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Centre for Policy on Ageing | |
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| Trends in financial satisfaction among middle-age and old-age Americans, 1972-1996 | | Author(s) | Chang-ming Hsieh |
| Journal title | International Journal of Aging and Human Development, vol 51, no 2, 2000 |
| Pages | pp 105-114 |
| Keywords | Economic status [elderly] ; Middle aged ; Age groups [elderly] ; Life satisfaction ; Longitudinal surveys ; United States of America. |
| Annotation | Using data from the US General Social Surveys (1972-1996), this study decomposes trends in financial satisfaction into intercohort and intracohort patterns, to assess the intracohort change and cohort replacement effects on financial satisfaction. The results suggest that a positive intracohort component of financial satisfaction trends, indicating more financial satisfaction with time; and a negative intercohort component, indicating that younger cohorts are less satisfied financially. The multivariate analysis further suggests that the change in financial satisfaction trends is mostly due to a strong intercohort replacement effect. That is, the change in financial satisfaction trends can be largely accounted for by the intercohort replacement effect of younger cohorts being less satisfied financially. (KJ/RH). |
| Accession Number | CPA-010403207 A |
| Classmark | F:W: SE: BB: F:5HH: 3J: 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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