Income and well-being in old age: The role of local contextual factors
Michal Myck,
Monika Oczkowska and
Ellam Kulati
The Journal of the Economics of Ageing, 2025, vol. 30, issue C
Abstract:
While the role of local contextual factors as determinants of well-being has been broadly acknowledged, the literature has focused primarily on identification of individual level determinants. Using a unique dataset linking regional and individual-level information we investigate the association of well-being and local conditions among a sample of Polish individuals aged 50 and over. The results confirm high correlation of well-being with income, and we show that this correlation grows with the quality of local conditions. Similarly, a change in the composite measure of the latter is positively associated with well-being only for high income respondents. The findings highlight a particular set of policy challenges from the point of view of old age poverty and area-based social exclusion. They offer support for targeted financial transfers, and call for improvements in local conditions, in particular in accessibility to public services for low-income older individuals.
Keywords: Well-being; Old age; Income; Local conditions (search for similar items in EconPapers)
JEL-codes: I31 J14 R23 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecag:v:30:y:2025:i:c:s2212828x25000064
DOI: 10.1016/j.jeoa.2025.100551
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