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The stratification system in India has resulted in the socioeconomic inequality in society and defines women domestic workers as one of the lowest segments of society. This qualitative and quantitative study aims at describing the problems of female domestic workers, the relationship of their employers with them, and exploring the impact of socioeconomic status mainly, occupation, education, and income on life satisfaction. We used ethnographic observation and in-depth interview over a 4 year period in Mysore (a city in the south of India). Furthermore, our quantitative research was guided by convenience sampling technique with selecting 125 (65 domestic workers, 60 employers). We prepared a structured questionnaire for gathering demographic information, i.e. age, education, marital status, occupation, and religion. To measure the degree of life satisfaction, we administered Satisfaction with Life Scale (Diener et al. J Person Assess 49(1):71-75, 1985). The data were collected during September and October 2011. The hypotheses were tested by applying Pearson correlation, regression, and "t" test (SPSS, version 18). The results of our observation and interview indicate that domestic workers suffer from various problems inside and outside their homes. The relationship between domestic workers and employers is a master-servant relationship. Domestic workers remain as an unorganized job group though in 2004 the Karnataka Minimum Wage Act was passed. Our quantitative findings reveal that there is a positive correlation between socioeconomic status and life satisfaction. This type of study displays that enacting law is not sufficient; it necessitates implementing and monitoring properly. This study suggests measures for supporting female domestic workers.

Quality of housing plays one of the key roles in a public health research, since inadequate housing may have direct or indirect negative impact on health. Higher satisfaction with housing was shown to be associated with higher income, higher age, a smaller family, higher education, being female and being an owner of a dwelling. The aim of our study is to identify the multiple sources of the satisfaction with housing in population of urban slums and rural areas in Dhaka, Bangladesh. We have used a combined variable "Housing Satisfaction", containing nine items related to satisfaction with different types of housing facilities (water, electricity, toilet etc.). Ordinal as well as binary multiple logistic regression models were applied to predict housing satisfaction. Rural residents (with 90% house ownership) were much more satisfied with their housing than urban slum dwellers. Those respondents who perceived their area as "Very bad/Bad" to reach medical care reported significantly higher levels of housing dissatisfaction. Low satisfaction with available facilities (education, health services, etc.) as well as the adjacent neighbourhood being perceived as negative for own health showed as well a strong predictive effect on housing dissatisfaction. The major findings of our study showed a complex relationship between housing satisfaction and the quality of basic facilities including the reachability of medical care. Understanding the factors which lead to satisfaction with housing and residential environment is crucial for planning successful and effective housing policies.

This paper explores the relative importance of social factors and health measures in predicting educational achievement in early and late adolescence using population-based administrative data. The sample was made up of 41,943 children born in Manitoba, Canada between 1982 and 1989 and remaining in the province until age 18. Multilevel modeling nests each individual (level 1) within a family (level 2) residing within a neighborhood (level 3). Most important in predicting adolescent achievement were a broad socioeconomic status index (and a narrower measure of household income), being on social assistance, mother's age at first birth, gender, residential mobility, the presence of ADHD/Conduct disorders, and measures of family functioning (child taken into care or offered protection services and family structure history). Family size, birth order, and newborn characteristics (birthweight, APGAR, gestational age) were statistically significant but of little importance in explaining the outcomes. Both examining regression coefficients and systematically omitting variables showed social factors (often emphasized by epidemiologists) to have markedly greater effects than the combination of health measures (often stressed by economists) in predicting achievement. However, mental health in childhood is identified as among the important predictors. Record linkage across population datasets from health, education, and family services ministries allowed: tracking health and educational attainment at different times in a child's life, following a large number of cases across childhood, considerable sensitivity testing, controlling for unmeasured family and neighborhood effects, generating an extensive list of predictors, estimating effect sizes, and comparing Manitoba results with those of well-known American studies.

Social leisure is generally found to be positively correlated with life satisfaction in the empirical literature. We ask if this association captures a genuine causal effect by using panel data from the GSOEP. Our identification strategy exploits the change in social leisure brought about by retirement, since the latter is an event after which the time investable in (the outside job) relational life increases. We instrument social leisure with various measures of the age cohort specific probability of retirement. With such approach we document that social leisure has a positive and significant effect on life satisfaction. Our findings shed some light on the age-happiness pattern. Policy implications are also discussed.

China's oldest old population is estimated to quadruple by 2050. Yet, poverty rate for the oldest old has been the highest among all age groups in China. This paper investigates the relationship between economic stress, quality of life, and mortality among the oldest-old in China. Both objective economic hardships and perceived economic strain are examined. We base our investigation on data drawn from the Chinese Longitudinal Healthy Longevity Survey conducted between 2000 and 2005. Our sample includes 10,972 men and women between the ages of 80 and 105 in 2000. The data show that about 16% of these oldest-old lived under economic stress in 2000. The risk factors that make one vulnerable to economic stress include age, being male, being widowed or never married, being a minority member, having no education, having no living children, and not having children as main source of income, and having no pension. Economic stress is negatively associated with indicators of quality of life, such as the quality of medical care and mental well-being. The poor quality of life contributes to the higher mortality rate for the oldest old who are under economic stress. Results also show that perceived economic strain increases the risk of mortality by 42% in rural areas, even after controlling for basic demographic characteristics, life style factors, and major health events. For the rural oldest-old, having children as a main source of income and having access to pension alleviates the negative impact of economic hardship on mortality hazard by 23 and 66% respectively. However, in urban areas, economic stress has no direct impact on the hazard of mortality.

Child poverty has been widely discussed in Germany since the publication of the third official Poverty and Wealth Report of the German government in 2008 which--inter alia--focused on the situation of children and families. However, child poverty is not only caused by low household incomes and impacts of child poverty are not only restricted to financial consequences. The capability approach takes into account this multidimensionality of well-being and poverty of children. It conceptualizes human well-being as not only depending on financial means but also gives the same importance to the personal and social conversion factors which determine how far financial means can be converted into personal well-being. Before 2008 the capability approach had only been applied to the well-being of adults in Germany, but not specifically to the well-being of children. However, there are several reasons why a capability analysis for children will differ from a capability analysis for adults. Adults' capability sets comprise dimensions that are less relevant for small children while other valuable capabilities have to be added. Furthermore the capability set depends to a large extent on the age of the child. The paper focuses on a multidimensional poverty analysis in the capability perspective of 5-6 years old children. In the domains of "Education/Leisure", "Health", "Social Participation" and "Income" child poverty is measured by predefined indicators. The relationship to the social and personal conversion factors of the caretakers is then evaluated. Additionally, a multidimensional poverty measure is analyzed.

