Revisiting Economic Vulnerability in Old Age - Low Income and Subjective Experiences Among Swiss Pensioners

Revisiting Economic Vulnerability in Old Age - Low Income and Subjective Experiences Among Swiss Pensioners

von: Julia Henke

Springer-Verlag, 2020

ISBN: 9783030363239

Sprache: Englisch

319 Seiten, Download: 6703 KB

 
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Revisiting Economic Vulnerability in Old Age - Low Income and Subjective Experiences Among Swiss Pensioners



  Contents 6  
  Chapter 1: Introduction 12  
     Reference 14  
  Part I: Theoretical Framework 15  
     Chapter 2: Vulnerability 17  
        2.1 Relevance of the Concept of Vulnerability for the Study of Economic Vulnerability in Old Age 18  
        2.2 A Dynamic Framework of Vulnerability in Old Age 20  
        2.3 Common Risk Patterns Among Elderly in Switzerland 21  
        2.4 Latent Versus Manifest Vulnerability 25  
        2.5 The Convention of Equivalence Between Heterogeneous Observations 26  
        2.6 Coping: Taking Human Agency Seriously 28  
        References 30  
     Chapter 3: Objectivity and Subjectivity 32  
        3.1 Dimensions of Measurement 32  
        3.2 Objective and Subjective Concepts of Quality of Life 36  
        3.3 Incongruence Between Objective and Subjective Measures 39  
        References 41  
     Chapter 4: Measures of Economic Vulnerability 43  
        4.1 The Absolute Core of Manifest Vulnerability 43  
        4.2 Measuring Economic Vulnerability Objectively 47  
        4.3 Measuring Economic Vulnerability Subjectively 51  
        4.4 Economic Vulnerability Among Swiss Pensioners 55  
        References 58  
     Chapter 5: Integrating Objective and Subjective Measures 61  
        5.1 Pearlin’s Stress Process Model 61  
        5.2 Lazarus’s Appraisal Theory 64  
        5.3 A Typology of Economic Vulnerability 65  
        5.4 Conclusion 70  
        References 73  
  Part II: Research Design 74  
     Chapter 6: Data Set 75  
        6.1 Background of the Survey «Vivre/Leben/Vivere » 75  
        6.2 Questionnaires and Procedures 76  
        6.3 Population Surveyed 77  
        Appendix: Sample Distribution of the VLV Survey, Without Proxy Data 78  
        References 78  
     Chapter 7: Theoretical Model and Research Questions 79  
        References 85  
     Chapter 8: Analytical Methods 86  
        8.1 Determining Measurement Levels 86  
           8.1.1 Ordinal and Interval Data 87  
           8.1.2 Likert Scales and Likert-Type Items 88  
        8.2 Bivariate Analysis 89  
        8.3 Logistic Regression Models 90  
        8.4 Structural Equation Models 93  
        8.5 Weights 96  
        References 99  
     Chapter 9: Choice of Variables 101  
        9.1 Dependent Variables: Measures of Economic Vulnerability 101  
        9.2 Explanatory Variables 104  
           9.2.1 Background Characteristics 105  
              9.2.1.1 Sex 105  
              9.2.1.2 Age 106  
              9.2.1.3 Marital Status 107  
              9.2.1.4 Canton 107  
              9.2.1.5 Education 107  
              9.2.1.6 Personality 108  
           9.2.2 Economic Resources 109  
              9.2.2.1 Wealth 109  
              9.2.2.2 Owner 109  
              9.2.2.3 Types of Sources of Income 110  
           9.2.3 Financial Needs and Expectations 111  
              9.2.3.1 Former Socio-Professional Status 111  
              9.2.3.2 Health 112  
              9.2.3.3 Social Participation 113  
           9.2.4 Psychosocial Consequences and Symptoms of Economic Vulnerability 116  
              9.2.4.1 Social Isolation 116  
              9.2.4.2 Loneliness 118  
              9.2.4.3 Sense of Diminishment 118  
        Appendix 121  
        References 123  
     Chapter 10: Missing Values 128  
        10.1 Pro-rating for Validated Psychometric Scales 129  
        10.2 Patterns of Missing Values 129  
        10.3 Determinants of Missing Values in Financial Worry, Income and Wealth 130  
        10.4 Determinants of Missing Values in Self-worth 133  
        10.5 Conclusion: Handling Missing Values and Final Sample 134  
        Appendix 135  
        References 136  
  Part III: Prevalence of Economic Vulnerability Among Swiss Pensioners 138  
     Chapter 11: Socio-demographic Characteristics of the Sample Population 140  
        References 144  
     Chapter 12: Prevalence and Overlap of Three Measures of Economic Vulnerability 145  
        12.1 Economic Vulnerability Rate by Measure 145  
        12.2 Congruence Between Measures 147  
        12.3 Associations at the Ordinal Level 149  
        Reference 152  
     Chapter 13: Background Characteristics 153  
        13.1 Sex 153  
        13.2 Age 154  
        13.3 Canton 156  
        13.4 Marital Status 157  
        13.5 Educational Attainment 158  
        13.6 Personality 158  
        Appendices 161  
           Appendix 13.1: Sample Distribution by Sex and Measures of Economic Vulnerability 161  
           Appendix 13.2: Distribution of Vulnerability Types by Sex 161  
           Appendix 13.3: Sample Distribution by Age Group and Measures of Economic Vulnerability 162  
           Appendix 13.4: Distribution of Vulnerability Types by Age Groups 162  
           Appendix 13.5: Percentage Distribution of Vulnerability Types by Age-Sex Groups 163  
           Appendix 13.6: Sample Distribution by Canton and Measures of Economic Vulnerability 163  
           Appendix 13.7: Sample Distribution by Marital Status and Measures of Economic Vulnerability 163  
