Full-time, part-time employment and life satisfaction of the elderly |
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Authors: | Hung-Hao Chang Steven T. Yen |
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Affiliation: | aDepartment of Agricultural Economics, National Taiwan University, No. 1, Roosevelt Rd, Sec. 4, 10617 Taipei, Taiwan;bDepartment of Agricultural and Resource Economics, The University of Tennessee, United States |
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Abstract: | There is continued interest in employment and subjective well-being among the elderly because of the increasing proportion of elderly population in the labor force. This study investigates the association between part-time and full-time employment and life satisfaction of the elderly in Taiwan. We also examine how these associations may differ across socio-demographic groups. An ordinal treatment effect model is developed to accommodate the discrete feature of the employment decision and the potential endogeneity of these two outcomes. Using a unique sample of the elderly in Taiwan, in contrast to findings for the general population of the previous studies, we find that part-time employment is significant and positively associated with life satisfaction, while elderly with full-time employment have lower life satisfaction. These results are robust across socio-demographic groups. |
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Keywords: | JEL classification: I12 J26 |
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