Abstract #302077

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JSM 2003 Abstract #302077
Activity Number: 406
Type: Topic Contributed
Date/Time: Wednesday, August 6, 2003 : 2:00 PM to 3:50 PM
Sponsor: Social Statistics Section
Abstract - #302077
Title: Age and Extended Measures of Well-Being
Author(s): Kurt J. Bauman*+
Companies: U.S. Census Bureau
Address: Population Division, Washington, DC, 20233-8800,
Keywords: poverty ; aging ; well-being ; hardship
Abstract:

Increasing interest has focused on new ways to measure well-being. Traditional poverty measures don't account for many direct and indirect costs of living. Research on the impacts of social welfare policy has therefore increasingly become reliant on direct well-being measures to guage effects of income, program, and family changes. A prominent, but poorly understood difference between direct well-being measures and traditional poverty is the effect of age. The effect of age has been examined previous research by several authors. Moving from zero order effects to a full multivariate regression with interactions barely shifts the effect of age. An untested reason that older people may claim to have greater well-being is that they have lower personal standards for what an acceptable level of material comfort entails. To formally test this hypothesis, I plan to construct a variable that measures how favorably an individual respondent rates circumstances in their households, by comparing responses about specific problems affecting well-being with general assessments of satisfaction. The residual should provide a measure of propensity to rate situations favorably.

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