Composite Indices as International Approaches to Elderly Population Well-being Evaluation: Evidence from Russia

Abstract

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.

The Role of Psychological Time in Late Socialization. A SEM Analysis

“…However, despite the variety of terms used to refer to late socialization, the research focus has been on objective criteria of socialization, such as activity and productivity in society (Pinto, & Neri, 2017), independence (Galinha, Pinal, & Lima, 2021), participation in work and social life (Pavlova, Gumennikov, Monastyrny, 2017), life quality (Yantzen, 2015;Galinha, Pinal, & Lima, 2021), level of material security (Drobysheva, & Zhuravlev, 2016), health (Pinto, & Neri, 2017;Westerhof, Miche, & Brothers, 2014), favorable environment (Belikov, 2019;Yantzen, 2015), and the like.…”

“…In contrast, our study focused on subjective criteria like life satisfaction and happiness (Pavlova, Gumennikov, & Monastyrny, 2017). We proposed considering various aspects of subjective well-being as criteria for e ective late socialization, -namely, life satisfaction in general (Diener & Lucas, 1999), economic satisfaction (Deyneka, 2000), health satisfaction, and the modality of perception of life in retirement.…”

Wellbeing assessment yardstick

“…Composite indices are often used to assess multidimensional constructs to monitor economical and innovative activity, quality of governance, university system performance, but it is not the case of the wellbeing of old people across diverse Russian regions. Potential comparability of the Active Ageing Index indicators to the official Russian statistics is discussed by Pavlova et al (2016a) stressing that there is only a part of identical indicators in the Russian statistical databases which correspond to the original AAI methodology. The Global Age Watch Index is calculated for Russia as a whole entity with a very strong attribution to the pension system and providing a very approximate picture of the wellbeing of the old people.…”