Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/223969 
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 13527
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Older people experience high rates of depression and suicide, yet they make a positive net contribution to the economy through activities such as employment, volunteering, and looking after grandchildren. The wellbeing of older people is therefore important not only on moral but also economic grounds. To understand which policies will facilitate the overall wellbeing, we use Australian data to explore the determinants of wellbeing and loneliness of natives and migrants in the 65-85 age group, taking into account the extent to which social networks contribute to the wellbeing and possible reduction in loneliness. Results show that social networks have a strong positive effect on wellbeing and a strong effect in reducing loneliness among both natives and migrants. The positive effect of social networks is stronger for females than males.
Subjects: 
ageing
wellbeing
loneliness
social networks
JEL: 
I31
J14
Document Type: 
Working Paper

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