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A longitudinal study of the effects of well-being and perceived control on preparations for old age: moderation effects of contexts

Author

Listed:
  • Jeongsoo Park

    (Ajou University)

  • Thomas M. Hess

    (North Carolina State University)

  • Helene H. Fung

    (Chinese University of Hong Kong)

  • Anna Kornadt

    (University of Luxembourg)

  • Klaus Rothermund

    (Friedrich Schiller University Jena)

Abstract

Extending research on determinants of preparations for old age across adulthood, we examined the relationship between well-being, perceived control, and preparations for old age over time, along with variation in the strength of these relationships depending on domains of functioning, cultures, and age. We analyzed longitudinal data from the Ageing as Future study assessing changes in well-being, perceived control, and preparations in four different life domains (social relations, finances, work, and health) across a five-year period collected from adults aged from 30 to 85 years in Germany (N = 623), Hong Kong (N = 317), and the USA (N = 315). Positive feelings about one’s current situation predicted greater perceived control five years later, and vice versa. Also, perceived control and preparations were positively associated over time, with only a few exceptions within each domain. For example, high control beliefs were related to subsequent greater preparations and well-being within the domain of social relations and finances, with weak effects of culture. These results suggest that current well-being may promote adaptive behaviors in later life, with the accumulated effects over time. Thus, focusing on how to improve our well-being may promote engagement in preparations for old age. Our results also indicate that these relations in our model vary by contexts, highlighting the importance of variability in age-related processes.

Suggested Citation

  • Jeongsoo Park & Thomas M. Hess & Helene H. Fung & Anna Kornadt & Klaus Rothermund, 2022. "A longitudinal study of the effects of well-being and perceived control on preparations for old age: moderation effects of contexts," European Journal of Ageing, Springer, vol. 19(4), pages 1429-1440, December.
    • Handle: RePEc:spr:eujoag:v:19:y:2022:i:4:d:10.1007_s10433-022-00728-9
    DOI: 10.1007/s10433-022-00728-9
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    References listed on IDEAS

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    1. Maarten C.J. van Rooij & Annamaria Lusardi & Rob J.M. Alessie, 2012. "Financial Literacy, Retirement Planning and Household Wealth," Economic Journal, Royal Economic Society, vol. 122(560), pages 449-478, May.
    2. Anna E. Kornadt & Klaus Rothermund, 2011. "Contexts of Aging: Assessing Evaluative Age Stereotypes in Different Life Domains," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 66(5), pages 547-556.
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    4. Helene H. Fung & Franziska S. Stoeber & Dannii Yuen-lan Yeung & Frieder R. Lang, 2008. "Cultural Specificity of Socioemotional Selectivity: Age Differences in Social Network Composition Among Germans and Hong Kong Chinese," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 63(3), pages 156-164.
    5. Gerstorf, Denis & Heckhausen, Jutta & Ram, Nilam & Infurna, Frank J. & Schupp, Jürgen & Wagner, Gert, 2014. "Perceived Personal Control Buffers Terminal Decline in Well-Being," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 29(3), pages 612-625.
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