Assets and Life Satisfaction Patterns Among Korean Older Adults: Latent Class Analysis

This study aims to examine the association of assets with life satisfaction patterns among Korean older adults aged 50 and above. This study used the first two panel data sets (2005 and 2007) from the Korean Retirement and Income Study, which collected information from a nationally representative sample. Key independent variables include financial assets, real assets, and debts. This study classifies overall patterns of life satisfaction using seven multi-dimensional items via Latent Class Analysis. Multinomial regression models were used to determine factors related to estimated life satisfaction patterns after the data were adjusted by weighting and multiple imputation. This study found three classes of life satisfaction at both waves: low, moderate, and high. During the 2-year study period, significant portions of older adults moved upward (23%) and downward (22%) in their life satisfaction patterns. Consistent with the asset effect theory, this study found that assets and debts are significantly associated with life satisfaction patterns and longitudinal changes in these patterns. The study findings suggest that older adults’ life satisfaction can be maintained or promoted through economic security. Financial planning programs combined with asset accumulation may help older adults to achieve economic security and associated life satisfaction.     

Asset Impacts on Life Satisfaction in an Asset-Rich Country: Focusing on Older Adults in Singapore

Using a representative sample, this study examined the extent to which assets matter for life satisfaction among older adults in Singapore. Singapore is a particularly useful context to explore the relationship between life satisfaction and assets because almost all Singaporeans own their own house, regardless of income level. First, this study used a latent profile analysis to assess patterns of life satisfaction. Then, asset impacts on this pattern of life satisfaction were examined, while controlling for contextual and health factors. The study found that financial assets matter for life satisfaction of older adults in Singapore. In particular, older adults in both the moderate life satisfaction class (LSC) and the High LSC were likely to have higher financial assets. Comparatively, other economic indicators such as real assets, total debts, and monthly household income were not significantly related to life satisfaction of older adults in the Moderate and High LSC compared to the Low LSC. However, real assets and monthly household income were significant predictors distinguishing the Moderate LSC and the High LSC. Throughout the models, total debts were not considered as a significant predictor of life satisfaction differences. This paper concludes by providing several policy and practice implications.     

Active Participation and Well-Being Among the Elderly in Belgium and the USA: A Cross-National Time-Use Perspective

Active participation of the elderly is a recognized response to address the societal and individual challenges of rising life expectancy such as releasing the pressure of age-related public spending, reducing social isolation and improving well-being. How much time older people devote to active participation and whether their time allocation is associated with well-being remains under-investigated. Using time-use data from Belgium (n?=?1384) and the USA (n?=?2133), we investigate the time older people (65–80 years) spent on active participation and examine how this relates to their life satisfaction as an indicator of well-being. The countries vary in the amount of time spent on paid employment and volunteering, but not on informal help. Belgian older people spend much less time on paid employment than their American counterparts. This implies more are available to volunteer and provide informal help. Yet participation rates in these activities are higher in the USA. Multivariate analyses show that associations between active participation and life satisfaction vary between both countries and within both countries by gender and age. Overall, positive associations between paid work and volunteering and life satisfaction suggest that governments would do well to mobilize elderly into active participation, especially in Belgium. Negative associations between informal help and life satisfaction suggest governments should provide greater support for informal carers.

     

Correlates of subjective well-being in Northern Wisconsin

This paper presents the results of an attempt to relate socioeconomic status, family status, social participation and personal disruptions of statuses and roles to an index of life satisfaction in rural sectors of Northern Wisconsin. While income, education and occupational status and level of living explain very little of life satisfaction, social participation variables explain somewhat more and disruptions of marital ties, job, physical well-being and residence explain most. Analyses by age and sex show that contacts with friends, relatives and church attendance are more important for the young, employment for the middle-aged and village residence more important for the older persons. The analysis supports the notion that life satisfaction results from the discrepancy between the aspirations and expectations of the individual and his ability to satisfy them within his environment. Education is negatively associated with subjective well-being when other variables are controlled. The influence of social involvement upon life satisfaction suggests the need for a modification of the aspiration-attainment model to include the integrative-expressive as well as the adaptive-instrumental processes of the individual.     

The Search for Happiness: Work Experiences and Quality of Life of Older Taiwanese Men

Taiwan’s pension systems do not always ensure corresponding benefits for those who have achieved their career goals in labor markets, thus retirement decisions are often difficult for the majority of its citizens. Retirement is not only a social institution shaped by labor market and social welfare policy, but also a process affected by personal life chance and family situations, and therefore influences their citizen’s well-being. While scholars have maintained that retirees’ happiness is related to earlier life experiences, there is little empirical evidence that explains this relationship. This paper investigates the midlife work experiences and the resources workers acquired to determine the extent to which they affect the happiness of retirees. Data for examining study hypotheses are drawn from four waves of the Taiwan Longitudinal Survey on Aging. The results indicate that midlife work experiences exert significant influences on life satisfaction, and also play a moderate role on the relationship between seniors’ resources and their life satisfaction. Bridge employment is found to have varying effects on seniors’ life satisfaction depending on their occupation. We conclude that the happiness of older Taiwanese men is mainly a product of both their present situations and their recollections of their earlier occupational experiences.     

