DETERMINANTS OF SUBJECTIVE WELL-BEING AMONG ROMANIAN OLDER ADULTS

» TABLE OF CONTENTS
» SEE ARCHIVE
» DOWNLOAD THE PDF FILE.

By: Mircea ASANDULUI, ALEXANDRA CRISTINA SÎRBU
Keywords: subjective well-being, older adults, SHARE, life satisfaction, ordinal logit model.

Due to population ageing, the analysis of the subjective well-being among older adults has received particular attention worldwide. In Romania this area of research is not very well studied and further investigation is needed. The purpose of this study is to analyze the determinants of subjective well-being of the Romanian older adults. Our empirical analysis is based on data from the Survey of Health, Ageing and Retirement in Europe. Using this we estimate ordinal logistic models to identify the main factors that explain subjective well-being.
Our empirical results show that higher levels of income, education and a good health have a significant positive effect on subjective well-being. Also, we show that being alone and not involved in a partnership negatively affects the well-being of older adults.