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Digital Library

of the European Council for Modelling and Simulation

 

Title:

EUROPEAN QUALITY OF LIFE IN RETIREMENT - Analyzing Personal Differences based on SHARE data

Authors:

Agnes Vaskoevi, Erzsebet Kovacs, Sara Szanyi-Nagy

Published in:

 

 

(2022). ECMS 2022, 36th Proceedings
Edited by: Ibrahim A. Hameed, Agus Hasan, Saleh Abdel-Afou Alaliyat, European Council for Modelling and Simulation.

 

DOI: http://doi.org/10.7148/2022

ISSN: 2522-2422 (ONLINE)

ISSN: 2522-2414 (PRINT)

ISSN: 2522-2430 (CD-ROM)

 

ISBN: 978-3-937436-77-7
ISBN: 978-3-937436-76-0(CD)

 

Communications of the ECMS , Volume 36, Issue 1, June 2022,

Ålesund, Norway May 30th - June 3rd, 2022

 

Citation format:

Agnes Vaskoevi, Erzsebet Kovacs, Sara Szanyi-Nagy (2022). EUROPEAN QUALITY OF LIFE IN RETIREMENT - Analyzing Personal Differences based on SHARE data, ECMS 2022 Proceedings Edited By: Ibrahim A. Hameed, Agus Hasan, Saleh Abdel-Afou Alaliyat, European Council for Modeling and Simulation.

doi:10.7148/2022-0051

DOI:

https://doi.org/10.7148/2022-0051

Abstract:

Background Population ageing is one of the greatest challenges of the 21 century. While in 1996 the number of retirees to the total population in the European Union was 14.97%, by 2020 this number had risen to 20.6%. Numerous studies talk about different aspects of ageing, however the European economic and demographic literature do not pay enough attention to the quality of pensioners’ life. Objective In this paper, we provide a wide picture of their life exploring the individual differences. We used data from the 2017 wave of the multidisciplinary database Survey of Health, Aging and Retirement in Europe (SHARE), including personal data on 17,726 retired people from 24 European countries by demographics, education, health status, and their finances. Method We examined the differences with Principal component analysis and OneWay ANOVA evaluating the F-test significances. Results We found that (i) the health status of European pensioners depends mainly on their age and gender, (ii) investment habits are most significantly connected to education level and the region, (iii) happiness is particularly defined also by education and the region.

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