Association Between Caregiving, Meaning in Life, and Life Satisfaction Beyond 50 in an Asian Sample: Age as a Moderator

The association between caregiving, meaning in life, and life satisfaction was examined in sample of 519 older Asian adults beyond 50?years of age. Two hierarchical multiple regression analyses were conducted to examine age as moderator of the associations between caregiving, meaning in life, and life satisfaction. Age moderated the association between caregiving and life satisfaction; the association between caregiving and life satisfaction was statistically significant for the middle adulthood group but not for the late adulthood group. Age moderated the association between meaning in life and life satisfaction; the association between meaning in life and life satisfaction was statistically significant for both groups, but it was stronger in magnitude for the late adulthood group compared to the middle adulthood group. These findings highlight that there are certain key developmental tasks encountered by individuals at the middle and late adulthood stages, and that these distinctive relevant tasks at various developmental stages differentially predict individuals?? life satisfaction in an Asian sample.     

Factors that Influence the Life Satisfaction of Women Living in the Northern Cyprus

The main aim of this paper is to evaluate the life satisfaction among women living in the Northern Cyprus by focusing on socio-economic and gender related factors. Within this context, we aim to analyze the influence of socio-personal characteristics of Northern Cypriot women in regard to life satisfaction. To fulfill these objectives, a questionnaire survey has been applied to 510 women living in the major cities of Northern Cyprus. Applying an ordered logit model, this paper examines the role of several factors such as normal and social reference income, employment, and savings, health, and education, participation in the household expenditures, being a full-time housewife, domestic violence, political preferences, and perception of government performance on life satisfaction. The results demonstrate that good health, high education, high income, saving, high household income has positive effects on life satisfaction whereas domestic violence, being a full-time housewife, unemployment and social reference income has negative effects on life satisfaction.     

Life Satisfaction and Suicide among High School Adolescents

Relationships between perceived life satisfaction, poor mental health, suicide ideation and suicide behaviors were examined in a statewide sample of 13 to 18 year old public high school students (n = 4,758) using the self-report CDC Youth Risk Behavior Survey (YRBS). Adjusted logistic regression analyses and multivariate models constructed separately (via SUDAAN), revealed that poor mental health (past 30 days), poor mental/physical health (past 30 days) serious suicide consideration (past 12 months), planning for suicide (past 12 months), attempted suicide (past 12 months) and suicide attempt requiring medical care (past 12 months) were significantly related to reduced life satisfaction. Also, differences across gender and race were demonstrated. Measures of life satisfaction as a component of comprehensive assessments of adolescent mental health, suicide ideation and suicide behavior in fieldwork, research, and program-evaluation efforts should be considered.     

Does Child Gender Predict Older Parents’ Well-Being?

Inconsistencies in comparisons of older parents’ well-being with that of older, childless adults may be resolved by considering the separate effects of sons and daughters on parents. The hypothesis was that older parents of only daughters have greater life satisfaction, more satisfying relations with their children, more intimate family relations, and greater social support satisfaction compared to older childless adults and parents of only sons. Childless older adults were predicted to have more intimate friends. The effect of having both sons and daughters was also explored. Longitudinal results indicated parents had greater life satisfaction than childless adults, and parents of daughters were more satisfied with relations with their children than parents of only sons. Childless adults had more relations with friends and fewer family intimate relations. Neither social support satisfaction or affect varied across groups. The findings are related to gender socialization, social support, and normative expectations.     

Life Satisfaction of Middle-Aged and Older Chinese: The Role of Health and Health Insurance

The Chinese government has launched a series of health reforms to establish universal health insurance coverage, particularly for vulnerable groups, including middle-aged and older adults. However, the current public health insurance system is highly fragmented, consisting of different programs with different levels of premiums and benefits. We analyse whether the universal health insurance system increases the life satisfaction of middle-aged and older Chinese people and to what extent the type of health insurance affects the life satisfaction of this group. Our study is based on data from the China Health and Retirement Longitudinal Study, a nationally representative longitudinal survey of Chinese aged 45 and above, in 2011, 2013, and 2015. We find that the life satisfaction of middle-aged and older adults does not depend on having any health insurance coverage but varies with the type of health insurance coverage, controlling for potential confounding variables such as health status, occupation, hukou status, and other demographic variables. Individuals covered by the most generous program, the Government Medical Insurance, reported a higher life satisfaction. In comparison, individuals covered by the Urban Employee Medical Insurance, the Urban Resident Medical Insurance, and the New Rural Cooperative Scheme reported a lower life satisfaction by 0.155, 0.106, and 0.112 standard deviations, respectively. Our results suggest that establishing a more equitable health insurance system should be the next step in health reforms in China.