The paper has two parts. In the first part we offer a definition of well-being which makes life expectancy an explicit variable. We recognize the importance of happiness as a significant aspect of any definition of well-being, but we side-step the issue of what determines its level or how to measure it, and concentrate instead on the consequences of our new variable, life expectancy. We argue that life is valued for its quality, and, if positive, its extension is an improvement of well-being. From this we show how, given certain assumptions, disparate problems that have moral and/or social significance can be approached from the perspective of improving well-being. We close the first part by showing that our definition has enough flexibility to be used for that class of decisions which require tradeoffs between quality of life (happiness) and life expectancy. As a corollary we show that attitudes toward risk depend on expectations, and on some occasions, age itself. In the second part we argue, first, that real economic factors, not reducible to mere psychological ones, may still offer an adequate explanation for the fact that absolute income and happiness do not always correlate well. However, we take no position on the many controversies, such as whether it is relative or absolute increases in wealth that bears most directly on changes in happiness. We confirm through statistical analysis (simple regressions) the well established influence that absolute income has on life expectancy, and, hence, by inference and definition, we argue that this must also be the case with well-being. Secondly, we find through statistical analysis that healthcare has as much impact on life expectancy as does absolute income, leading us to theoretically examine the appropriate income cost for access to healthcare if life expectancy is to improve. And thirdly, by assuming a homogeneous function of life expectancy, we theoretically show how a market oriented healthcare system can exacerbate inequities in life expectancy, and so on well-being. Lastly, we consider some policy implications of those inequities.

Mutual help has been often found to be beneficial for people's well-being in clinical settings. Research in the general population, however, is relatively limited, partly due to the lack of applicable measurement tools. The present study attempted to develop two scales to measure mutual help willingness and criteria and test their psychometric properties among a community sample of Hong Kong people (n = 951). Confirmatory factor analyses suggested that the hypothetical models fitted the data very well. Results also indicated that though the willingness to seek help and to give help was significantly correlated, Hong Kong people were generally more willing to give help than to seek help. Age had a negative effect on help-seeking willingness, which can not be explained by education level. A set of criteria were applied similarly when people decided on help-giving and help-seeking. Agreement with the criteria was negatively correlated with age but the associations became negligible when education level was controlled. Research and practical implications of the findings are discussed.

In this article, we investigate the effect of individual and community level characteristics on subjective well-being in Belgium. Various indicators for subjective well-being are being used in a multilevel analysis of the 2009 SCIF survey (n = 2,080) and the 2006 Belgian ESS sample (n = 1,798). On the individual level, most hypotheses on the determinants of subjective well-being were confirmed. Living with a partner and age were shown to have strong effects, but also social capital indicators had a significant positive effect on subjective well-being. All these effects remained significant controlling for optimism. On the community level, especially unemployment rate had a negative impact on subjective well-being. The analysis further demonstrates that in homogeneous regions, community characteristics have a far weaker impact on subjective well-being indicators than in economically more heterogeneous regions.

This work explores differences in subjective well-being (SWB) between two samples. Survey data from Yunnan China was collected by Yang and Luo in 2003 and was funded by the National Institute on Drug Abuse. A second pilot data set was collected in Thailand during January and February 2007. Predictors of SWB were explored among the Yunnan sample as a whole, between Yunnan men who traded money for sex and Yunnan women who traded sex for money, and between Yunnan women who traded sex for money and Thai women who traded sex for money. For Yunnan women who exchanged sex for money, only age nears significance as a predictor of SWB. For Thai women who sell sex, age was not a significant predictor of SWB; however, having more education and feeling one's relative income was good were associated with SWB all else equal. The authors propose that, among this sample of Thai sex workers, sex work has become normalized in Thailand.

Despite clear evidence that Americans' economic standard of living has improved over the last half-century in terms of income, ownership of technology and housing among other indicators, there is scant evidence from non-economic quality-of-life (QOL) indicators of improved life quality to parallel these economic gains. The present article adds to this list in showing little if any progress in three QOL indicators (the first two about time and activity) that have received less or no attention in the social indicators literature, namely (1) frequency of the highly enjoyable activity of sex, (2) participation in various serious arts activities and (3) scores of verbal ability. The data on sexual activity and verbal ability come from the 1974-2008 General Social Surveys (GSS) from the University of Chicago, and for the arts from the 2008 Survey of Public Participation in the Arts (SPPA) conducted by the US Census Bureau for the National Endowment for the Arts since 1982. All three surveys interviewed nationally representative samples, with over 70% response rates and sample sizes of more than 15,000 adults. The GSS data on "sexual frequency" show no significant increase in estimated frequency of "sex" since 1989, despite its strong appeal and the availability of new societal conveniences. This held both before and after adjustment for the age, marital status and education in the population; contrary to expectation, working long hours was associated with "increased" sex both before and after adjustment for these other demographic predictors. The SPPA trend data on "arts participation" actually showed a decline in participation, especially after adjustment for its major predictor of years of education; again no decreased participation was found among those working long hours. While scores on "verbal ability" in the GSS have stayed rather steady since 1974, they have decreased after MCA adjustment for the increased college education in more recent years, as documented by Nie et al. ("2009"). Thus, contrary to expectations, increases in public education have not been accompanied by improvements on these three indicators.

This study introduces the Satisfaction with Life Scale adapted for Children (SWLS-C) and presents psychometric findings regarding its validation. The SWLS-C was adapted from the Satisfaction with Life Scale (SWLS; Diener et al. 1985), which is one of the most commonly used measures to assess satisfaction with life in adults. Three subject matter experts adapted the SWLS by changing the wording of the item stem and response format in order to make it more understandable for children. A stratified random sample of 1,233 students (48% girls) in grades 4-7 (mean age 11 years and 7 months) provided data on the SWLS-C and measures of optimism, self-concept, self-efficacy, depression, emphatic concern, and perspective taking. The SWLS-C demonstrated a unidimensional factor structure and high internal consistency. Furthermore, differential item functioning and differential scale functioning analyses indicated that the SWLS-C measures satisfaction with life in the same way for different groups of children (i.e., with regard to gender, first language learned at home--English vs. other language(s) than English--and across different grades) at the item and at the scale level. Associations between scores on the SWLS-C and demographic variables were statistically non-significant or of small effect size. In addition, the SWLS-C showed evidence of convergent and discriminant validity in relation to the other measures. Our results indicate that the SWLS-C is a psychometrically sound instrument that demonstrated evidence of construct validity for this age group. Limitations and future directions are discussed.

