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Measuring Successful Aging With Respect for Preferences of Older Persons

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  • Decancq, Koen
  • Michiels, Alexander

Abstract

Objectives This paper explores how to measure successful aging in a manner consistent with the preferences of older persons about what matters in their lives. Method To overcome the fact that existing objective and subjective measures of successful aging may not reflect the preferences of older persons about what matters in their lives, a new preference-based measure of successful aging is proposed. To implement the measure, the preferences of older persons are estimated using a statistical life satisfaction model, which is estimated with data from 11 European countries from the Survey of Health, Ageing and Retirement in Europe (SHARE). Results The proposed measure is found to yield different results compared to objective and subjective measures in terms of how successful aging has evolved between 2007 and 2013 and how countries are ranked for successful aging. Successful aging measured by a subjective measure is highest in 2011 compared to 2007 and 2013, for instance, whereas the ranking is reversed for the objective- and preference-based measures. Discussion The findings highlight the relevance of the degree of importance we attribute to the preferences of older persons in the measurement of successful aging, methodologically as well as empirically.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Decancq, Koen & Michiels, Alexander, 2019. "Measuring Successful Aging With Respect for Preferences of Older Persons," LIDAM Reprints CORE 3093, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:3093
    Note: In : The Journals of Gerontology: Series B, Vol. 74, no.2, p. 364-372 (2019)
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