Population ageing is a natural process with irreversible consequences. Therefore, it has become an important agenda for economic and social policy. It requires the development and practical implementation of new tools for the integrated assessment of the main aspects of the elderly generation economic and social well-being. We account for over 50 years of active academic research work in the area of enhanced elderly population's wellbeing assessment as a complex socio-economic phenomenon. The phenomenon may comprise a number of components for evaluation on the basis of both quantitative objective criteria and qualitative subjective criteria. The paper addresses the question of using composite indices such as the AgeWatch Index and the Active Ageing Index for assessing the well-being of the elderly generation in the Russian Federation. The authors also debate the issue of the availability and comparability of the existing data for the Active Ageing Index calculation for Russia. The scope of the analysis falls within national Russian statistical databases in order to determine the possibility of the correct choice of relevant indicators from the sources available for the AAI calculation according to its original methodology.
As a multi-faceted process population aging generates various socio-economic and psycho-physiological challenges and significantly influences the government socio-economic policy. It requires the development and practical application of new assessment tools based on the economic and sociological data statistics to describe the current state of the society specifying variables and indicators relevant to the measurement and management of the main aspects of older people well-being. The article presents a comparative analysis of methods to assess such complex socio-economic and psycho-physiological phenomena as the elderly population's well-being. The study focuses on the research trends in the development of the elderly population well-being evaluation tools and composite indices as well-being of older people assessment techniques. The paper addresses the evolution of the concept "well-being of the elderly population" together with the evolution of the term "well-being" itself with the latter one closely connected to the concept of human development. The authors draw on the causes of interest for comparative assessment methodologies of the well-being of elderly generation against the backdrop of the global trends of demographic aging of the world population. As assessment tools joining a set of objective and subjective indicators in one evaluation scale, composite indices are researched as comparative methods for the purpose of well-being analysis. They are described in terms of their decomposition into domains and indicators. Finally, the paper formulates the principles of development of the Russian Elderly Well-being Index and analyses the possible domains for the elderly population well-being assessment.
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