Two major educational expansions in Taiwan have resulted in a remarkable improvement of human capital accumulation for the last three decades, which is consistent with the long-run goal of education in improving individual well-being and international competitiveness. This study focuses on the expansion of higher education starting from the late 1980s. As the number of higher-educated workers entering the labor market each year has increased rapidly, this higher education expansion policy has encountered some critiques from the public. Evidence shows that the incidence of over-educated workers in the labor market has been continuously increasing after the expansion, which is considered to be a short-run problem from the policy. We also find that the overall educational inequality drops sharply, which is mainly contributed by the within age group component after decomposing educational inequality using the decomposable Theil index. Along with a larger increase in average schooling for women, a larger reduction in educational inequality for women than for men implies women have benefited more than men from the policy and the educational inequality between men and women is narrowing.

The focus of this paper is on a microeconomic analysis of the annual transition rate from temporary to permanent work of individual workers in Canada for the period 1999-2004. Given that a large proportion of temporary employment is involuntary, an understanding of the factors associated with the transition to permanent work may inform public policy. Factors associated with the transition, namely, human capital, household structures and labour market segmentation are analyzed using data from the Statistics Canada's "Survey of Labour and Income Dynamics" (SLID) for the period 1999-2004, limited to paid workers aged 20-64 years, excluding students. Among the key factors associated with the transitions are younger age and low unemployment rates. The analysis adds to the Canadian and international literature on transitions from temporary to permanent work.

Replicating a survey of 875 people 55 years old or more undertaken in September 1999 throughout the former Northern Interior Health Region (NIHR) of British Columbia, in September 2005 a sample of 656 people completed a 22-page questionnaire. The average age of the respondents was 68, with a range running from 55 to 96 years, and 64% were women. Responses to the SF-36 questionnaire indicated that for male respondents aged 55-64, the mean score for the 8 dimensions was 76.1. This mean was a bit higher than the 74.4 mean of 1999. For male respondents aged 65 and older the mean was 69.0, which was also higher than the 68.3 mean of 1999. For females aged 55-64, the mean score for 8 dimensions was 73.1, versus 73.0 in 1999. For female respondents aged 65 and older, the mean score was 67.0, versus 65.4 in 1999. Based on these mean scores for the 8 dimensions, then, it is fair to say that the overall health status of males and females aged 55 years and older in the region in 2005 was at least as good as (i.e., the same as or better than) that in 1999. Comparing 28 average figures for the 2005 respondents on satisfaction with specific domains of life (e.g., financial security, health, sense of meaning) and three global indicators (satisfaction with life as a whole and with the overall quality of life, and happiness) with those of the 1999 respondents, we found that the scores for the 2005 sample were at least as high as those of the other sample. Thus, it seems fair to say that the perceived quality of life of older people in the former NIHR so far as it is revealed in domain and global satisfaction and happiness scores, is at least as good as the perceived quality of life of a similar sample in 1999. Although a large majority perceived increases in crime in the 2 year periods prior to both surveys, smaller percentages of the 2005 sample than of the 1999 sample thought that crime had increased over the past two years, avoided going out at night, feared for their had crime-related worries, engaged in crime-related defensive behaviours and were actually the victims of any crimes. Therefore, it seems fair to say that, so far as crime-related issues are concerned for the two samples of seniors responding to our surveys, there is more evidence of improvement than of deterioration. Applying stepwise multiple regression, each of the eight dependent variables was explained on the basis of four clusters of predictors separately and then a final regression was run using only the statistically significant predictors from the four clusters. Broadly speaking, 7 SF-36 health status scales explained from 28% to 45% of the variance in the 8 dependent variables, running from satisfaction with the overall quality of life (28%) to the single item measure of general health (45%). The seven predictors in the Social Relations cluster explained from 7% of the variance in the SF-36 General Health scale scores to 57% of the variance in the Life Satisfaction scores. The four predictors in the Problems cluster explained from 10% of the variance in the SF-36 General Health scale scores to 24% of the variance in the SWLS scores. The 11 predictors in the Domain Satisfaction cluster explained from 14% of the variance in the SF-36 General Health scale scores to 64% of the variance in the SWB scores. Putting all the significant predictors together for each dependent variable, in the weakest case, 4 of 11 potential predictors explained 33% of the variance in the SF-36 General Health scale scores and in the strongest case, 9 of 15 potential predictors explained 70% of the variance in Life Satisfaction scores. Among other things, these results clearly show that respondents' ideas about a generally healthy life are different from, but not independent of, their ideas about a happy, satisfying or contented life, or about the perceived quality of their lives or their subjective wellbeing. Finally, the 7 core discrepancy predictors of MDT plus incomes were to explain the eight dependent variables. From 13% of the variance in the SF-36 General Health scale scores to 57% of the variance in SWLS scores was explained using those predictors. Based on an examination of the Total Effects scores for the predictors of the 8 dependent variables, the most influential predictors were Self-Wants, followed by Self-Others and then Self-Best. In other words, the most influential discrepancy predictors of respondents' overall life assessments were those between what respondents have versus what they want, followed by what they have versus what others of the same age and sex have, and then by what they have versus the best they ever had in the past.

The issue of what determines subjective well-being has been at the centre of a recent flurry of research in the economics field. A necessary part of this understanding is the role relative positions (economic, social, geographic) of economic agents, particularly individuals, play in life (commonly referred to in the literature as rivalry). In this paper, we concentrate on whether the structure of happiness equations of South Africa are the same/similar to those of developed countries. The analysis uses three of the Durban Quality of Life Studies. Firstly these three data series are pooled and a variety of covariates are tested for their significance on happiness. These include age, marital status, employment status, household income and relative household income. Next we estimate yearly cross-sectional models to see if there are consistent findings of what determines happiness across the period considered. Our findings indicate there may be some structural differences between results from the Durban studies and those of international findings. Age appears to play no role in happiness likelihood, nor does marital status. Being unemployed does significantly and negatively effect happiness as does the size of household income, relative household income and whether living in a formal dwelling place. When we distinguish between employment categories we find that being self-employed negatively affects happiness, contradicting findings for developed countries.

