Ageing, Health and Life Satisfaction of the Oldest Old: An Analysis for Germany

40 Pages Posted: 17 Mar 2009

See all articles by Wencke Gwozdz

Wencke Gwozdz

Copenhagen Business School; University of Hohenheim

Alfonso Sousa-Poza

University of Hohenheim - Institute of Household and Consumer Economics; IZA Institute of Labor Economics

Abstract

This analysis uses data from the German Socio-Economic Panel (GSOEP) and the Survey on Health, Ageing and Retirement in Europe (SHARE) to assess the effect of ageing and health on the life satisfaction of the oldest old (defined as 75 and older). We observe a U-shaped relationship between age and levels of life satisfaction for individuals aged between 16 and approximately 65. Thereafter, life satisfaction declines rapidly and the lowest absolute levels of life satisfaction are recorded for the oldest old. This decline is primarily attributable to low levels of perceived health. Once cohort effects are also controlled for, life satisfaction remains relatively constant across the lifespan.

Keywords: oldest old, health, life satisfaction

JEL Classification: I18, I19, J28

Suggested Citation

Gwozdz, Wencke and Sousa-Poza, Alfonso, Ageing, Health and Life Satisfaction of the Oldest Old: An Analysis for Germany. IZA Discussion Paper No. 4053, Available at SSRN: https://ssrn.com/abstract=1359989 or http://dx.doi.org/10.2139/ssrn.1359989

Wencke Gwozdz (Contact Author)

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark
+4538153391 (Phone)

HOME PAGE: http://www.cbs.dk/staff/wg

University of Hohenheim ( email )

Germany

Alfonso Sousa-Poza

University of Hohenheim - Institute of Household and Consumer Economics ( email )

Fruwirthstrasse 48
Kavaliershaus 4 116
70599 Stuttgart
Germany
++49 (0)711/459-22863 (Phone)
++49 (0)711/459-23953 (Fax)

HOME PAGE: http://www.uni-hohenheim.de/hhoek/englisch/people/alfonsosousapoza/index.html

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
109
Abstract Views
1,437
Rank
464,560
PlumX Metrics