IDEAS home Printed from https://ideas.repec.org/a/gam/jijerp/v19y2022i18p11375-d911268.html
   My bibliography  Save this article

Level of Concern, Spending, and External Support Related to COVID-19: A Comparison between Working and Non-Working Older Adults

Author

Listed:
  • Zuojin Yu

    (Department of Health Sciences, Towson University, Towson, MD 21252, USA)

  • Aurora B. Le

    (Department of Environmental Health Sciences, School of Public Health, University of Michigan, Ann Arbor, MI 48109, USA)

  • Alexa Doerr

    (KBR Wyle Services, LLC, NASA Johnson Space Center, Houston, TX 77058, USA)

  • Todd D. Smith

    (Department of Applied Health Science, School of Public Health, Indiana University—Bloomington, Bloomington, IN 47405, USA)

Abstract

This study compared levels of concern, spending, and use of external support by working status among older adults in the U.S. during the COVID-19 pandemic. It assessed whether work influences these variables related to wellness. Data from 2489 older adults from the 2020 U.S. Health and Retirement Study were analyzed using multiple linear and logistic regression. Older adults who worked had lower concerns about the pandemic (β = −0.28, p = 0.048), were less likely to increase their spending (OR = 0.74, p = 0.041), and were less likely to use external support (OR = 0.50, p < 0.001). Use of external support increased with age (OR = 1.04, p < 0.001) and increased spending (OR = 1.32, p = 0.019). Married older adults were less likely to increase spending (OR = 0.75, p = 0.007) and had lower concerns toward COVID-19 (β = −0.28, p = 0.011). Higher levels of concern were reported among women (β = 0.31, p = 0.005) and participants who had friends or family members diagnosed with COVID-19 (β = 0.51, p < 0.001). Women were more likely to use support (OR = 1.80, p < 0.001). Work appears to bolster older adult wellness outcomes.