The present study explored the short-term temporal characteristics of subjective well-being (SWB) and its potential correlates. Specifically, we examined the intra-individual variability and the trajectories of SWB and its components life satisfaction, positive, and negative affect. Over a two-week period, 27 participants (78% university students, 85% females, mean age of 29 years) provided SWB data every other day. Before and after this period, participants completed several questionnaires assessing personality and environmental variables, as well as several open-ended questions. The results provide evidence that participants experienced a significant amount of intra-individual variability in their SWB and its components. Furthermore, inter-individual differences in the intra-individual variability were related to several of the personality and environmental variables, as well as to participant's age. Results of multiple regression analyses indicated that deliberation (one facet of the Big Five dimension conscientiousness), social support, and age accounted for 58% of the total variance of intra-individual variability in SWB. In contrast, the slopes of the individual trajectories of SWB were on average statistically non-significantly different from zero. These results emphasize that information is gained by looking at both the patterns and the intra-individual variability over time: The individual trajectories of the participants on average appeared to be stable, but intra-individual variability of SWB was meaningfully related to several of the variables.

The German and Australian "longitudinal" surveys analysed here are the first national representative surveys to show that (1) people who continuously own a pet are the healthiest group and (2) people who cease to have a pet or never had one are less healthy. Most previous studies which have claimed that pets confer health benefits were "cross-sectional." So they were open to the objection that owners may have been healthier in the first place, rather than becoming healthier due to owning a pet. In both countries the data show that pet owners make about 15% fewer annual doctor visits than non-owners. The relationship remains statistically significant after controlling for gender, age, marital status, income and other variables associated with health. The German data come from the German Socio-Economic Panel in which respondents have been interviewed every year since 1984 (N = 9723). Australian data come from the Australian National Social Science Survey 2001 (N = 1246).

Given the perennial interest in the construct of age identity yet its persistent resistance to explanation, the purpose of this study was to re-examine the conceptual structure of age identity by using a focus group design modified to reflect contemporary social science theory. The second purpose of the study was to examine how this modified design functioned. The results indicated that a key component was missing in the conventional conceptual structure, its context-dependency. The results also indicated the significance of the modified design showing how a more complex conceptual structure can emerge when participants have extended opportunities to consider and articulate their thoughts on a particular phenomenon. As well, the results indicated the ambiguity in any single contribution of a participant.

The structural relationships between body mass index, perceived health and happiness have been studied in a survey of 700 native Dutch citizens. We found an indirect effect of body mass index on happiness, via perceived health. Age had an inverted U-shaped relationship with body mass index, and both education and smoking had a negative effect on body mass index. Being married, doing paid work, owning a house, and doing sports had positive effects on perceived health, suggesting that living a regular life may lead to a better perceived health. Being married positively affected happiness. The other socio-demographic variables either had no effects on happiness or indirect effects via body mass index and perceived health.

The aim of this investigation is to obtain some baseline self-reported data of the health status and overall quality of life of all residents of the Bella Coola Valley of British Columbia aged 17 years or older, and to measure the impact of a set of designated health determinants on their health and quality of life. In the period from August to November 2001, a variety of procedures were used to ensure that all eligible residents of the Valley received a copy of our questionnaire, and 687 useable questionnaires were obtained for our working dataset. Health status was measured by SF-36 and the U.S. Centers for Disease Control healthy days items. Thirty-one items were used to measure the Provincial Health Officer's designated determinants of health in four clusters, namely, biological, social and economic, health behaviours and health services determinants. Quality of life was measured by satisfaction levels in 13 specific domains of life (e.g., family, financial security), four global items (e.g., happiness, life satisfaction) and one global Subjective Well-Being Index. Besides obtaining baseline figures on all our measures for the Valley, we made some comparisons among our figures and those from other areas, e.g., Prince George, BC. Most of the measures indicated that the health status and quality of life of Bella Coola Valley residents were lower than those of Prince George residents. For the sample as a whole, SF-36 scores on the eight dimensions ran from 82.3 (physical functioning) to 50.0 (social functioning), with a mean of 62.7. Residents in the Valley averaged 6.5 days in the past 30 in which their health was physically not good, 5.5 days when it was mentally not good and 4.1 days when their health limited their usual daily activities. Eleven percent of respondents described their general health as "excellent" and another 27% said it was "very good". On a 7-point scale from 1 = very dissatisfied to 7 = very satisfied, respondents had average life satisfaction and satisfaction with the overall quality of life scores of 5.5. For specific domains of life, the lowest mean level of satisfaction was reported for federal and provincial government officials (3.3) and the highest was reported for living partners and personal safety around home (5.8). Regarding bivariate relations, each of the eight dimensions of SF-36 was significantly correlated with a single item measure of general health, and five of the eight were significantly correlated with the number of good health days. Happiness and the Subjective Well-Being Index were positively but moderately correlated with six of the eight dimensions, and life satisfaction was positively correlated with five. Age was negatively related to general health, but positively related to life satisfaction. Not being of aboriginal descent was positively related to all of the four global health indicators and to the Subjective Well-Being Index. Education was positively related to the four global health measures but not to the three global quality of life measures. The Social Support and Good Family Indexes were positively related to all seven global measures. There was a positive correlation between six of the seven global measures and the frequency with which respondents participated in activities sponsored by voluntary organizations. Frequency of smoking was negatively associated with every global dependent variable except the Physical Health Index. Frequency of skipping meals was negatively associated and average hours of sleep per night was positively associated with all seven global measures. Turning to multivariate relationships, the four clusters of health determinants explained from 12% (SF-36 Mental Health Index) to 24% (general health) of the variance in the dependent global health variables, and from 20% (happiness) to 26% (Subjective Well-Being Index) of the variance in the dependent global quality of life variables. Adding domain satisfaction scores to the total set of predictors allowed us to explain from 20% (SF-36 Mental health Index) to 29% (general health) of the variance in the dependent global health variables, and from 39% (happiness) to 62% (life satisfaction) in the dependent global quality of life variables. By including measures of social support and good family relationships in our set of health determinants, we practically guaranteed that the latter would be relatively strongly predictive of global quality of life.

