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Centre for Policy on Ageing | |
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| Older adults and financial bequests | | Author(s) | Marsha A Goetting, Peter Martin, Christine Johnson |
| Journal title | International Journal of Aging and Human Development, vol 50, no 3, 2000 |
| Pages | pp 227-244 |
| Keywords | Legacies ; Social characteristics [elderly] ; Mathematical models ; Evaluation ; United States of America. |
| Annotation | Using data from Aging and Health Dynamics (AHEAD), this US research investigated a model predicting an older person's assessment regarding chances (from 0 to 100) of leaving a financial bequest. Structural equation modelling analyses revealed three significant predictors of a high assessment (older age, high sense of control, and high socio-economic status) and three predictors of low status (race, physical health problems, and assessment of the chances of medical expenses depleting savings). Whites had higher financial bequest assessments than non-Whites. Physical health problems and the depleting savings assessment extended negative effects on the financial bequest assessment. Marital status and negative psychological functioning exerted indirect effects through sense of control and through the depleting savings assessment. (RH). |
| Accession Number | CPA-001019213 A |
| Classmark | QE7: F: 3LM: 4C: 7T |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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