Pensioners’ subjective economic well-being in European countries: comparisons behind the income satisfaction paradox

onsdag, 24 oktober 2018

This study expands the research on the relativity of financial satisfaction in old age by taking into account contextual and longitudinal aspects.

With multilevel and longitudinal analysis methods, this study looks at how objectively measured income is related to subjectively measured perceptions of income adequacy and how relative comparisons to other population groups and to one’s own previous economic situation before retirement shape that relationship. The analyses are based on the surveys The Welfare and Services in Finland and European Union Statistics on Income and Living Conditions (EU-SILC).