Fundamental Linkages Between Activity Time Use and Subjective Well-Being for the Elderly Population: Joint Exploratory Analysis Framework for In-Home and Out-of-Home Activities

This study is set on the background of a randomized control trial (RCT) in which intervention was carried to observe the effects of yoga/light exercise on the improvement in health and well-being among the elderly population. A longitudinal qualitative study was conducted as part of RCT interventions to explore the experience of the elderly practicing yoga/light exercise in relation to sedentary behavior in the Ujjain district of Madhya Pradesh, India. Participants of the RCT were selected for this study. Eighteen focus group discussions were conducted—six during each phase of RCT interventions (before, during, and after). The findings regarding motivating and demotivating factors in various phases of intervention were presented in three categories: experience and perception of the effects of yoga/light exercise on sedentary behavior (1) before, (2) during, and (3) after intervention. This study explores the positive effect of yoga/light exercise on sedentary behavior and subjective well-being on the elderly population. They were recognized to have undergone changes in their physical and emotional well-being by consistently practicing yoga/light exercise. The main driving factors were periodic health check-ups and the encouragement of qualified trainers without any cost. This study concludes with the notion that these interventions should be encouraged in the community to use physical exercise as a method to better control the physical and social effects of aging.

Download Full-text

Effects of actual and perceived financial literacy skills on financial well-being at retirement

Marketing & Menedzsment ◽

10.15170/mm.2021.55.02.01 ◽

2021 ◽

Vol 55 (2) ◽

pp. 5-16

Author(s):

Zsofia Voros ◽

Zoltan Szabo ◽

Zoltán Schepp ◽

Daniel Kehl ◽

Oliver Bela Kovacs

Keyword(s):

Decision Making ◽

Elderly People ◽

Financial Literacy ◽

Elderly Population ◽

Well Being ◽

The Elderly ◽

Literacy Skills ◽

Financial Knowledge ◽

Subjective Well Being ◽

Financial Situation

THE AIMS OF THE PAPER Studies have not explained fully how financial literacy, decision making skills and the diverse forms of financial literacy overconfidence interact with each other to explain households’ actual and perceived financial well-being at retirement. This study aims to map the interactions among these constructs within the elderly population. METHODOLOGY In the framework of a larger assessment on subjective well-being and its antecedents at retirement, three hundred retired people between the age of 65 and 85 filled out a questionnaire in their home in Hungary in March 2019. MOST IMPORTANT RESULTS Elderly people are overconfident in their financial literacy skills both on absolut and relative levels. Percieved financial literacy is a better predictor of financial situation than actual financial literacy. However, financial literacy overconficence relative to others harms elderly people’s financial situation. Subjective financial well-being is mainly driven by the actual financial situation. Decision making skills play an important role in the calibration of financial literacy skills and have an additional direct effect on the subjective level of financial well-being. Our outcomes reinforce that it is indeed worth promoting programs helping elderly people acquiring domain-specific financial knowledge. These programs may lead to better financial situation and higher self-efficacy. Moreover, our findings imply that it would be worthwhile for programs to concentrate on the calibration of financial knowledge vis-á-vis others. RECOMMENDATIONS To complement the mainstream literature, the study examines the forms of overconfidence and their effects on financial well-being separately and concentrates on the elderly population. Acknowledgements: The project was financed by the European Social Fund: Comprehensive Development for Implementing Smart Specialization Strategies at the University of Pecs (EFOP-3.6.1.- 16-2016-00004). Declarations of interest: none.

Download Full-text

Subjective Well-being Poverty of the Elderly Population in China

Social Policy and Administration ◽

10.1111/j.1467-9515.2011.00804.x ◽

2011 ◽

Vol 45 (6) ◽

pp. 714-731 ◽

Cited By ~ 9

Author(s):

Xiaolin Wang ◽

Xiaoyuan Shang ◽

Liping Xu

Keyword(s):

Elderly Population ◽

Well Being ◽

The Elderly ◽

Subjective Well Being

Download Full-text

The Impact of Welfare Facilities on Happiness of the Elderly: Evidence from Seoul, Korea

Journal of Planning Education and Research ◽

10.1177/0739456x19874112 ◽

2019 ◽

pp. 0739456X1987411 ◽

Cited By ~ 1

Author(s):

Danya Kim ◽

Jangik Jin

Keyword(s):

Fixed Effects ◽

Elderly Population ◽

Well Being ◽

The Elderly ◽

Subjective Well Being ◽

Cross Sectional ◽

Time Specific ◽

The Impact ◽

The City ◽

Positive Effect

Across the world, there are growing concerns about how to care for an increasingly large elderly population. We explore how elderly welfare facilities influence seniors’ subjective well-being, focusing on the city of Seoul, Korea, using the 2005–2015 Seoul Survey data. Through pooled cross-sectional data analysis with time-specific and location-specific fixed-effects, we estimate the effect of the number of local welfare facilities on elderly subjective well-being. Our results show that elderly welfare facilities have a positive effect on elderly subjective well-being after controlling for endogeneity, but these facilities are more important for the more aged elderly and lower income elderly.

Download Full-text