This paper seeks to understand pathways into volunteering in the encore life stage and contribute to policy interventions. There is a need for more clarity regarding the delineation of formal volunteering from informal volunteering and from adult kin-caring. A sample of 4,464 respondents from the Household, Income and Labour Dynamics in Australia survey was analysed using a set of logistic regressions, to explore three frames of volunteering —substitution (of former work time), complementary focus (gradual adjustment to less paid work or other change in personal circumstance), and obligation (compulsion to provide care or unpaid labour). Results indicate that formal volunteering was largely discretionary and a result of substitution, that informal volunteering, particularly caring for children, was complementary and partly obligatory, and the area of greatest potential policy intervention, adult kin caring was found to be largely obligatory. [ABSTRACT FROM AUTHOR]

This paper explores patterns and motivations for social tie formation and dissolution in the context of age. It provides empirical tests of the social convoy model, socioemotional selectivity theory, and the differential investment of resources (DIRe) model. Data comes from a survey administered face-to-face to a large, representative sample of the population of Poland (n = 1000). Controlling for between-tie and between-ego differences, it is found that the intensity of forming and dropping new ties is a decreasing function of age, but the relationship becomes weaker among people aged 40 and older. The number of social ties people maintain (degree) is also a decreasing function of age. However, the number of social ties with family, as opposed to coworkers and other acquaintances, is roughly constant across age groups. Young women, but not men, tend to form fewer ties if they are married. Both expressive and instrumental motivations for social tie formation are relatively most active in middle adulthood. The data also reveal a "rich get richer" effect: people with relatively high degree and a more central position in a social network tend to form more new ties and enlarge their social network over time. [ABSTRACT FROM AUTHOR]

Background: Globally, societies are ageing as life expectancy increases and fertility rates decline. Many studies exploring associations between socioeconomic position (SEP) and health outcomes among the older population use conventional working-age measures of SEP (education, occupation, and income) or an area-based deprivation index. Methods: Microdata from the 2013 New Zealand Census was used to create a new measure of socioeconomic position specifically for the population aged ≥65 years (SEP65), using information about housing tenure, wealth, and receiving government benefits. We dichotomised variables representing income, assets, and housing tenure to apportion 489,264 older people in our analytic sample into low, medium and high levels of SEP. A multivariable logistic regression was used to investigate the relationship between smoking and SEP65, controlling for age, sex, ethnicity and area-level deprivation. Results: We report inequities between European, Māori and Pacific populations, which increase with age. We found an inverse relationship between the odds of smoking and levels of SEP65. Moreover, we further validated the SEP65 measure against the New Zealand Index of Deprivation (NZDep2013). At the third SPINE20 summit 2022 which took place in Bali, Indonesia, in August 2022, 17 associations endorsed its recommendations. Conclusion: Using an age-specific measure of SEP for the older population will aid policymakers in the appropriate allocation of resources according to need more effectively than working-age indicators. [ABSTRACT FROM AUTHOR]

Despite the growing literature on subjective well-being (SWB), few studies have focused on developing countries. Applying robust OLS and ordered probit models to the India Human Development Survey panel data in 2005 and 2012, we empirically assess SWB changes in 2005–2012, based on a self-reported measure of changes in economic well-being, as a function of household and state covariates in 2005. This is in sharp contrast with earlier studies' focus on the levels of SWB. Another point of departure of our study is to compare the covariates of SWB changes with those of objective well-being (OWB) changes, proxied by the relative growth in real per capita household consumption expenditure between 2005 and 2012, to identify specific micro-level correlates of SWB changes. Households with an older and educated head in a larger household, located in urban areas or affluent states in 2005 tend to experience improvement in both SWB and OWB between 2005 and 2012. In contrast, households with a female household head, with more male members in the labour market, with regular access to mass media, without members suffering from non-communicable diseases or disabilities are more likely to be better off subjectively without experiencing the corresponding improvement in OWB. The policy challenges raise serious concerns. [ABSTRACT FROM AUTHOR]

This study was conducted to develop an age integration indicator (AII) that measures the level of age integration of a nation in the context of social cohesion, and to analyse the current status of age integration in Korea using the indicator. Age integration responds to the challenges of population aging by striving to remove structural age barriers through building an inclusive atmosphere for older adults to actively participate in social activities, and facilitating the interaction between people of different ages. In order to develop the AII, literature reviews were conducted, and interviews with international and Korean experts were performed to gain further insights. After the AII was developed, existing statistical data for age integration was analysed to show the current status of age integration in Korea. The final AII consisted of 2 categories, 6 variables, and 13 individual indicators. Age flexibility and age diversity were proposed as the main categories of the AII. The analysis of age flexibility of Korea revealed age to be a significant barrier to education, employment, and participation in volunteer work and cultural and leisure activities. The analysis of age diversity of Korea showed rooms for improvements in the areas of family life, workplaces, and local communities. Policy implications are discussed based on the results of the study. [ABSTRACT FROM AUTHOR]

Postmaterialism has long been considered an expressive value embraced by certain cohorts who grew up in a relatively wealthy environment. This study challenges this generational replacement hypothesis and suggests that value shifts in a population often can be attributed to period effects. By simultaneously observing the changing value trends of the US, Japan, Türkiye and China over 20 years on the basis of the data of the World Values Survey, this study performs an age-period-cohort analysis to effectively differentiate the otherwise knotted effects of age, period and cohort in contexts of different income levels and cultural backgrounds. The results show that cohort characteristics are less obvious than the influences brought about by specific period factors. Additionally, religion appear to be highly influential. Two important contributions are noted. First, more effective estimation of age, period and cohort effects is a necessity for advancing strong evidence-based arguments to understand value shifts toward postmaterialism. Second, subscribing to a new, different value position at a societal level can happen in a short duration with observable cross-sectional differences whose underlying logics need more research attention. [ABSTRACT FROM AUTHOR]

Ageing and migration are two of Europe's fundamental demographic processes, challenging a wide range of social policies. Their intersection generates a wide taxonomy of types of individuals, from the most well-off and active ones to those more deprived and marginalised and for whom being old and having a migration background represents a double jeopardy. Yet in discussions of the 'demographic time bomb' of ageing, the special circumstances of ageing migrants are rarely recognised. Thus far, in Europe, very little is known about ageing populations with a migratory background, and this is even more true for Italy, that turned into an immigration country only in the late 1980s and where older migrants are a neglected, although growing, group in the Italian population. In this paper, we unpack ageing migrants' wellbeing by focusing on life satisfaction, as a broader indicator of individual's wellbeing; in particular, we analyse the effect of migration experiences on migrants' perception of the quality of life in old age. We use data from the Social Condition and Integration of Foreign Citizens survey (2011–2012) and build several indicators related to different structural and socio-cultural dimensions of integration to analyse different patterns of association with life satisfaction among different groups of ageing migrants in Italy. Our study has important implications form both theoretical and policy perspective as it contributes to the advancement of original knowledge on the factors that shape wellbeing in later life in a context of migration. [ABSTRACT FROM AUTHOR]

