Global Perspectives on Determinants of Older Adults’ Subjective Well-being: A Comprehensive Longitudinal Study

Current research has established a relationship between older adults' subjective well-being and factors extending beyond their economic status to encompass various non-monetary elements. While most studies in this domain focus on factors within a single country, our analysis utilizes internatio...

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Bibliographic Details
Published in:Financial services review (Greenwich, Conn.) Conn.), 2024-10, Vol.32 (3), p.68-82
Main Authors: Liu, Yi, Guo, Tao, Cheng, Yuanshan
Format: Article
Language:English
Subjects:
Age
Cohabitation
Economic growth
Financial services
GDP
Gross Domestic Product
Happiness
Longitudinal studies
Marital status
Marriage
Older people
Polls & surveys
Public policy
Well being
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Summary:Current research has established a relationship between older adults' subjective well-being and factors extending beyond their economic status to encompass various non-monetary elements. While most studies in this domain focus on factors within a single country, our analysis utilizes international longitudinal surveys to explore older adults' well-being at both the national and global scale. This comprehensive analysis considers micro- and macro-level determinants of retirement well-being, revealing consistent variations in happiness levels across countries. Our study specifically suggests a compelling positively relationship between ago and subjective well-being within the United States. This finding presents a contrast with the negative association observed in European countries. Our global analysis further indicates a positive relationship between age and subjective well-being. This study not only contributes to greater understanding of the complexities related to aging and well-being but also provide significant implications for financial services professionals and public policymakers that aim to improve the well-being of elderly populations.
ISSN:1873-5673
1057-0810
1057-0810
1873-5673
DOI:10.61190/fsr.v32i3.3633