     

Life Satisfaction and Income Comparison Effects in Turkey

This paper evaluates the relative impact of different types of benchmarks such as internal and external comparisons on subjective well-being in Turkey. There are few studies on life satisfaction for Turkey and they mostly focus on the impact of socio-demographic effects on subjective well-being. The main purpose of this paper is to investigate how reference group’s self-reported life satisfaction is related to the level of consumption; as well as the level of internal and external comparisons and other socio-economic factors. The paper relies on the Life in Transition Survey (EBRD 2011), a survey conducted in late 2010 jointly by the European Bank for Reconstruction and Development and the World Bank. The survey includes 1,003 observations for Turkey. The emphasis of the paper is based on the concept of income comparisons—both to others in the relevant reference group and to oneself in the past (evaluation) and future (expectation). The main findings are; in addition to household consumption, internal and external comparisons have significant impact on life satisfaction. The impact of comparisons is asymmetric: in most cases under-performing one’s benchmark has a greater effect than out-performing it.     

Predictors of Life Satisfaction among Urban Iranian Women: An Exploratory Analysis

This paper explores life satisfaction among married and unmarried Iranian women in urban areas. Data is analyzed from a sample of 335 women of which 61% are married and 39% are unmarried (i.e., single, divorced, or widows). Data is collected through the use of self-reported questionnaires administered during 1992 and 1994. A series of path analysis and cross tabulations suggest that for married women life satisfaction is directly linked to their satisfaction with marriage, employment, and their leisure experiences. There is an inverse relationship between satisfaction and the women's activity, however. For unmarried women, satisfaction is affected by their leisure experiences and educational level. The study suggests that any effort to reduce or increase the educational, employment, or leisure activities of women will directly affect women's general satisfaction and therefore affect Iranian society as a whole.     

A life satisfaction measure based on judgment theory

A life satisfaction measure is developed in this paper drawn from a judgment-type theory. This measure is based on the theoretical notion of life satisfaction being a function of a comparison between perceived life accomplishments and a set of evoked standards. These standards are classified as to their derivative sources (e.g., the life accomplishments of relatives, friends, associates, past experience, self-concept of strengths and weaknesses, and average person in a similar position) and different forms (e.g., standards based on ideal, expected, deserved, minimum tolerable, and predicted outcomes). Two studies were conducted on the elderly to ascertain the internally consistent and possessing construct validity correlations through high and internally consistent and possessing construct validity correlations through high and positive correlations with the Delighted-Terrible Life Satisfaction Scale; through significant and positive correlations with cognitive age, income, employment, education, marital status, social contact, activity, religiosity, morale, television viewership, and selfrated health; and through nonsignificant correlations with chronological age, gender, and parenthood.     

Age,Health and Life Satisfaction Among Older Europeans

In this paper we investigate how age affects the self-reported level of life satisfaction among the elderly in Europe. By using a vignette approach, we find evidence that age influences life satisfaction through two counterbalancing channels. On the one hand, controlling for the effects of all other variables, the own perceived level of life satisfaction increases with age. On the other hand, given the same true level of life satisfaction, older respondents are more likely to rank themselves as “dissatisfied” with their life than younger individuals. Detrimental health conditions and physical limitations play a crucial role in explaining scale biases in the reporting style of older individuals.     

Economic estimate and comparative study of the population of Wuxi in 1980]

In 1980, an economic survey was conducted in Wuxi, Jiangsu Province, China, in which the members of the general population were asked various questions related to their past and current employment status. The purpose of this survey was to provide information in the following areas: average life expectancy of Wuxi residents (72.32 years); ratio of average number of years of employment; difference between the number of years of employment among Wuxi residents compared with Hong Kong residents (including relevant factors); expected number of years of employment for a life expectancy of 72.32 years; total goods and services consumed in an average lifetime vs. Expected income over an average lifetime; age at which Wuxi residents begin to produce more than they consume; and the age of highest economic productivity. Survey and statistical methods and interpretation of data are explained at length. The information provided by this economic survey should prove useful for economic planning, as well as providing baseline figures for future comparative studies.     

Gender as a Moderator of the Relation Among Social Support Functions and Life Satisfaction in Older Malaysians

The aim of this study was to examine the moderating role of gender on relations among social support functions and life satisfaction in older Malaysians. The study sample was 1,800 older residents in a community; all were at least 60 years old. This study was a cross-sectional and corelational survey, and the data were collected by multistage stratified sampling. This study revealed that fewer social support functions, and therefore less life satisfaction, were available for females than for males. The results of moderated regression analyses demonstrated that gender interacted only on the relationship between positive social interaction support and tangible support with life satisfaction. Specifically, at a high tangible support level, females had lower life satisfaction when compared to a low tangible support level. There may be a need for new programs and services to provide other aspects of social support to older female adults to improve and maintain life satisfaction in later life.     

