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What Happens To Happiness When People Get Older? Socio-Economic Determinants Of Life Satisfaction In Later Life

Author

Listed:
  • Marina G. Kolosnitsyna

    () (National Research University Higher School of Economics)

  • Natalia A. Khorkina

    () (National Research University Higher School of Economics)

  • Khongor N. Dorzhiev

    (National Research University Higher School of Economics)

Abstract

The world population is ageing and this demographic trend has become the subject of numerous research projects and discussions. In Russia, this process has also become a topic for many studies examining socio-economic characteristics and health status of elderly, their retirement behaviours. That said, research on the life satisfaction of Russian seniors and its determinants is still rather scarce. At the same time, revealing the factors of life satisfaction in old age could help develop a sound state policy towards the elderly thus enhancing the well-being of society as a whole. This paper explores the determinants of elderly life satisfaction using micro-data from the Russian Longitudinal Monitoring Survey. Our research show that for all Russian seniors aged 55+ the strongest and most common predictors of life satisfaction are: health status, personal income, type of settlement, and social status. We found significant gender differences in factors of life satisfaction: an inverse U-relation of age and happiness is characteristic for the oldest old females only; holding a job enhances life satisfaction for women but not for men; and the education level of seniors has almost no correlation with life satisfaction, while having children decreases an individual’s happiness.

Suggested Citation

  • Marina G. Kolosnitsyna & Natalia A. Khorkina & Khongor N. Dorzhiev, 2014. "What Happens To Happiness When People Get Older? Socio-Economic Determinants Of Life Satisfaction In Later Life," HSE Working papers WP BRP 68/EC/2014, National Research University Higher School of Economics.
  • Handle: RePEc:hig:wpaper:68/ec/2014
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    References listed on IDEAS

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    Cited by:

    1. Michal Brzezinski, 2017. "Diagnosing unhappiness dynamics: Evidence from Poland and Russia," Working Papers 2017-27, Faculty of Economic Sciences, University of Warsaw.
    2. Elena Kopnova & Lilia Rodionova, 2015. "Age Features of a Happy Life in Russia and Europe: An Econometric Analysis of Socio-Economic Determinants," HSE Working papers WP BRP 117/EC/2015, National Research University Higher School of Economics.

    More about this item

    Keywords

    happiness; life satisfaction; subjective well-being; ageing; elderly; Russia;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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