The purpose of this study was to find out the relations among multiple role characteristics of employed women in mid-life which could explain life satisfaction and generativity and to examine the mediating role of generativity among those relations. Participants were 262 full-time employed married woman. To identify the relations and mediating role, stepwise regression analyses were used and a path model based the analyses was drawn out. According to the model, socio-economic status, job satisfaction and intimacy explained directly life satisfaction and indirectly explained it when mediated by generativity. The variables such as wife role and contribution to domestic economics explained directly life satisfaction without a mediator generativity. The period of marriage, education and mother role did not influence directly but indirectly upon life satisfaction when generativity was employed as a mediator.