Study on the Life Satisfaction of the Chinese Elderly

Wenting Xiong

doi:10.54097/fbem.v7i3.5265

Authors

Wenting Xiong

DOI:

https://doi.org/10.54097/fbem.v7i3.5265

Keywords:

Lifesatisfaction, Livingpattern, Aging.

Abstract

According to the results of my country's seventh census, the national population aged 60 and above is 264 million, accounting for 18.7% of the total population, of which the population aged 65 and above is 190 million, accounting for 13.5% of the total population. The total elderly population is larger than the population of some countries. Because the life satisfaction of the elderly is one of the important components of people's happiness, and the life satisfaction of the elderly is affected by the living pattern. However, with the development of the times, the living pattern of the elderly in China has also changed. Based on the data of the China General Social Survey in 2017, this paper adopts the OLS and two-stage least squares method to empirically analyze the causality of the living pattern on the life satisfaction of the elderly, and uses instrumental variables to test the robustness and the elderly's life satisfaction. Differences were analyzed for heterogeneity, and structural equations were used to analyze the mechanism of influencing channels. The empirical results show that living with children can improve life satisfaction and reduce loneliness in the elderly. Heterogeneity analysis showed that the impact of living patterns on life satisfaction of the elderly was inconsistent due to differences in gender, relationship with children and social status of the elderly. Through the mechanism analysis, it is concluded that living with children will increase the children's economic support for the elderly and have a positive impact on life satisfaction. impact on the relationship.

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