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Predictive Factors for Voluntary and/or Paid Work among Adults in their Sixties

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Abstract

Population aging is a current challenge globally as the Baby Boomers are heading towards retirement. In Finland, a regional-council postulated that the rate of retirement in the region will leave more than half of the population retired in the near future. Hence, this study conducted logistic regressions for predictive factors for voluntary and paid work among adults in their 60s from the region by using the Aging and Well-being of North-Savo Survey. Chi Square tests were also implemented in order to examine the link between their current engagement and their well-being. The logistic regressions implemented showed relative covariates of education, income, health and socioeconomic delineation as predictive factors for current and future engagements in voluntary and paid work. Chi Square tests also revealed a link between the current engagement of the respondents and their well-being. However, further studies will be needed so as to determine the differences in the relativity of the predictive factors by gender. In addition, the study suggests the importance of continuing the discussion of older adult’s productive engagement and its value base in relation to income and outcomes, as well as spiritual empathy and sustainable future for the elderly.

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Correspondence to Thomas Akintayo.

Appendix 1: The Fit of the Models

Appendix 1: The Fit of the Models

1.1 Model 1: Current Participation in Voluntary Work

The Omnibus Test of model 1 coefficients showed the Chi square (χ2) value of 42.707 (df = 15) with a high significant p value of <0.001, which indicated that the independent/explanatory variables selected in the model had a positive influence on the fit of the model when compared with the constant/baseline model. The fit of the model was also tested with the Hosmer and Lemenshow Test, which showed the p value of 0.730 and, based on the high p value, we can say that the model and the data have a good fit. On the contrary, the Nagelkerke Pseudo-R2 was 0.048 which is very poor for the model. Also, the classification of predicted values of observations was poor. It could not correctly classify those who participate in voluntary work at all. Of all the observations, the model was able to classify 78.2 %. The percentage did not increase from the null model at all.

1.2 Model 2: Current Participation in Paid Work

The Omnibus Test of model 2 coefficients was significantly better than the baseline model, and Chi Square (χ2) = 182.067, df = 15, p < 0.001. Also, the Hosmer and Lemenshow Test showed a good fit of the model with high p value (0.487), but the Nagelkerke Pseudo-R2 was only 0.170. The model correctly classified 57.5 % of those who did not participate in paid work, and 70.6 percent of those who did work. The overall percentage was 64.3 percent. The percentage increased from the null model (52.1 %) by over 12 percentage points.

1.3 Model 3: Future Participation in Voluntary Work

According to the Omnibus Test of model 3 coefficient, the Chi square was highly significant (χ2 = 214.749.509, df = 15, p < 0.001); this showed that the new model (with independent/explanatory variables included) was significantly better than the baseline model. The Nagelkerke Pseudo-R2 was 0.207, which is considered to be an adequate fit of the model. The Hosmer and Lemenshow Test showed a good fit of the model with a high p value (0. 301). However, when we evaluate the model based on the accuracy of the classification of predicted values of observations, the model was only moderate. It correctly classified only 34.3 % of those who were willing to participate in voluntary work in the future. Of those who were not willing to participate, the model correctly classified 91.2 %. Of all the observations, the model was able to classify 72.8 %. The percentage increased from the null model (67.8 %) by five percentage points.

1.4 Model 4: Future Participation in Paid Work

Also, the Omnibus Test of model 4 coefficient showed the positive influence of independent variables selected for the model when compared with the constant model (χ2 = 152.795, df = 16, p < 0.001). The Nagelkerke Pseudo-R2 was only 0.144, which indicates a relatively poor fit of the model. Instead, the Hosmer and Lemenshow Test indicated a better fit of the model with high p value (0.969). The model correctly classified 62.6 percent of those who were not willing to work in the future, and 67.0 percent of those who thought they would consider working. Altogether, the model correctly classified 64.7 percent of cases, which was a slight increase over the null model (52.7 %).

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Akintayo, T., Häkälä, N., Ropponen, K. et al. Predictive Factors for Voluntary and/or Paid Work among Adults in their Sixties. Soc Indic Res 128, 1387–1404 (2016). https://doi.org/10.1007/s11205-015-1084-5

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