This study aimed to assess the life satisfaction of elderly individuals and its associated factors, examining the empirical relationship, direction, and intensity of these variables. The investigation explored the mediating roles of physical and mental health scores on life satisfaction, using data from the fourth wave of the Health, Aging, and Retirement in Thailand (HART) survey conducted in 2022-2023. The sample included 646 individuals aged 45 and older, representing five regions, including Bangkok. Structural equation modeling was employed for data analysis.
Results indicated significant effects of mental health and asset ownership on life satisfaction, with mental health mediating the association between asset ownership and life satisfaction. Physical health acted as a mediator for the relationship between mental health and net income. Social activity participation also showed a significant indirect effect on life satisfaction.
Among those aged 60-69, mental health was a significant factor influencing life satisfaction and served as a mediator between asset ownership and life satisfaction. For those aged 70 and older, heightened levels of mental health contributed significantly to increased satisfaction, demonstrating an age group moderation effect.
In summary, mental health and asset ownership significantly impacted life satisfaction, with mental health mediating the association between asset ownership and life satisfaction. Physical health was considered as a mediator for the relationship between mental health and net income, and social activity participation indirectly influenced life satisfaction. The age group played a moderating role, with mental health being significant for those aged 60-69 and aged 70 and older.

Authors:
Titirut Phimolsri, National Institute of Development Administration (NIDA), Thailand
Pachitjanut Siripanich, National Institute of Development Administration (NIDA), Thailand
Wasin Kaewchankha, National Institute of Development Administration (NIDA), Thailand

About the Presenter(s)
Dr.Titirut Phimolsri is currently an Assistant Professor of Department of Applied Statistics, Graduate School of Applied Statistics, National Institute of Development Administration (NIDA), Thailand

See this presentation on the full schedule – Friday Schedule

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