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A Longitudinal Study Of Well-Being Of Older Europeans: Does Retirement Matter?, Raquel Fonseca, Arie Kapteyn, Jinkook Lee, Gema Zamarro, Kevin Feeney
A Longitudinal Study Of Well-Being Of Older Europeans: Does Retirement Matter?, Raquel Fonseca, Arie Kapteyn, Jinkook Lee, Gema Zamarro, Kevin Feeney
Gema Zamarro
We examine determinants of financial and subjective well-being, in particular poverty and depression, among older individuals in Europe. We do so using the 2004, 2006, and 2010 waves of the Survey of Health Ageing and Retirement in Europe and estimating dynamic panel data and binary choice transition models. We find a number of common effects across financial and subjective well-being. Unemployment, disabilities, serious health conditions, lower education, being female, and not being married increase the probability of poverty or depression. Conversely, healthy individuals, those with higher levels of education, males, and married individuals have higher probabilities of exiting poverty or …