What Happens To Happiness When People Get Older? Socio-Economic Determinants Of Life Satisfaction In Later Life

Marina Kolosnitsyna, Natalia Khorkina and Khongor Dorzhiev
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Khongor Dorzhiev: National Research University Higher School of Economics

HSE Working papers from National Research University Higher School of Economics

Abstract: The world population is ageing and this demographic trend has become the subject of numerous research projects and discussions. In Russia, this process has also become a topic for many studies examining socio-economic characteristics and health status of elderly, their retirement behaviours. That said, research on the life satisfaction of Russian seniors and its determinants is still rather scarce. At the same time, revealing the factors of life satisfaction in old age could help develop a sound state policy towards the elderly thus enhancing the well-being of society as a whole. This paper explores the determinants of elderly life satisfaction using micro-data from the Russian Longitudinal Monitoring Survey. Our research show that for all Russian seniors aged 55+ the strongest and most common predictors of life satisfaction are: health status, personal income, type of settlement, and social status. We found significant gender differences in factors of life satisfaction: an inverse U-relation of age and happiness is characteristic for the oldest old females only; holding a job enhances life satisfaction for women but not for men; and the education level of seniors has almost no correlation with life satisfaction, while having children decreases an individual’s happiness.

Keywords: happiness; life satisfaction; subjective well-being; ageing; elderly; Russia (search for similar items in EconPapers)
JEL-codes: I31 J14 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2014
New Economics Papers: this item is included in nep-age, nep-cis, nep-dem, nep-hap and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published in WP BRP Series: Economics / EC, October 2014, pages 1-46

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