study aims to investigate whether time since homeownership is associated with life satisfaction in older adults, and this association varies between men and women. The study analyzed data from 3,460 older adults (2,025 older women and 1,435 older men) over seven waves of the Korean Longitudinal Study of Aging (KLoSA) spanning 12&#xa0;years between 2006 and 2018. Fixed effects models were employed to estimate within-person differences in life satisfaction trajectories in response to homeownership, while accounting for unobserved individual-level confounding factors. The preferred fixed effects estimates suggest that accounting for unobserved individual-level heterogeneity significantly attenuated the association between time since homeownership and life satisfaction in older adults, although the association remained statistically significant. Gender-specific analyses revealed that this attenuation pattern was only evident in older women and not in older men. The association for older men was statistically significant in fixed effects models: Since homeownership, the life satisfaction of older men has continued to rise (up to four or more consecutive waves). The findings of this study highlight the need for policies that promote stable homeownership among older adults, particularly by addressing gender-specific factors that may influence the long-term benefits of homeownership. Implementing such policies could enhance well-being and reduce disparities in life satisfaction during later life.</p>

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Late homeownership and life satisfaction among older adults: an examination of long-term effects and gender differences

  • 期刊论文

  • 发表日期：

    2025年3月19日

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  • Gum-Ryeong Park,
  • HyunJee Park,
  • Jinho Kim

摘要

This study aims to investigate whether time since homeownership is associated with life satisfaction in older adults, and this association varies between men and women. The study analyzed data from 3,460 older adults (2,025 older women and 1,435 older men) over seven waves of the Korean Longitudinal Study of Aging (KLoSA) spanning 12 years between 2006 and 2018. Fixed effects models were employed to estimate within-person differences in life satisfaction trajectories in response to homeownership, while accounting for unobserved individual-level confounding factors. The preferred fixed effects estimates suggest that accounting for unobserved individual-level heterogeneity significantly attenuated the association between time since homeownership and life satisfaction in older adults, although the association remained statistically significant. Gender-specific analyses revealed that this attenuation pattern was only evident in older women and not in older men. The association for older men was statistically significant in fixed effects models: Since homeownership, the life satisfaction of older men has continued to rise (up to four or more consecutive waves). The findings of this study highlight the need for policies that promote stable homeownership among older adults, particularly by addressing gender-specific factors that may influence the long-term benefits of homeownership. Implementing such policies could enhance well-being and reduce disparities in life satisfaction during later life.