Ageing,Health and Life Satisfaction of the Oldest Old: An Analysis for Germany |
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Authors: | Wencke Gwozdz Alfonso Sousa-Poza |
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Institution: | 1.Department of Intercultural Communication and Management,Copenhagen Business School,Frederiksberg,Denmark;2.Department of Household and Consumer Economics,University of Hohenheim,Stuttgart,Germany |
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Abstract: | This analysis uses data from the German Socio-Economic Panel and the Survey on Health, Ageing and Retirement in Europe to
assess the effect of ageing and health on the life satisfaction of the oldest old (defined as 75 and older). We observe a
U-shaped relationship between age and levels of life satisfaction for individuals aged between 16 and 65. Thereafter, life
satisfaction declines rapidly and the lowest absolute levels of life satisfaction are recorded for the oldest old. This decline
is primarily attributable to low levels of perceived health. Once cohort effects are also controlled for, life satisfaction
remains relatively constant across the lifespan. |
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Keywords: | |
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