Suggested Citation

  • Zuojin Yu & Aurora B. Le & Alexa Doerr & Todd D. Smith, 2022. "Level of Concern, Spending, and External Support Related to COVID-19: A Comparison between Working and Non-Working Older Adults," IJERPH, MDPI, vol. 19(18), pages 1-10, September.
    • Handle: RePEc:gam:jijerp:v:19:y:2022:i:18:p:11375-:d:911268
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1660-4601/19/18/11375/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1660-4601/19/18/11375/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Truc Thi Mai Bui & Patrick Button & Elyce G. Picciotti, 2020. "Early Evidence on the Impact of COVID-19 and the Recession on Older Workers," NBER Working Papers 27448, National Bureau of Economic Research, Inc.
    2. Benjamin W Nelson & Adam Pettitt & Jessica E Flannery & Nicholas B Allen, 2020. "Rapid assessment of psychological and epidemiological correlates of COVID-19 concern, financial strain, and health-related behavior change in a large online sample," PLOS ONE, Public Library of Science, vol. 15(11), pages 1-16, November.
    3. Alberto Alesina & Andrea Ichino & Loukas Karabarbounis, 2011. "Gender-Based Taxation and the Division of Family Chores," American Economic Journal: Economic Policy, American Economic Association, vol. 3(2), pages 1-40, May.
    4. Scott R Baker & Robert A Farrokhnia & Steffen Meyer & Michaela Pagel & Constantine Yannelis & Jeffrey Pontiff, 0. "How Does Household Spending Respond to an Epidemic? Consumption during the 2020 COVID-19 Pandemic," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 10(4), pages 834-862.
    5. Tiina-Mari Lyyra & Riitta-Liisa Heikkinen, 2006. "Perceived Social Support and Mortality in Older People," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 61(3), pages 147-152.
    6. Rachel Croson & Uri Gneezy, 2009. "Gender Differences in Preferences," Journal of Economic Literature, American Economic Association, vol. 47(2), pages 448-474, June.
    7. Michael Danquah & Simone Schotte & Kunal Sen, 2020. "COVID-19 and Employment: Insights from the Sub-Saharan African Experience," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 63(1), pages 23-30, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sumedha Gupta & Kosali I. Simon & Coady Wing, 2020. "Mandated and Voluntary Social Distancing During The COVID-19 Epidemic: A Review," NBER Working Papers 28139, National Bureau of Economic Research, Inc.
    2. Stefanie Huber, 2022. "SHE canÕt afford it and HE doesnÕt want it: The gender gap in the COVID-19 consumption response," Tinbergen Institute Discussion Papers 22-029/II, Tinbergen Institute.
    3. Bredemeier, Christian, 2019. "Gender Gaps in Pay and Inter-Firm Mobility," IZA Discussion Papers 12785, Institute of Labor Economics (IZA).
    4. Giacomo De Giorgi & Marco Paccagnella & Michele Pellizzari, 2013. "Gender complementarities in the labor market," Questioni di Economia e Finanza (Occasional Papers) 183, Bank of Italy, Economic Research and International Relations Area.
    5. Ertac, Seda & Gumren, Mert & Gurdal, Mehmet Y., 2020. "Demand for decision autonomy and the desire to avoid responsibility in risky environments: Experimental evidence," Journal of Economic Psychology, Elsevier, vol. 77(C).
    6. Owen, Ann L. & Temesvary, Judit, 2018. "The performance effects of gender diversity on bank boards," Journal of Banking & Finance, Elsevier, vol. 90(C), pages 50-63.
    7. Becchetti, Leonardo & Degli Antoni, Giacomo & Ottone, Stefania & Solferino, Nazaria, 2013. "Allocation criteria under task performance: The gendered preference for protection," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 45(C), pages 96-111.
    8. Bjorvatn, Kjetil & Falch, Ranveig & Hernæs, Ulrikke, 2016. "Gender, context and competition: Experimental evidence from rural and urban Uganda," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 61(C), pages 31-37.
    9. Kerri Brick & Martine Visser & Justine Burns, 2012. "Risk Aversion: Experimental Evidence from South African Fishing Communities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(1), pages 133-152.
    10. Matteo Migheli, 2021. "Green purchasing: the effect of parenthood and gender," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(7), pages 10576-10600, July.
    11. Dreber, Anna & Heikensten, Emma & Säve-Söderbergh, Jenny, 2022. "Why do women ask for less?," Labour Economics, Elsevier, vol. 78(C).
    12. Girardone, Claudia & Kokas, Sotirios & Wood, Geoffrey, 2021. "Diversity and women in finance: Challenges and future perspectives," Journal of Corporate Finance, Elsevier, vol. 71(C).
    13. van de Walle, Dominique, 2011. "Lasting welfare effects of widowhood in a poor country," Policy Research Working Paper Series 5734, The World Bank.
    14. Friedrich Heinemann & Martin Kocher, 2013. "Tax compliance under tax regime changes," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(2), pages 225-246, April.
    15. Oznur Ozdamar & Eleftherios Giovanis & Sahizer Samuk, 2020. "State business relations and the dynamics of job flows in Egypt and Turkey," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 10(4), pages 519-558, December.
    16. Astrid Dannenberg & Carlo Gallier, 2020. "The choice of institutions to solve cooperation problems: a survey of experimental research," Experimental Economics, Springer;Economic Science Association, vol. 23(3), pages 716-749, September.
    17. Jacquet, Laurence & Lehmann, Etienne, 2021. "How to Tax Different Incomes?," IZA Discussion Papers 14739, Institute of Labor Economics (IZA).
    18. Leanne Roncolato & Alex Roomets, 2020. "Who will change the “baby?” Examining the power of gender in an experimental setting," Review of Economics of the Household, Springer, vol. 18(3), pages 823-852, September.
    19. Filiz-Ozbay, Emel & Guryan, Jonathan & Hyndman, Kyle & Kearney, Melissa & Ozbay, Erkut Y., 2015. "Do lottery payments induce savings behavior? Evidence from the lab," Journal of Public Economics, Elsevier, vol. 126(C), pages 1-24.
    20. Bannier, Christina E. & Neubert, Milena, 2016. "Gender differences in financial risk taking: The role of financial literacy and risk tolerance," Economics Letters, Elsevier, vol. 145(C), pages 130-135.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jijerp:v:19:y:2022:i:18:p:11375-:d:911268. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.