IDEAS home Printed from https://ideas.repec.org/a/spr/soinre/v169y2023i3d10.1007_s11205-023-03195-6.html
   My bibliography  Save this article

A Global Indicator to Track Well-Being in the Silver and Golden Age

Author

Listed:
  • Qi Guo

    (Universidad Carlos III de Madrid)

  • Aurea Grané

    (Universidad Carlos III de Madrid)

  • Irene Albarrán

    (Universidad Carlos III de Madrid)

Abstract

In this work, we design a protocol to obtain global indicators of health and well-being from weighted and longitudinal heterogeneous multivariate data. First, we consider a set of thematic sub-indicators of interest observed in several periods. Next, we combine them using the Common Principal Component (CPC) model. For this purpose, we put a new straightforward CPC model to cope with weighted and longitudinal data and develop a new statistic to test the validity of the CPC-longitudinal model, whose distribution is obtained by stratified bootstrap. To illustrate this methodology, we use data from the last three waves of the Survey of Health, Ageing and Retirement in Europe (SHARE), which is the largest cross-European social science panel study data set covering insights into the public health and socio-economic living conditions of European individuals. In particular, we first design four thematic indicators that focus on general health status, dependency situation, self-perceived health, and socio-economic status. We then apply the CPC-longitudinal model to obtain a global indicator to track the well-being in the silver and golden age in the 18 participating European countries from 2015 to 2020. We found that the latest survey wave 8 captures the early reactions of respondents successfully. The pandemic significantly worsens people’s physical health conditions; however, the analysis of their self-perceived health presents a delay. Tracking the performances of our global indicator, we also found that people living in Northern Europe mainly have better health and well-being status than in other participating countries.

