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Full-time, part-time employment and life satisfaction of the elderly

Hung-Hao Chang () and Steven T. Yen

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2011, vol. 40, issue 6, 815-823

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.

Keywords: Elderly; Employment; Life satisfaction; Taiwan (search for similar items in EconPapers)
JEL-codes: I12 J26 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:40:y:2011:i:6:p:815-823

DOI: 10.1016/j.socec.2011.08.008

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