           Appendix 13.8: Percentage Distribution of Vulnerability Types by Marital Status, Without Type AAA 164  
           Appendix 13.9: Sample Distribution by Education and Measures of Economic Vulnerability 164  
           Appendix 13.10: Percentage Distribution of Vulnerability Types by Educational Attainment 165  
           Appendix 13.11: Correlation Between Personality Traits Neuroticism, Openness, Extraversion, Agreeableness and Measures of Economic Vulnerability 165  
           Appendix 13.12: Association Between Personality Trait Conscientiousness and Measures of Economic Vulnerability 166  
        References 166  
     Chapter 14: Economic Resources 168  
        14.1 Financial Support 168  
        14.2 Occupational Pensions 171  
        14.3 Home Ownership 172  
        14.4 Professional Activity 173  
        14.5 Wealth 174  
        Appendix 177  
           Appendix 14.1: Sample Distribution by Financial Support and Supplementary Benefits and Measures of Economic Vulnerability 177  
        Reference 178  
     Chapter 15: Financial Needs and Expectations 179  
        15.1 Socio-professional Status 179  
        15.2 Health 182  
        15.3 Social Participation 186  
        Appendices 191  
           Appendix 15.1: Percentage Distribution of Vulnerability Types by Socio-professional Category, Without Type AAA 191  
           Appendix 15.2: Sample Distribution by Health Symptoms and Measures of Economic Vulnerability 192  
           Appendix 15.3: Frequency of Going to the Movies/Theater Play, by Measure of Economic Vulnerability 193  
           Appendix 15.4: Frequency of Taking a Trip, by Measure of Economic Vulnerability 193  
           Appendix 15.5: Frequency of Eating out or Going to a Coffee Shop, by Measure of Economic Vulnerability 194  
        References 194  
     Chapter 16: Psychosocial Consequences and Symptoms 195  
        16.1 Social Isolation 195  
        16.2 Loneliness 197  
        16.3 Sense of Diminishment 199  
        16.4 Mastery 201  
        Appendices 202  
           Appendix 16.1: Frequency of Calling Friends, by Measure of Economic Vulnerability 202  
           Appendix 16.2: Frequency of Visiting Family, by Measure of Economic Vulnerability 203  
        Reference 203  
     Chapter 17: Conclusion Part III 204  
        Appendix 210  
           Appendix 17.1: Overview of Effect Size of All Covariates on Measures of Economic Vulnerability 210  
        Reference 211  
  Part IV: The Self-Assessed Measure of Economic Vulnerability 212  
     Chapter 18: Regressing Background Characteristics on the Self-Assessed and the Objective Measure of Economic Vulnerability 215  
        References 218  
     Chapter 19: Regressing Economic Resources on the Self-Assessed and the Objective Measure of Economic Vulnerability 219  
        References 224  
     Chapter 20: Exploring the Relationship Between Economic Resources and the Self-Assessed Measure of Economic Vulnerability 225  
        References 228  
     Chapter 21: Regressing Financial Needs and Expectations on the Self-Assessed and the Objective Measure 229  
     Chapter 22: A Structural Equation Model for Self-Assessed Economic Vulnerability 236  
        References 242  
     Chapter 23: Modeling the Relationship Between the Objective and the Self-Assessed Measure 243  
        Appendix 249  
        Reference 250  
     Chapter 24: A Typology of Economic Vulnerability Combining the Objective and the Self-Assessed Measure 251  
        24.1 Identifying the Most Vulnerable According to Low Levels of Wealth 254  
        24.2 ‘Expensive Taste’ or ‘Downward Adaptation’? 257  
        Appendix 262  
           Appendix 24.1: Ordinal Regression Models with the Combination of Objective and the Self-Assessed Measure (Obj-Sa) as Independent Variable, Predicting Items of Financial Need and Expectations (Odds Ratios Are Reversed) 262  
           Appendix 24.2: Outcome Probabilities of Members of Vulnerability Type BA for Being in a Given Category of ‘Frequency of Going to a Restaurant or Coffee Shop’, by Last Socio-professional Category 263  
           Appendix 24.3: Outcome Probabilities of Members of Vulnerability Type BA for Being in a Given Category of ‘Frequency of Taking a Trip of at Least One Day’, by Last Socio-professional Category 264  
        References 264  
     Chapter 25: Conclusion Part IV 265  
        References 267  
  Part V: The Perceived Measure of Economic Vulnerability 268  
     Chapter 26: Regression Analysis 270  
        26.1 Regressing Background Characteristics on the Perceived Measure of Economic Vulnerability 270  
        26.2 Regressing Psychosocial Consequences and Symptoms on the Perceived and the Self-Assessed Measure of Economic Vulnerability 272  
        Appendix 277  
        References 281  
     Chapter 27: A Path Model of the Relationship Between the Self-Assessed and the Perceived Measure: Group Comparison by Wealth 282  
        Reference 289  
     Chapter 28: Integrating the Three Measures of Economic Vulnerability 290  
        28.1 Modeling the Relationship Among Objective, Self-Assessed and Perceived Measures 290  
        28.2 A Typology of Economic Vulnerability Combining the Objective, the Self-Assessed, and the Perceived Measure 292  
        Appendix 294  
     Chapter 29: Conclusion Part V 295  
        References 301  
     Chapter 30: Discussion and Final Conclusion 304  
        References 318  

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