Suggested Citation

  • Qi Guo & Aurea Grané & Irene Albarrán, 2023. "A Global Indicator to Track Well-Being in the Silver and Golden Age," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(3), pages 1057-1086, October.
  • Handle: RePEc:spr:soinre:v:169:y:2023:i:3:d:10.1007_s11205-023-03195-6
    DOI: 10.1007/s11205-023-03195-6
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11205-023-03195-6
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s11205-023-03195-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Daniela Weber & Elke Loichinger, 2022. "Live longer, retire later? Developments of healthy life expectancies and working life expectancies between age 50–59 and age 60–69 in Europe," European Journal of Ageing, Springer, vol. 19(1), pages 75-93, March.
    2. Chi-Tsun Chiu, 2019. "Living arrangements and disability-free life expectancy in the United States," PLOS ONE, Public Library of Science, vol. 14(2), pages 1-16, February.
    3. Trendafilov, Nickolay T., 2010. "Stepwise estimation of common principal components," Computational Statistics & Data Analysis, Elsevier, vol. 54(12), pages 3446-3457, December.
    4. Aviad Tur-Sinai & Andrea Teti & Alexander Rommel & Valentina Hlebec & Giovanni Lamura, 2020. "How Many Older Informal Caregivers Are There in Europe? Comparison of Estimates of Their Prevalence from Three European Surveys," IJERPH, MDPI, vol. 17(24), pages 1-17, December.
    5. Justin B. Hollander & Henry Renski & Cara Foster-Karim & Andrew Wiley, 2020. "Micro Quality of Life: Assessing Health and Well-Being in and around Public Facilities in New York City," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 15(3), pages 791-812, July.
    6. Jesús Peiró-Palomino & Andrés J. Picazo-Tadeo, 2018. "OECD: One or Many? Ranking Countries with a Composite Well-Being Indicator," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(3), pages 847-869, October.
    7. Michael Rendall & Margaret Weden & Melissa Favreault & Hilary Waldron, 2011. "The Protective Effect of Marriage for Survival: A Review and Update," Demography, Springer;Population Association of America (PAA), vol. 48(2), pages 481-506, May.
    8. Annalina Sarra & Eugenia Nissi, 2020. "A Spatial Composite Indicator for Human and Ecosystem Well-Being in the Italian Urban Areas," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 148(2), pages 353-377, April.
    9. Valérie-Anne Ryser & Clément Meier & Sarah Vilpert & Jürgen Maurer, 2023. "Health literacy across personality traits among older adults: cross-sectional evidence from Switzerland," European Journal of Ageing, Springer, vol. 20(1), pages 1-13, December.
    10. Luis César Herrero-Prieto & Iván Boal-San Miguel & Mafalda Gómez-Vega, 2019. "Deep-Rooted Culture and Economic Development: Taking the Seven Deadly Sins to Build a Well-Being Composite Indicator," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(2), pages 601-624, July.
    11. Leonie C. Steckermeier, 2021. "The Value of Autonomy for the Good Life. An Empirical Investigation of Autonomy and Life Satisfaction in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(2), pages 693-723, April.
    12. Aurea Grané & Irene Albarrán & Qi Guo, 2021. "Visualizing Health and Well-Being Inequalities Among Older Europeans," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(2), pages 479-503, June.
    13. Marlen Toch-Marquardt & Gwenn Menvielle & Terje A Eikemo & Ivana Kulhánová & Margarete C Kulik & Matthias Bopp & Santiago Esnaola & Domantas Jasilionis & Netta Mäki & Pekka Martikainen & Enrique Regid, 2014. "Occupational Class Inequalities in All-Cause and Cause-Specific Mortality among Middle-Aged Men in 14 European Populations during the Early 2000s," PLOS ONE, Public Library of Science, vol. 9(9), pages 1-11, September.
    14. Haomiao Jia & Erica I Lubetkin, 2020. "Life expectancy and active life expectancy by disability status in older U.S. adults," PLOS ONE, Public Library of Science, vol. 15(9), pages 1-13, September.
    15. Manuel de Maya Matallana & María López-Martínez & Prudencio José Riquelme-Perea, 2022. "Measurement of Quality of Life in Spanish Regions," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(1), pages 1-30, February.
    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. Giacalone, Massimiliano & Mattera, Raffaele & Nissi, Eugenia, 2022. "Well-being analysis of Italian provinces with spatial principal components," Socio-Economic Planning Sciences, Elsevier, vol. 84(C).
    2. María Elena Martínez & Jonathan T Unkart & Li Tao & Candyce H Kroenke & Richard Schwab & Ian Komenaka & Scarlett Lin Gomez, 2017. "Prognostic significance of marital status in breast cancer survival: A population-based study," PLOS ONE, Public Library of Science, vol. 12(5), pages 1-14, May.
    3. Kieren J. Egan & William Hodgson & Gennaro Imperatore & Mark D. Dunlop & Roma Maguire & Alison Kirk, 2022. "Supporting Physical Activity for Informal Caregivers during and beyond COVID-19: Exploring the Feasibility, Usability and Acceptability of a Digital Health Smartphone Application, ‘CareFit’," IJERPH, MDPI, vol. 19(19), pages 1-18, September.
    4. Fusco, Elisa, 2023. "Potential improvements approach in composite indicators construction: The Multi-directional Benefit of the Doubt model," Socio-Economic Planning Sciences, Elsevier, vol. 85(C).
    5. Akinori Kitsuki & Shunsuke Managi, 2023. "Importance Weighting in Subjective Well-Being Measures: Using Marginal Utilities as Weights for Domain Satisfaction," Journal of Happiness Studies, Springer, vol. 24(3), pages 1101-1120, March.
    6. Jean-Paul Azam & Elodie Djemai, 2019. "Matching, Cooperation and HIV in the Couple," Working Papers DT/2019/02, DIAL (Développement, Institutions et Mondialisation).
    7. Jesús Peiró-Palomino & Andrés J. Picazo-Tadeo, 2018. "Assessing well-being in European regions. Does government quality matter?," Working Papers 2018/06, Economics Department, Universitat Jaume I, Castellón (Spain).
    8. Szanyi-Nagy, Sára & Vaskövi, Ágnes, 2021. "Hogyan élnek az európai nyugdíjasok? Egyéni szintű különbözőségek vizsgálata SHARE-adatok alapján [European quality of life in retirement. Analysing personal differences through SHARE data]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1336-1363.
    9. Davillas, Apostolos & Pudney, Stephen, 2020. "Biomarkers, disability and health care demand," Economics & Human Biology, Elsevier, vol. 39(C).
    10. Wolfe, Joseph D. & Thomeer, Mieke Beth & Reczek, Rin, 2023. "Age at first birth and women's midlife health: Cohort and race differences across the 20th century," Social Science & Medicine, Elsevier, vol. 331(C).
    11. Luis César Herrero-Prieto & Iván Boal-San Miguel & Mafalda Gómez-Vega, 2019. "Deep-Rooted Culture and Economic Development: Taking the Seven Deadly Sins to Build a Well-Being Composite Indicator," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(2), pages 601-624, July.
    12. Pilar Zueras & Roberta Rutigliano & Sergi Trias-Llimós, 0. "Marital status, living arrangements, and mortality in middle and older age in Europe," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 0, pages 1-10.
    13. Eleonora Trappolini & Giammarco Alderotti, 2023. "Migrants’ health in Italy: do the union status and the partner’s nationality matter? (Best Young Researcher Paper 2023)," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 77(2), pages 179-189, April-Jun.
    14. Graafland, Johan, 2023. "Economic freedom and life satisfaction: A moderated mediation model with individual autonomy and national culture," European Journal of Political Economy, Elsevier, vol. 79(C).
    15. Giménez, Víctor & Thieme, Claudio & Prior, Diego & Tortosa-Ausina, Emili, 2022. "Evaluation and determinants of preschool effectiveness in Chile," Socio-Economic Planning Sciences, Elsevier, vol. 81(C).
    16. Yan-Liang Yu & Zhenmei Zhang, 2017. "Interracial Marriage and Self-Reported Health of Whites and Blacks in the United States," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 36(6), pages 851-870, December.
    17. Rong Fu & Haruko Noguchi, 2018. "Does the positive relationship between health and marriage reflect protection or selection? Evidence from middle-aged and elderly Japanese," Review of Economics of the Household, Springer, vol. 16(4), pages 1003-1016, December.
    18. Gianluca Gucciardi, 2022. "Measuring the relative development and integration of EU countries’ capital markets using composite indicators and cluster analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(4), pages 1043-1083, November.
    19. Johan Graafland, 2020. "When Does Economic Freedom Promote Well Being? On the Moderating Role of Long-Term Orientation," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(1), pages 127-153, May.
    20. Wilson, Sven E., 2012. "Marriage, gender and obesity in later life," Economics & Human Biology, Elsevier, vol. 10(4), pages 431-453.

    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:spr:soinre:v:169:y:2023:i:3:d:10.1007_s11205-023-03195-6. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.