Assets and a wife's marital satisfaction in Korea

Abstract

Assets have the potential to influence marital happiness and satisfaction. Using the two waves of the Korean Longitudinal Survey of Women & Families (KLoWF), this study examines the extent to which assets, debts (negative assets) and their changes are related to a wife's marital happiness and relation satisfaction with her husband, controlling for the socio-economic characteristics of the wife. This study found that financial assets, real assets and their changes have significant associations with a wife's marital happiness and relation satisfaction with her husband. Relatively, income was not strongly related to marital satisfaction. The findings of this study underscore the importance of assets for marital satisfaction.