Health Divide: Economic and Demographic Factors Associated with Self-Reported Health Among Older Malaysians

Data from the 2004 Survey of Economic and Financial Aspects of Aging in Malaysia were analyzed to determine factors associated with self-reported health status among older Malaysians. Odds of self-reporting health as bad versus moderate or good were higher for respondents who were in lower income quintiles, who perceived their financial situation as bad, who were older and who were not married. Malay, Chinese, Indian, and Bumiputra ethnic groups had lower odds of perceiving their health to be bad as compared with those in other ethnic groups.     

Predictors of Holding Consumer and Mortgage Debt among Older Americans

Using data from the 2000 Health and Retirement Study (HRS), this study examined the probability of older Americans holding consumer and mortgage debt. The specific objectives of this study were to identify to what extent individuals aged 65 and over hold consumer or mortgage debt and to investigate factors that influence the probability of holding consumer or mortgage debt in old age. The results of logistic regression analysis indicated that older individuals who had larger households, had higher levels of education, were aged 65–74, were married, were Black, and were employed, were more likely to hold consumer or mortgage debt. This study concluded that holding one kind of debt is associated with probability of holding another kind of debt.     

Balance sheets of early boomers: are they different from pre-boomers?

Nationally representative data are used to compare the magnitude, composition, and distribution of accumulated wealth of early boomers (born between 1946 and 1957) and pre-boomers (born between 1934 and 1945) at the same life cycle stage (ages 44–45, occurring in 1989 for pre-boomers and in 2001 for early boomers). Early boomers have accumulated greater mean wealth than pre-boomers at the same age, however median wealth did not change and net worth among lower-middle wealth groups declined. Multivariate analysis identified demographic change among those in the wealth distribution tails that indicates the increasing importance of education and race as predictors of wealth.

Organisational Factors,Job Satisfaction and Intention to Leave Among Newly Qualified Social Workers in England

Satisfaction with different organisational elements and aspects of work contributes markedly to overall levels of job satisfaction and intention to leave. For newly qualified social workers (NQSWs), especially immediately after graduation, self-perceived competence and their confidence in their educational preparation are also important. This article reports on a longitudinal study following 280 social work students into social work employment in England using data collected as students and six months after graduation. We focus on their experiences as NQSWs, thus only including those working in social work jobs, reporting the relative importance of their satisfaction with different work elements, such as supervision and job engagement. These are used to construct a model of NQSWs' overall satisfaction and intentions of leaving their social work jobs. The model incorporates NQSWs' perceptions of how well their degree courses prepared them for their current social work jobs in addition to personal, organisational and specific role characteristics. Using statistical techniques of factor analysis and regression modelling we highlight the complexities of how job satisfaction is constructed and we argue that the data reveal the importance of team support and self-efficacy in relation to whether social workers are thinking about leaving their current social work jobs.     

Call for Papers for Two Thematic Issues

Call for Papers

Call for Papers for Two Thematic Issues     

Alcohol Consumption Decisions in Korea

Data from the 1996 Korean Household Panel Study and a double-hurdle model were used to analyze alcohol consumption decisions in Korea. The Korean most likely to consume alcoholic beverages is a young male, and a college graduate. Among those who drink, being older, male, self-employed, or a farm or fishery worker were positively associated, and higher education levels were negatively associated with consumption level. The findings for gender and education were generally similar to those of studies using U.S. or Canadian data on alcohol consumption. The role of household level economic factors, family composition, and residence in alcohol consumption decisions appears to differ across cultures, however.     

Decomposing the age effect on risk tolerance

The importance of investment portfolio allocation has become more apparent since the onset of the late 2000s Great Recession. Individual willingness to take financial risks affects portfolio decisions and investment returns among other factors. Previous research found that people of different ages have dissimilar levels of risk tolerance but the effects of generation, period, and aging were confounded. Using the 1998–2007 Survey of Consumer Finances cross-sectional datasets, this study uses an analytical method to separate such effects on financial risk tolerance. Aging and period effects on financial risk tolerance were statistically significant. Implications for researchers and financial planning practitioners and educators are provided.     

Racial and Ethnic Determinants of Interracial and Ethnic Trust

The purpose of this cross-sectional study was to discern which individual factors are associated with interracial/ethnic trust among a national probability sample of African Americans, Latinos, and non-Hispanic whites. Using national data from the 2000 Community Benchmark Survey, the multiple regression results indicate that, even after controlling for education and income, African Americans and Latinos reported significantly lower levels of interracial/ethnic trust than did non-Hispanic whites. Additionally, separate regression equations indicate that predictors associated with interracial/ethnic trust varied by racial and ethnic group. Implications and future research are discussed.