A number of studies—including our own—find a mid-life dip in well-being. Yet several papers in the psychology literature claim that the evidence of a U-shape is "overblown" and if there is such a thing that any such decline is "trivial". Others have claimed that the evidence of a U-shape "is not as robust and generalizable as is often assumed," or simply "wrong." We identify 409 studies, mostly published in peer reviewed journals that find U-shapes that these researchers apparently were unaware of. We use data for Europe from the Eurobarometer Surveys (EB), 1980–2019; the Gallup World Poll (GWP), 2005–2019 and the UK's Annual Population Survey, 2016–2019 and the Census Bureau's Household Pulse Survey of August 2021, to examine U-shapes in age in well-being. We find remarkably strong and consistent evidence across countries of statistically significant and non-trivial U-shapes in age with and without socio-economic controls. We show that studies cited by psychologists claiming there are no U-shapes are in error; we reexamine their data and find differently. The effects of the mid-life dip we find are comparable to major life events such as losing a spouse or becoming unemployed. This decline is comparable to half of the unprecedented fall in well-being observed in the UK in 2020 and 2021, during the Covid19 pandemic and lockdown, which is hardly "inconsequential" as claimed. [ABSTRACT FROM AUTHOR]

This paper offers new evidence on the life-cycle pattern of happiness. A novelty of the analysis is that it exploits information on the period individuals recall as the happiest in their lives. Data come from SHARELIFE 2008/09, a retrospective life survey conducted in 13 European countries among individuals aged 50 or more. Using this information, I build a longitudinal data set that extends across the whole lifespan of respondents. The probability of living a happiest year in life at each age is estimated through a conditional fixed effects logit model. Results show that the likelihood of living the happiest period in life exhibits a concave relationship with age, with a turning point at about 30–34 years and a decreasing trend from that point onward. Retrospectively, midlife is not perceived as the least likely happiest period in life. These patterns persist even after controlling for usual correlates of subjective well-being, and they are rather stable across cohorts and genders despite presenting certain variability across European countries. [ABSTRACT FROM AUTHOR]

While material deprivation is often used to measure poverty, analyses focusing on the measurement of material deprivation are scarce. This study provides new information on material deprivation by analyzing how differences in the considerations of necessities and possession of deprivation items among all respondents and within population subgroups affect group-level differences in material deprivation in Finland. In line with many previous studies on material deprivation, this study focused on age groups. There is a significant age gradient regarding considerations of necessities, possession, and deprivation of many deprivation items. On average, younger adults experience material deprivation more often than older adults do. This study considers the differences in the considerations of necessities and possession of deprivation items using different weighting approaches. The study found that these differences are not largely transmitted to deprivation indices. Two causes of this finding were found: (1) individuals, on average, are not deprived of items in which there are differences between age groups regarding consensus and prevalence and (2) in those items in which deprivation is high, the consensus and the prevalence rates are often lower compared to other items. The results provide new information on which factors are important when using weighting approaches to measure material deprivation. [ABSTRACT FROM AUTHOR]

Retirement ages for receipt of state/social pensions are rising in many countries in response to population ageing and increasing life expectancy. However, sickness absence and early retirement for health reasons (especially among adults aged ≥ 50) present challenges to this. Estimates of the average number of years people are both healthy and in work from age 50 are needed to inform policy making and assess the feasibility of policy changes. A systematic review was carried out to identify existing population indicators, and estimates, of life expectancy in health and work. Nine databases were systematically searched on the 30th January 2019. Eligible papers were identified using inclusion/exclusion criteria. Evidence synthesis was undertaken to explore indicators and estimates. Four studies were included for review from 1485 identified by the search. A narrative review was carried out; quantitative pooling of the results was not feasible due to high heterogeneity between studies. All estimates of the average number of years spent in both health and work from age 50 were below 10 years with the exception of a population subgroup of Finnish male executives (11.91 years). The review indicated that population indicators of health and work that could estimate the average number of years people are healthy and in work are rarely used, and that there are no current and reliable estimates. One indicator, Healthy Working Life Expectancy (measuring life expectancy in health and work from age 50), offers the potential to be a suitable measure for monitoring life expectancy in health and work. [ABSTRACT FROM AUTHOR]

The aim of this paper is to explain the determinants of longevity in 20 European Union countries for which comparable data are available for the period 1990–2016. We use a health equation to explain life expectancy at age 65 for total population considering socioeconomic factors, population structure, health resources, lifestyles and environment as the main determinants of health status. Panel estimation techniques are implemented to estimate the health equation with lagged explanatory variables to attenuate the endogeneity problems of regressors. Our evidence shows that per capita income, education and pharmaceutical expenditures positively affect life expectancy at the age of 65. As expected, risky lifestyles and air pollution have a significant negative impact on health. The interaction between population age structure and pharmaceutical expenditures proves also to be important for explaining longevity. Our evidence reinforces the idea that investing in education and health care provision is the way to achieve healthier longevity allowing a more active participation of the elderly in society. [ABSTRACT FROM AUTHOR]

We investigated the association between Internet access and citizens' voicing their opinions to public officials and how age and national economy affect this association in the theoretical framework of civic engagement. Survey data collected from representative samples of residents of 126 countries were analyzed for the investigation (N = 226,716). The results of the generalized linear mixed models analyses show that Internet access is positively associated with voicing opinions to public officials and that age and national economy moderate the association. These results suggest that those who are older and those in comparatively less economically developed countries are more likely to become socially engaged once they have access to the Internet compared to those who are younger and those in developed countries. Implications of the findings and limitations of the study are discussed. [ABSTRACT FROM AUTHOR]

The purpose of this study was to gain an understanding of time use and the patterns of time use across the life span using a socioemotional selectivity theory. The data used for this study were from the 'Korean Time Use Survey,' which is collected every 5 years by Statistics Korea (KOSTAT). The data collected in 1999, 2004, and 2009 were used to analyze the patterns of time use using latent class analyses and to observe the differences of time use by age and gender. The results were summarized as follows: Based on the analyses of nine behavior classifications, after sleep and personal care, Korean allocated more time in daily activities to relationship and leisure time, followed by education, paid work, and household management, with the order differing between each age group and gender. Three different classes of time use were classified at each age group. Education-centered time use was revealed to be mainly in the young, paid work-centered in the middle-aged, and relationship and leisure-centered in older adults. We find significant gender differences. Men's patterns of time did not change markedly across the 3 years, while women's patterns have shifted. Meanwhile, in the age 65 and older group, paid work appeared alongside as well as leisure among most prominent activities, were appeared as dominant forms of time use. This phenomenon is closely related to reflecting high rates of elderly poverty in Korea. Further discussions concerning the time use by age and gender were provided and countermeasures for changing time use in later life were discussed. [ABSTRACT FROM AUTHOR]