Comparing Self-Rated Health, Satisfaction and Quality of Life Scores Between Diabetics and Others Living in The Bella Coola Valley

Objective: To investigate the relative effect that diabetes has on self-rated health, satisfaction with various specific domains of life, and satisfaction with quality of life operationalized as happiness, satisfaction with life as a whole, and satisfaction with overall quality of life. Design: Mixed methods – mailed survey and chart review. Study Population: All people aged 17 years or older, residing in the Bella Coola Valley in September 2001 and having a chart at the Bella Coola Medical Clinic. Main outcome measures: Self-rated health, self-rated stress, rating of self-care received, global life satisfaction (Life as whole; Overall standard of living; Overall quality of life; and Overall happiness); and satisfaction with various domains of life. Results: A total of 968 useable surveys were returned for a response rate of 56 (968/1734). Age was negatively related to General Health, but positively related to Life Satisfaction. Not being of Aboriginal descent was positively related to all of the four global health indicators and to Subjective Well-Being. After accounting for age, race, and weight, we found that diabetics report significantly poorer self-rated health, and lower satisfaction with health scores compared to people without diabetes. Participants with diabetes who were the least compliant with their treatment regimens rated their current health significantly lower than those who were the most compliant. People with diabetes were, however, no more likely to be unhappy or dissatisfied with their lives as a whole or with the overall quality of their lives compared to people without diabetes. Among people with diabetes, however, those who used insulin did report significantly less satisfaction with the overall quality of their lives than those who didn’t use insulin. Conclusion: Diabetics understand they have poorer health than others, but they do not have poorer global life satisfaction scores. This may explain why it is difficult to get diabetics to adopt behaviours which may lower their quality of life – e.g., diet plans, lose weight, engage in exercise programs, or take medications.     

Sex-role attitudes and employment status as predictors of perceived life satisfaction among married women in Korea

The focus of this exploratory study is on reexamining the relationship between sex role attitudes and the employment status of married women in Korea, and exploring the nature and extent of women's sex role attitudes and employment status on their life satisfaction (marriage, family, work). Multicluster sampling was used to select 418 women from the city of Seoul. The Attitudes toward Women Scale (AWS) (Spence and Helmreich) was used to measure the concept of sex role attitudes. Life satisfaction was measured by 3 questions: ALLSAT, a general feeling; IGA for the general effect based on Osgood's semantic differential scales; and work status and voluntariness. Background characteristics are given. The results revealed that there was an independent relationship between sex role attitudes and employment status. Based on willingness to work groups (4), those who worked involuntarily had the most conservative sex role attitudes, and those involuntarily nonworking had the most liberal attitudes. When education background was controlled for, there were no significant differences between working and nonworking women and sex role attitudes. There was little relationship observed between sex role attitudes and overall satisfaction. When controlling for employment status, however, sex role attitudes and the relationship to work satisfaction was statistically significant among fulltime housewives, who had conservative attitudes. In fact, fulltime housewives reported greater satisfaction with their role as homemaker than those with liberal sex role attitudes. Women's attitudes and their actual roles has a greater influence on women's life satisfaction than sex role attitudes. Overall, working women are more satisfied with work and overall life than are nonworking women, when the mean satisfaction scored all 6 indicators are used in a 1 way analysis of variance. There were no significant differences in satisfaction with marriage or family life between working and nonworking women. When the intervening variable willingness to work is introduced, this plus employment status affects life satisfaction. The discrepancy between women's sex role attitudes and their work status produces the greatest dissatisfaction. The multiple regression of background variables affecting sex role attitudes shows that parent's encouragement for a woman to work has the strongest effect. Educational attainment has a positive effect on sex role attitudes, and among less well education has a negative effect and positive effect among those well educated, Husband's income is significantly higher than that for working women. Another model expressing reciprocal relations between marriage, family and work satisfaction was generated. Improvements are suggested for future research.     

Is giving or receiving psychologically beneficial to older mothers in South Korea? Importance of marital status

In order to understand intergenerational financial transfers and subjective well-being for older mothers, this study argues that marital status is an important factor to be considered. Using the first wave of the Korean Longitudinal Study of Aging (KLoSA), this study finds that married older mothers report higher levels of life satisfaction when they provide economic support but widowed older mothers feel higher levels of life satisfaction when they receive economic support. Also, regular or irregular financial support appears to also matter in the associations between financial support and life satisfaction. These findings suggest that married and widowed older mothers have different viewpoints about the parent-children relationship.     

Ageing,Health and Life Satisfaction of the Oldest Old: An Analysis for Germany

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.