Factors that Determine the Class Consciousness and Life Satisfaction of Unmarried Adult Children Living with Their Parents: Focusing on the Effects of Parents' Socio- Economic Resources according to the Gender

Abstract

The purpose of this study is to clarify the influence of parents’ socio-economic resources on the class consciousness and life satisfaction of unmarried adult children living with their parents. Data from the 2<sup>nd</sup> year (1999) and 22<sup>nd</sup> year (2019) of the Korean Labor & Income Panel Study (KLIPS) were used. The study included individuals aged under 25-44 who were unmarried, lived with their parents, and had graduated out of final school. From the 2<sup>nd</sup> year (1999), data for 491 people were extracted, and from the 22<sup>nd</sup> year (2019), data for 978 people were extracted. The information on the fathers and mothers was obtained from the information on the households data, it was responded by the unmarried children. The main results are as follows. First, one of the characteristics of unmarried children living with their parents is that the average age was higher in 2019 than in 1999. Additionally, although they work and have their own income, they live in houses owned by their parents. Their levels of satisfaction with both the living environment and family relationships were high. It was found that the influence of parents’ income increased in 2019 compared with 1999 in the class consciousness. As a factor that influences life satisfaction, the employment status of the father has a positive effect on the life satisfaction for men, whereas the employment status of the mother has a positive effect on the life satisfaction for women.