{"title":"A similar effect of volunteering and pensions on subjective wellbeing of elderly","authors":"Adam Okulicz-Kozaryn, L. Morawski","doi":"10.14254/2071-789x.2021/14-2/1","DOIUrl":null,"url":null,"abstract":"DOI: 10.14254/2071789X.2021/14-2/1 ABSTRACT. We study the effect of pensions and volunteering on subjective wellbeing (SWB) of elderly using the latest wave 6 of Survey of Health, Aging and Retirement in Europe (SHARE). This is the first study to consider pensions and volunteering simultaneously as determinants of SWB among elderly. We find that the effect of volunteering on SWB is not much smaller or indeed about as large as that of pensions. The most SWB is associated with volunteering about every week, but there is already a substantial effect even if one volunteers only about every month. We also find that the higher the income or wealth, but not pension, the lower the effect of volunteering – there may be higher opportunity cost for richer people to engage in volunteering. High European pensions may be unsustainable in the long run – we argue that promotion of volunteering is one way to increase elderly’s subjective wellbeing amidst tightening budgets.","PeriodicalId":51663,"journal":{"name":"Economics & Sociology","volume":" ","pages":""},"PeriodicalIF":2.1000,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics & Sociology","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.14254/2071-789x.2021/14-2/1","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
DOI: 10.14254/2071789X.2021/14-2/1 ABSTRACT. We study the effect of pensions and volunteering on subjective wellbeing (SWB) of elderly using the latest wave 6 of Survey of Health, Aging and Retirement in Europe (SHARE). This is the first study to consider pensions and volunteering simultaneously as determinants of SWB among elderly. We find that the effect of volunteering on SWB is not much smaller or indeed about as large as that of pensions. The most SWB is associated with volunteering about every week, but there is already a substantial effect even if one volunteers only about every month. We also find that the higher the income or wealth, but not pension, the lower the effect of volunteering – there may be higher opportunity cost for richer people to engage in volunteering. High European pensions may be unsustainable in the long run – we argue that promotion of volunteering is one way to increase elderly’s subjective wellbeing amidst tightening budgets.
期刊介绍:
Economics and Sociology (ISSN 2306-3459 Online, ISSN 2071-789X Print) is a quarterly international academic open access journal published by Centre of Sociological Research in co-operation with University of Szczecin (Poland), Mykolas Romeris University (Lithuania), Dubcek University of Trencín, Faculty of Social and Economic Relations, (Slovak Republic) and University of Entrepreneurship and Law, (Czech Republic). The general topical framework of our publication include (but is not limited to): advancing socio-economic analysis of societies and economies, institutions and organizations, social groups, networks and relationships.[...] We welcome articles written by professional scholars and practitioners in: economic studies and philosophy of economics, political sciences and political economy, research in history of economics and sociological phenomena, sociology and gender studies, economic and social issues of education, socio-economic and institutional issues in environmental management, business administration and management of SMEs, state governance and socio-economic implications, economic and sociological development of the NGO sector, cultural sociology, urban and rural sociology and demography, migration studies, international issues in business risk and state security, economics of welfare.