This paper addresses the question of whether the value priorities of older and younger adults differ, and if so, whether the pattern of differences is similar in countries with different experience of economic, political and social change. The data from the 2008 wave from ESS about responses to a 21-item version of the Portrait Values Questionnaire (PVQ, Schwartz 2003) were used to compare value priorities in younger (under 30 years) and older adults from five East-Central European countries-Estonia, Latvia, Lithuania, Romania, and Russia-and two relatively stable Nordic welfare states-Finland and Sweden. The study found a clear general trend for younger adults toward Openness to Change and Self-Enhancement on the two value dimensions. Age group differences were more pronounced in East-Central countries, and on Conservation-Openness to Change dimension. Younger people from different countries had more similar values than older adults in regard to the importance placed on Openness to Change. The discussion focused on possible reasons of the findings such as the different effect of societal change on value priorities of people from different age groups. [ABSTRACT FROM AUTHOR]

For this study, a comprehensive test was conducted on the net effects of age and cohort on political satisfaction in Hong Kong. We use a newly developed methodology of Age-Period-Cohort analysis known as the Cross-Classified Random Effects Model and a pooled dataset of repeated cross-sectional surveys from 1997 to 2014. The findings reveal a U-shaped relationship between age and political satisfaction, in which the level of satisfaction of the youth is between that of the middle-aged and elderly, while the middle-aged express the least satisfaction and the elderly have the highest level of satisfaction. However, cohort effects are relatively weak. There is no evidence that later cohorts are less satisfied than earlier cohorts. These results indicate that the new generation is more politically dissatisfied due to their age rather than their cohort. We also find that period effects interact with age and cohort effects. The recent decline in the political satisfaction of 20-year-olds and of the cohort born in 1986 or later is more pronounced than that of older people and earlier birth cohorts. Under the rule of the current Chief Executive, young people were found to be much more dissatisfied than older people. The rise in the price of housing in recent years has also sharpened the differences in political satisfaction between those of different ages and cohorts. [ABSTRACT FROM AUTHOR]

The current study was an investigation of age and gender differences in the relation between students' school-related social support (i.e., teacher support and classmate support) and subjective well-being (SWB) in school (i.e., school satisfaction and affect in school), as well as the developmental differences in SWB in school. Data were collected from a sample of 2,158 students in Grades 4 through 11 in China on two separate occasions, 6-weeks apart. The findings indicated older age students reported lower levels of SWB in school than younger students. Furthermore, girls reported higher levels of school satisfaction than boys. In addition, both teacher support and classmate support significantly related to school satisfaction at Time 2 (controlling for Time 1) for all students. Classmate support significantly related to affect in school at Time 2 for all students, whereas teacher support only significantly related to affect in school at Time 2 for elementary school students. Specifically, teacher support accounted for the larger amount of variance in school satisfaction at Time 2 for elementary and high school students. Gender moderated the relation between teacher support and school satisfaction at Time 2 for elementary school students, as well as the relation between classmate support and school satisfaction at Time 2 for middle school students. Implications based on developmental considerations were discussed. [ABSTRACT FROM AUTHOR]

Research into the well-being of individuals in the workplace has a range of important implications not just in terms of its potential economic impact, but also with respect to physical and mental health. Thus, measurement of workplace well-being is of considerable importance. Despite the apparent need for specific measurement tools for the workplace, there has been a lack of well constructed measures. The 31-item Workplace Well-being Questionnaire (WWQ) was developed to address this area of unmet need, with results from an initial analysis identifying four factors that could account for the majority of variance. The current study examines the validity of this measure of workplace well-being in a large sample of 7,717 individuals, using exploratory and confirmatory factor analyses. Exploratory factor analyses provided modest support for the four-factor solution of the original WWQ, with two factors showing changes in their loading pattern, and several items loading on different factors when compared to the initial findings. Confirmatory factor analysis on a revised set of items/factors from the WWQ showed reasonable fit statistics, suggesting the need for a slightly modified structure of the measure. The variables of work type, gender and age were analysed against the new WWQ structure, with findings suggesting a relatively consistent pattern of responding across these factors. Based on the findings in such a large sample the WWQ can now offer greater precision of well-being measurement in the workplace across genders, as well as different ages and job types. [ABSTRACT FROM AUTHOR]

The role of structural characteristics of the residential context in influencing adolescents' Sense of community (SoC) has received limited consideration in the literature. Aim of this study was to assess SoC in male and female adolescents living in two Italian provinces characterized by different positions on indicators of quality of life. The moderating role of adolescent gender and age group on SoC was also considered. The sample includes 1,182 adolescents: 46.2 % male and 53.8 % female. Age ranged from 16 to 22 years ( M = 17.5; SD = 1.23). Findings indicate that levels of Sense of community differ between the two provinces and are higher among adolescents living in the more 'advantaged' context (Rimini) based on quality of life objective indicators. Males score higher than females except in the more 'advantaged' context, whereas girls experience greater opportunities for influence. SoC tends to decrease with age, as the context becomes increasingly insufficient for satisfying adolescents' needs. Findings indicate that the context significantly affects adolescents' SoC and that such effect is partly moderated by gender and age. [ABSTRACT FROM AUTHOR]

Since the mid-60s of the twentieth-century, the researchers have made lots of studies on the relationship between age and subjective well-being (SWB), and yielded some contradictory conclusions. By using an urban sample (N = 3,099) from five capital cities in Mainland China, this paper presents some new evidence on this issue in the Chinese context. The paper reconfirms a significant relationship between age and subjective well-being, and argues that different measure instruments of subjective well-being lead to different types of relationship. It is partly testified that subjective well-being follows approximate U-shape across age groups, and the minimum point lies in the age band 45-49. It is also found that age is not always a strong significant predictor of subjective well-being when a different dependent variable was adopted to multiple regression analysis. It is suggested that the researchers should pay more attention to the specific content of subjective well-being while examining the relationship between age and subjective well-being. [ABSTRACT FROM AUTHOR]

This study examines the effects of age and gender on work-related subjective well-being, looking at job-related affective well-being and job satisfaction. Specifically, it investigates whether older women, who may be doubly disadvantaged in being old and being women, are victims of a 'double jeopardy' effect. Self-reported survey-data were obtained from 446 adults employed full-time. The results of this study suggest that age seems to matter more than gender in the workplace, and that aging is associated with lower job-related well-being and higher job satisfaction. Although older women reported slightly lower job-related affective well-being than men, the decrease of subjective well-being with age impacts on both genders. [ABSTRACT FROM AUTHOR]

