Demographic and Socioeconomic Determinants of Self-Efficacy: An Empirical Study of Korean Older Adults

Abstract

This study conceptualizes the dimensions of older adults' self-efficacy and identifies its determinants by using panel data collected by the National Pension Research Institute in Korea. The analysis supported the conceptualization of older people's self-efficacy as a multidimensional construct and found strong support for the three subscales. For older adults in Korea, general self-efficacy was condensed into a sense of competence. Older adults' social self-efficacy was delineated into two subscales: inward social self-efficacy and interactive social self-efficacy. Inward social self-efficacy could be characterized as a set of inward-looking social capabilities, whereas interactive self-efficacy could be considered as a set of relation-oriented capabilities with various groups of individuals. Of the three regression models representing dimensions of older people's self-efficacy, each model uncovered its own set of variables that played a decisive role in perceived self-efficacy. Demographic variables were more effective determinants of older adults' self-efficacy than socioeconomic factors.