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Mon, March 9
Luigi Pistaferri, Consumption Inequality and Family Labor Supply

Resources and life-management strategies as determinants of successful aging: On the protective effect of selection, optimization, and compensation

Archived Abstract of Former PSC Researcher

Jopp, D., and Jacqui Smith. 2006. "Resources and life-management strategies as determinants of successful aging: On the protective effect of selection, optimization, and compensation." Psychology and Aging, 21(2): 253-265.

In this research, the authors investigated the specific and shared impact of personal resources and selection, optimization, and compensation (SOC) life-management strategies (A. M. Freund & P. B. Baltes, 2002) on subjective well-being. Life-management strategies were expected to be most relevant when resources were constrained, particularly in very old age. In Study 1 (N = 156, 71-91 years), age-differential predictive patterns supported this assumption: Young-old individuals' well-being was predicted independently by resources and SOC, whereas SOC buffered the effect of restricted resources in old-old individuals. Study 2 replicated the findings longitudinally with resource-poor and resource-rich older individuals (N = 42). In both studies, specific SOC strategies were differentially adaptive. Results confirm that resources are important determinants of well-being but that life-management strategies have a considerable protective effect with limited resources.

DOI:10.1037/0882-7974.21.2.253 (Full Text)

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