Three separate issues concerning the relation between age and satisfaction with sex life are addressed in this article. The first issue was concerned with the age generalizability of the factor structure produced by responses to the Satisfaction with Sex Life Scale (SWSLS). The second issue was to examine whether there were differences in the satisfaction with sex life according to certain background characteristics, namely age. Finally, the relationship between scores on the SWSLS with those on other relational constructs was explored. Data collection involved completion of a questionnaire. The sample consisted of 1,144 participants. The mean ages of the sample were 38.99 years in (SD = 16.91); ages ranged from 20 to 80. The data indicated that the factor structure of responses to the SWSLS were highly similar through adult life. Religious involvement, marital status, and love status influenced satisfaction with sex life. Expected correlations with measures of other relationship constructs were found. The strongest predictor of satisfaction with sex live across the adult life span was love satisfaction. Suggestions concerning the use of the SWSLS for research and clinical purposes are offered. [ABSTRACT FROM AUTHOR]

Job attitudes and subjective well-being (SWB) have important relationships with one another. Moreover, job attitudes and, to an extent, SWB are related to chronological age. Owing to a 'graying' workforce in industrialized countries, uncovering how age influences job attitudes is increasingly important. The present work explores the effects of cognitive-aging research on the item response process during attitude measurement. Research finds that older individuals attend selectively to positive affective experiences and weigh affective experiences more heavily during judgment than younger individuals. Based on cognitive-aging research, we propose an item-response process and hypothesize that chronological age results in a specific form of measurement non- equivalence. Our hypothesis is tested on 2 different samples of university employees, across 3 different job attitudes rooted in emotional experiences. Results indicate age-related measurement non-equivalence across all 3 attitudes such that older employees report more positive job attitudes than younger employees even when controlling for the latent attitude construct. Our findings suggest caution in interpreting of age-satisfaction correlations, focusing greater attention on understanding item response processes of older versus younger individuals and increased attention to job-related emotional experience for older employees. [ABSTRACT FROM AUTHOR]

Time-use analyses typically report the duration and frequency of pursuing specific types of activity. But how people evaluate what they report doing is not necessarily evident without additional, complementary forms of data. There are many alternative approaches to the measurement of subjective aspects of daily time-use, ranging from short term and activity-specific to long term and general. How is the extent of enjoyment operationalized, and what aspects of activity are then shown as germane? A special analytic focus in this paper is on a question pursued in the past by Statistics Canada-on the most enjoyable activity reported on a respondent's time diary. Data show that the activity most frequently chosen as most enjoyable is not the same as activities less frequently pursued but of greater salience for enjoyability if done. Watching television is a nearly ubiquitous activity, hence gathering a high frequency of 'votes' as most enjoyable activity. In contrast, a significantly higher percentage of those pursuing activities with active social participation or a live venue choose these as the affective highlights of their day. This paper explores what these constructs make possible with time-use data for understanding what makes an activity most enjoyable. [ABSTRACT FROM AUTHOR]

The quality of life is determined with objective factors and also with subjective perception of factors which influence human life. Leisure activities play a very important role in subjective well-being because they provide opportunities to meet life values and needs. Through participation in leisure activities people build social relationships, feel positive emotions, acquire additional skills and knowledge, and therefore improve their quality of life. In this report we will explore how leisure activities improve subjective well-being. We will try to distinguish among different types of leisure activities and find those which contribute more to the subjective well-being. Particularly, we will explore which leisure activities contribute to the subjective well-being of women and men of different age. Our study is based on data from a representative sample of Croatian citizens (N = 4,000), who estimated their subjective well-being and participation in various leisure activities. First, we will describe the subjective well-being of various groups of people who differ by gender and age. Afterward, we will identify important leisure activities which determine subjective well-being across age and gender groups. Overall, our results show that engagement in leisure activities contributes to subjective well being, while the pattern of important leisure activities somewhat varies across different age and gender groups. [ABSTRACT FROM AUTHOR]

Does happiness vary with age? The evidence is inconclusive. Some studies show happiness to increase with age (Diener et al. ; Argyle ). Others hold that the association is U-shaped with either highest depression rates (Mroczek and Christian ; Blanchflower and Oswald ) or highest happiness levels occurring during middle age (Easterlin ). Current studies suffer from two shortcomings. Firstly, they do not control for three confounding time variables: age, period and cohort effects. Secondly, all empirical research lacks a theoretical explanation as to why age affects happiness. The purpose of our analysis is to contribute to closing both of these research gaps. A social investment model frames the dynamics of happiness across the life-span. The empirical test draws on West German panel data that followed individuals from 1984 to 2005. Descriptive analysis shows a cubic age function with the lowest level at middle age. However, hierarchical three-level variance component models (Rabe-Hesketh and Skrondal ), find significant differences across pre-war and post-war cohorts, baby boomers and offspring of the baby bust as well as deviations during reunification. Yet, cohort and period effects account for less than 10% of the variance. (Un)happiness in midlife is more strongly determined by gender-specific occasional influences and individual characteristics. Both define objective and subjective returns of professional and personal life investments. These social investment decisions date back to early adulthood and bear a high risk of failure during midlife. Unforeseen consequences and long-term private and professional commitments make it costly to adjust, but at the same time new investments may pay off in a pro-longed future. This dilemma turns many middle-aged people into “frustrated achievers”. [ABSTRACT FROM AUTHOR]

Prior research consistently has found that older adults, despite low incomes, are more financially satisfied than younger adults. This “satisfaction paradox” is typically attributed to elders’ supposed psychological accommodation to poor financial circumstances. We advance a different explanation, one that focuses on substantial age differences in wealth and liabilities. Data are from the first wave of the Norwegian NorLAG study ( n = 4,169). Findings support the hypothesis that an examination of a wider range of economic variables shows that material circumstances are more important to the financial satisfaction of the elderly than previously believed. A considerable part of the higher financial satisfaction with increasing age can thus be explained by greater assets and less debt among the aged. Nonetheless, assets and debt do not mediate this relationship at lower incomes, because older people with little income have very little accumulated wealth. As older people with little income and wealth have a much stronger tendency to be financially satisfied than their younger, equally poor counterparts, an “aging paradox” still remains in this field. [ABSTRACT FROM AUTHOR]